Finance
Assuring that any back office financial function operates
at its maximum potential.
 

1

A stricter regulatory environment, the globalization of business and increased competition is adding a lot of pressure to Finance departments.

ERPs are now part of the landscape of most companies. They brought their share of standardization, but for most clients they remain an expensive cost center leaving a lot of productivity gaps that need to still be addressed: Entities still not deployed multiple Chart of Accounts, multicurrency not fully deployed, Check Payments as opposed to electronic payments, Shared Service Center integrations, etc.

Ataway has been working on deploying finance ERPs for more than 15 years, not only in the US, but also in more than 30 countries around the world, deploying, upgrading, designing core systems, etc. Ataway teams have accumulated a unique experience among consulting companies in being able to address complex issues in a domestic and global environment.

Ataway consultants are used to working on large projects with multiple teams. Their process knowledge and experience in working for other clients make them a valuable asset for Business Process owners. Ataway consultants are also familiar with local statutory or GAAP requirements for specific countries and speak the same language as you and your colleagues around world do.

Among the areas of expertise Ataway has in the Finance area:

  • • Defining Multi-book strategies to accommodate multiple GAAPs within the same system
  • • Designing and deploying core systems covering multiple entities or divisions into one single instance in a domestic or global environment
  • • Designing (Process Flows, Service Description, Roles & Responsibilities, SOPs, SLA, Training, etc.) of Regional or Global Shared Service centers
  • • Multi-currency, in compliance with FAS 52, including functional currency
  • • Transitioning to a single Chart Of Account, with all the associated change management activities
  • • Single instances with consolidation of separate instances implying the merging of multiple reference data sets, such as the Chart of Account, but also ledger structure, historical data, vendor file, customer file, etc.
  • • Correctly implementing international withholding (1099, DAS2 etc.) and taxes (Sales Tax, VAT/GST, TDS, Consumption Tax) in your systems
  • • Process changes to cut closing activities to 2 days

Ataway won't only help you with your projects; we'll also work together on your long-term maintenance objectives by addressing your functional and technical support, training, testing and process improvement needs. All these solutions are designed around the experience we have working with Finance organizations. They also integrate the process improvement aspect. For example, when we provide functional or technical support, we do not just provide support. We also analyze why some issues are recurring more than others, helping you decrease the volume of issues in the long run and identifying areas of improvement in your processes. We know what is important to you.

Ataway has developed “Finance Process Blueprints." These are sets of tools and documents that help us quickly start any project, bringing onboard more than 15 years of process expertise and tested best practices.

Contact Ataway today to solve your Finance challenges!

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Case studies

PS Finance solution for ceramics leader
April 9, 2013

Ataway worked together with the client to maintain the integrity of its PeopleSoft financial system and ensure that financial applications were functioning in accordance with prescribed metrics.

PeopleSoft deployment for major retailer
January 11, 2013

The world’s second-largest retailer and the largest in Europe, the group currently operates over 9,500 stores, either company-operated or franchises. The group currently operates in three major markets (Europe, Latin America and Asia) with a presence in 32 countries.

BPM and SOA Implementation for Insurance Industry leader
January 9, 2013

The client is an insurance company with approximately over 100,000 employees worldwide serving approximately 78 million customers in more than 70 countries.

Live Support coverage for Television powerhouse
January 9, 2013

The client is a major player in the international Media & Entertainment business, developing, producing and distributing 350+ wholly- and majority-owned pay-TV channels.

Issue Support Management for a Fortune 500 energy client
October 11, 2012

The client, a Fortune 500 company traded on the New York Stock Exchange, is one of the largest electric power companies in the United States.

Ataway Global Newsletter

Get valuable insights on the latest best practices involving ERP, process management, and local regulations worldwide, delivered right to your inbox!

 

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