Summit Truck Group Automates Accounting Processes

  • Manufacturing

Challenge

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Manual monthly transaction matching requirements as part of financial close
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Complex inter-company transactions across lines of business

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Lack of visibility into vendor compliance and health

EPM Solution

Account Reconciliations – Transaction Matching
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Explore options in automating mundane accounting processes

Result

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Increased visibility and compliance with action plans, reason codes and risk ratings

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Evaluated and cleansed all balance sheet accounts to develop reconciliation automation

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Auto-match rate for bank and inventory reconciliations

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Account reconciliation consolidation by entity

Read the full story here.

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