Untangling A $2.9B Financial Data Spider Web
Financial Systems Capability Assessment
BUSINESS PROBLEM
A Fortune 1000 public utility company with over $2.9B in annual revenues desired to optimize its disparate processes and systems for managing financial data, transactions, and analytics. The organization was equipped with multiple powerful enterprise resource planning (ERP) and financial systems. They recognized the need to elevate the challenges experienced and correlate it with the business impact to increase their finance capability maturity. We were ready to help by conducting a current state assessment on the organization’s financial planning and accounting processes.
OUR APPROACH
A structured two-phase approach was applied to evaluate current-state operations and identify opportunities for improvement. By combining firsthand insights with industry benchmarks, we delivered a clear baseline and actionable roadmap to accelerate progress.
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We began with a discovery phase focused on information gathering, which included documentation reviews and, most critically, interviews with subject matter experts who offered deep insights into existing processes, tools, and interactions.
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In the second phase, we assessed the collected data against industry best practices and frameworks to identify current capabilities, gaps, and key recommendations. To help accelerate progress, we delivered a finance master baseline and an initial data map detailing systems, data elements, and functional roles (e.g., create, update, delete, read-only).
Current State
Assessments
SERVICES PERFORMED
Data Strategy
KPI Development & Measurement
Systems Integration
Technology Roadmapping
VALUE DELIVERED
Delivered future-focused planning and structural guidance to support long-term transformation and operational excellence.
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Provided journey maps outlining one year implementation plans with multi-year roadmaps.
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Developed a comprehensive action plan and organizational models to achieve client’s target maturity that outlined the required data governance, resource and skills, internal controls and compliance, process changes, and technology features and functionality required to achieve a finance center of excellence (COE).
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