Top 10 ASX listed Transport Company
- Monthly Tax process reviewed and automated including exception reporting and dashboard reporting.
- 44 processes identified and engaged to provide automation building services as well as automation project management, training and governance support.
- Current project covers all Group finance functional areas with a view to expanding to subsidiaries and non-finance operational divisions
Current State Scenario
- Tax process example:
- Total effort 2.5 days:
- Approx. 1 – 1.5 days effort for Accounting operations team to prepare data
- 1 days effort for tax team to do high level review
- Tax process could not start until all data validated (manual repetitive checks)
- Minimal exception reporting due to time constraints
- Time for process to run – 3 mins.
- All data validated automatically.
- Data exceptions emailed to relevant area (in progress – areas being decided)
- Tax team receive preliminary results instantly
- Dashboard reporting now possible to hence process (in progress)
- Full audit trail of every change made to data files