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Client: |
Developer and publisher of video games |
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Employees: |
8,000 |
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Program objective:
- Implement the systems and processes to support more efficient financial forecasting and reporting.
- Projects
- Forecasting System (Clarity, Hyperion Essbase)
- Financial Data Warehouse and ODS (Oracle)
- Financial Reporting (Cognos)
The program goals were achieved through:
- Securing commitment from senior executives to standardize the chart of accounts.
- Setting common definitions for key terms critical for project accounting.
- Successful management of internationally dispersed team including external developers.
- Close involvement of Finance stakeholders.
Key accomplishments:
- Provided the systems and means to produce the company’s first automated consolidated financial reports, aggregating data from 13 independent financial systems (and charts of accounts). Quarterly close was reduced by 4 days.
- Initiated the replacement of 13 different charts of accounts with a single corporate standard.
- Established the basis for effective project accounting across all studios