Challenge
Frequent issues with our client’s regulatory clause system resulted in delays in the close process and inaccurate postings to their accounting system of record. The system lacked the flexibility to handle the data inconsistencies and the agility to turn around a result within a tight two-day window.
Solution
- UI Solutions Group's SOX-compliant Regulatory solution provided the ability to integrate to the ERP source data, shortening the actualization process significantly and increasing flexibility by automatically adding projects, accounts, and other data with integrated error checking.
- Analysts were able to use the system to produce a full set of standard reports to clarify calculated results and highlight new unmapped data items for a secure user group.
- Posting entries to the ERP system became an automated, monthly process once results were analyzed and approved.
Impact
The streamlined actualization process and fast processing time significantly increased the team’s ability to efficiently review the details, helping to mitigate errors and avoid costly rework.
