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Case study Efficiency review
We were asked to undertake a review to assist a client in identifying opportunities to increase efficiency in the purchase to pay process across different subsidiaries and to reduce the pressure on the finance team, rather than recruiting more finance staff. We mapped process flows, held one-to-one meetings with key staff and ran a process workshop. We identified the root cause of some issues and identified controls that could be streamlined. Extrapolation indicated that the long term costs provided for within the Business Plan would be understated by approximately £25m. In addition, we identified issues in respect of communication between the Asset Management and Finance Teams and in reporting to Board.
