The organization
This client is a Canadian developer specializing in commercial real estate.
The challenge
The client wanted to automate its cash flow reporting. Data entry was done manually, which was leading to numerous errors and missed deadlines.
It also wanted to transform its finance operations to automate its cash flow management, budgeting, bank reconciliation, and electronic funds transfer payment processes.
And the company’s operations were complex due to high levels of customization. It wanted to simplify and automate its reporting process to produce more timely and accurate information.
The solution
Our team’s methodology unfolded in three distinct phases, ultimately culminating in the formulation of an early-stage strategy for the client. In our three-phase approach, we:
- Identified key challenges users were facing in each of the high-priority finance functions.
- Developed the target-state solution that aligned with the company’s data strategy.
- Developed automated reports and provided training to key stakeholders, giving them the ability to track assets through an interactive Power BI dashboard.
The outcome & benefits
The client has seamlessly transitioned to fully automated cash flow reporting, eliminating manual data entry and saving employees about 1,000 hours of work annually. This transformation has streamlined financial operations, accelerated reporting, enhanced accuracy, and provided deeper insights into performance.
Additionally, automation has been extended to other reporting processes—reducing their complexity and making them more manageable. This overhaul has empowered the organization to monitor cash flow with greater precision and ease, driving more informed decision-making.