A CPG company was able to improve their working capital, DPO and days to close by outsourcing Finance Operations.

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Business Challenge:

A CPG client was looking to reduce costs and improve organization agility for their finance department.

How We Helped?

  • Shared worked with the CPG company to identify scope for outsourcing vs retained staff and put a transition plan with multiple waves
  • Starting with the low complexity finance process – Accounts payable, over a period of 14 months transitioned the identified processes to our delivery center in India
  • Post stabilization, we were able to identify opportunities for process standardization, streamlining and automation
  • We leveraged analytics to help client improve their payables and reduce their DPO, improve working capital
  • Additionally, we built dashboards to provide visibility to the client for key metrics that matter and the health of their finance operations

Business Outcomes:

  • 60% cost savings
  • 24% improvement in working capital
  • 15% reduction in manual journal entries and time to close