Integrating A New Foreign Subsidiary into Global Financial Reporting
Merging Processes in a Timely Manner
Incorporating The New Company’s Existing Accounting and Financial Reporting Processes into our Client’s
When one of our U.S.-based global manufacturing clients acquired a Canadian company, bringing the entity into the fold presented layers of challenges. One of the first hurdles was incorporating the new company’s existing accounting and financial reporting processes into our client’s Hyperionbased reporting structure, and quickly; the conversion had to happen within global reporting and closing deadlines.
Vaco provided a senior-level consultant with deep expertise in accounting, process development and integration, training, team building, and financial modeling to design and implement a customized process based on the global financial team’s needs. Our consultant worked closely with personnel in Canada, America, Belgium, and Germany to modify the Canadian company’s existing process, ensuring month- and quarter-end closings were accomplished on time and accurately.