Accounting Team Overhaul
70% cost reduction at Fortune 500 company
The Challenge
A Fortune 500 company was struggling with bloated accounting operations that consumed 15% of their operational budget. Manual processes and redundant roles led to inefficiencies, while audit findings revealed accuracy concerns.
They needed a complete financial operations transformation that would reduce costs while improving accuracy and compliance.
The Strategy
We conducted a complete process audit and implemented a three-phase transformation: 1) Automation of repetitive tasks, 2) Consolidation of regional teams into centers of excellence, and 3) Upskilling remaining staff in advanced financial analytics.
Within 5 months, we reduced the team size by 60% while implementing 18 new automation workflows that handled 80% of routine transactions.
Cost Reduction (%)
Audit Accuracy (%)
The Outcome
The accounting department achieved 70% cost savings while maintaining 100% accuracy in all audits. Month-end close time reduced from 14 days to 3 days, and the restructured team could now focus on strategic financial analysis rather than routine bookkeeping.
"This transformation turned our accounting department from a cost center into a strategic asset. The precision and efficiency gains exceeded our most optimistic projections."
