2. Key Accomplishments
Integrated the Glenrand Reduced Intercompany
acquisition into the operating variances to
financial reporting an immaterial amount.
process. Realigned the reporting
Centralized Sub- function from the FP&A
Sahara’s reporting team to the Controller’s
process. team.
3. Integrated the Glenrand Acquisition
2. New HFM Lines of
Business
1. New HFM Entities
3. New Reporting 4. “Push Down” of
Templates Purchase Accounting
Entries
4. Reporting Process
BEFORE
―A minimum of 11 country controllers sent reporting
packages to the EMEA consolidations team in Chicago.
―All review of the reporting packages was done in Chicago
by the EMEA consolidations team.
―The EMEA consolidations team repeatedly corresponded
with a minimum of 11 country controllers.
5. Centralized Reporting Process
―The EMEA consolidations team has a central point of contact and
only corresponds with 1 person.
―The reporting packages are reviewed centrally before they are sent
to the EMEA consolidations team.
―The process done on behalf of Sub-Sahara by the EMEA
consolidations team has been significantly reduced.
6. Reduced Intercompany Operating Variances
Material Intercompany
Amount Operating
Variance
April
Dec
Oct
June
July
May
Nov
Aug
Sep
Pre-April
―Long-standing intercompany operating variances were reduced to
an immaterial amount.
―Reduction of material intercompany variances is a global initiative.
7. Realigned the Reporting Function
Leveraged Smartview reports and HFM data.
Created various reports to be used for
financial data analysis.
Generated a time savings for the FP&A
department.
Ensured the reporting function was
completely owned by the controller’s team.
