Implementing an enterprise-wide accounting transformation to underpin the future operational effectiveness of a large investment firm

Our consultants helped this financial services organisation integrate Oracle’s PeopleSoft GL software to create efficient processes and a forward-thinking workforce

Big Tick

Integrating existing systems to create seamless end-to-end accounting processes that worked smoothly from day one.

Big Tick

Building a reliable foundation from which other digital transformation projects could launch.

Big Tick

Developing a workplace culture that embraces technological innovation.

Big Tick

Cutting the cost of regulatory compliance locally and across the globe and comprehensive reporting that supports better decision making.

Challenge

Our client, a large financial services firm based in Ireland, relied on an outdated general ledger system to support its accounting team. It wanted to boost the productivity of this function and improve its employee experience, by reducing laborious manual tasks and limiting the time spent investigating and correcting mistakes. Alongside this it also sought to strengthen its company-wide reporting capabilities.

We were brought onboard to build and deploy an accounting system using Oracle’s PeopleSoft GL software, that could meet these objectives while seamlessly integrating accounts payable and asset management processes.

As well as our development expertise, our ability to manage the business-as-usual team through a digital transformation played a crucial role in making sure the new system hit the ground running on go-live day.

Challenge

Solution

We tapped into our talent pool to quickly gather a team of PeopleSoft experts who could begin the implementation process immediately. They became the go-to people within the business, providing invaluable support for internal employees at every stage and driving positive change within the accounting team.

Communication was a key part of this success. After each set of work, our consultants fed back to the accounting team, demonstrating new capabilities, answering questions and convincing doubters of its worth. They also provided high level summaries and issue logs to the business.

Through rigorous testing we made sure existing systems interacted smoothly with PeopleSoft, so that we could guarantee our client would enjoy the benefits we promised. This created truly efficient end-to-end processes that employees could really buy-in to.

Solution

Results

Our consultants built a system that was signed off by the client on time and on budget. Most importantly it worked from day one, with no glitches, bugs or last-minute manual work arounds. And that effectiveness is bearing results, including:

  • Enabling dependent technology projects such as capital markets and loan IQ automation to be completed on time, and building a culture of tech adoption.
  • Reducing the cost of compliance with statutory regulations in Ireland and across the globe.
  • Efficient and detailed enterprise-wide reporting through access to tools including Oracle OBI EE 2.0, supporting more informed decision making.
  • Economies of scale through the organisational use of PeopleSoft accounts payable and asset management.

By combining technological and cultural change, our consultants have gone beyond creating simple efficiencies to develop a workplace ready to embrace, and fully benefit, from innovation.

Results

Contact Us

Adam Kelly

Managing Partner

Adam Kelly