What if you could increase capacity by 250%, increase gross margins by 8% all while improving customer satisfaction by 15%?October 15, 2020
International Chemical Manufacturer
A manufacturer of industrial chemicals had grown exponentially through acquisitions. A result was a non-standardized chart of accounts with more than 22,000 natural accounts. This caused month-end close to be delayed by weeks and flash reports to be almost impossible to produce. We came in and undertook a chart of accounts rationalization engagement. Gathering the needs from operational staff, local controllers, corporate account, and the executive team, we restructured the chart of accounts to a standardized format across all countries. This led to a reduction in the natural accounts to less than 700 and reduced the month end close time by two weeks. The company was also able to produce real time flash reports and KPI reporting.