A retail manufacturer of gaming systems had challenges around the planning, budgeting and consolidation process.
The Challenge. A retail manufacturer of gaming systems had challenges around the planning, budgeting and consolidation process. The process was manually-intensive and poorly controlled with a four-month cycle time for the financial process. Reports were inconsistent and outdated, and auditability was limited.
The Solution. CT Global designed and implemented a replacement budgeting and consolidation solution using SAS Financial Management. This solution included automated data input and consolidation, standard Excel budget entry forms, a single data repository, access to reports via a customized portal, and automated workflow management. Results included elimination of data quality issues, instant user access to reports, significant reduction in budget cycle time, an accurate twelve month rolling forecast, ability to drill back to sub-ledger detail, and a full audit trail.