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Profit and Loss Reconciliation Application
Profit & Loss Reconciliation solution for a leading multinational consumer goods manufacturing company to automate P&L reconciliation and monthly sales forecast.
- P&L reconciliation Automation
- Manpower and time reduction
- Workflow Control
- Customized reports
Client
The Client is a leading multinational consumer goods manufacturing company with market in over 180 countries around the globe. Their products include personal care products, pet foods and much more.
Challenges
Our client required a windows-based desktop application to automate their company’s Profit & Loss reconciliation process and monthly sales forecast which consumed extensive manpower and time when done manually.
What We Did
Our experienced team at ANGLER gathered and analyzed the client requirement and came up with a solution that can automate the P&L reconciliation and monthly sales forecast of the company. To create the application we needed finance expertise support and our dedicated team worked closely with those people and understood the concepts where clarity required. The application developed assisted client to reconcile Profit & Loss back to the trial balance and also generate monthly sales forecast reports which was their objective. This automation of the workflow helped them have control over their process, greater accuracy, data security and reduced time and manpower consumption.
Technologies Used.
Results
- P&L Reconciliation Automation
- Sales forecast for the whole financial year
- Data backup and storage of sensitive financial data
- Reduced manpower consumption
- Absolute accuracy
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