Overview
The client, an international real estate management firm, contacted DLC after recognizing gaps in their current reporting and identifying a need to establish formal monthly reporting of financial results to management.
Business Challenges
The client’s accounting staff was unable to provide adequate clarity into the business drivers that impacted financial results, prohibiting their ability to present accurate and reliable financial information to management.
Approach
Working alongside the client, DLC developed a reporting solution that incorporated best practices into enhanced financial reporting and consolidated results into a format consistent with the expectations of senior management.
To successfully support the rework of the financial reporting strategy, the DLC team also assisted the client in developing a business analysis group and provided interim staffing solutions for senior manager and analyst roles while the group was established.
Results
After engaging DLC, the client provided reliable and accurate financial reporting packages to management.
This financial reporting rework also reduced cycle time of reporting procedures, improved management focus to support strategic and tactical decision making, and simplified key monthly reporting processes.
Before DLC
- No monthly reporting packages
- Inability to procure accurate & reliable financial information
- Inconsistent & disorganized financial processes
After DLC
- Successful rework of financial reporting processes
- Reliable & accurate financial information provided to management
- Saved time via process rework
