Find out how a multinational industry transformed its financial operations through automation, optimizing accounting reconciliation with Dattos.
Processes managed by Dattos technology
- Reconciliation of ICMS and IPI
- Return Shipment Reconciliation
- Payroll reconciliation
- Reconciliation of accounting accounts
- Reconciliation of ICMS to be settled
- COMEX reconciliation
- ISS reconciliation
- Special Ledger Reconciliation
- Tienda Inventory Validation - Colombia
- DHL x SAP Inventory Validation - Colombia
- Bank reconciliation - Colombia
- ICMS DIFAL reconciliation
- Reconciliation of Clearing Accounts
About the company
This is the success story of a multinational industry among the most renowned in technology and innovation, in the graphic solutions, optics and medical equipment segments. The multinational, with more than 12 factories around the world, deals with high complexity and large volumes of data in finance-related processes.
Faced with this complexity and diversification of its business, but also with a lean teamThe company was looking to increase its efficiency and accuracy, but faced the challenge of manual data management.
Objective
The main objectives of this multinational industry were organize the management of your data and centralize analyses to optimize your processes. After all, there were multiple manual processes being carried out on Excel spreadsheets, which added a certain amount of uncertainty as to the quality of the data.
In addition, the manual process made everything much slowerThe company's accounting system was not always up to date, with delays in closing accounts and inefficiency in collections and account analysis. It was urgent to adopt a solution that would support the automation of these processes, allowing teams to focus on more strategic activities, and that's where they found Dattos.
Challenges
The company's finance professionals only acted as data preparers and had no time to be analytical and strategic
The lack of a standardized and automated process created a scenario where information was lost or confused, and activities and those responsible were not monitored
It was necessary to review the internal processes of the finance team in order to optimize them, but the professionals were overloaded and couldn't handle it.
Solution
The first step in the understanding of Dattos' team of experts was to promote a process integration and modification of the industry. In order to do this, it had to pass strict criteria of adapting the platform to specific business rules of the company.
A automation platform in data reconciliation has replaced manual methods with an effective and reliable system. The solution made it possible for the team to handle large volumes of data and be able to dedicate your hours to more strategic activitiesat the same time as improved the efficiency and reliability of the business.
Today, the multinational industry performs reconciliations in a more agile manner, and has also achieved greater efficiency in monitoring pending issues with the centralization and governance of financial information. In this way, he understands that an accounting professional is also a data generator and analyst, able to make decisions based on reliable figures in real time.
Results
75% reduction in the time taken to prepare reconciliations
Simplified reprocessing capacity
