Client is a Fortune Global 500company, leading in packaged foods and beverages. It has interests in the manufacturing, marketing, and distribution of grain-based snack foods, beverages, and other products.
Risk Led Balance Sheet Review – BSR Thailand
Risk Led Balance Sheet Review – BSR Thailand
Challenges
- Time and Effort Intensive: The manual review process is consuming significant time and resources.
- Lack of Granularity: The inability to drill down to detailed levels makes it difficult to pinpoint the root causes of risks and their potential impact.
- Prioritization Issues: The review process doesn’t prioritize accounts based on their risk or impact, making it challenging to focus on critical areas.
Solutions
Dynamically highlight a Risk-based Heatmap of Balance Sheet Accounts allowing Drill Down analysis to more granular level through Leveraging Tools and Technologies to minimize manual effort facilitate Flux Analysis, Risk and Opportunities Analysis.
Results
Faster BSR preparation owing to automation. More efficient reviews led by real-time Exception highlighting. Improved controls design and reduced audit exposure. Enhanced user experience with one-stop shop review platform.
Technology Stack used: Power BI for Reporting and Analysis. Teradata – EDW (Enterprise Datawarehouse) for data acquisition and modelling. SAP BW for ECC Financial Data
