A review revealed significant shortcomings in the current consolidation and reporting system. The system, inherited from the previous parent company, was viewed as being too complicated, not fit for purpose, and required extensive manual intervention at closing times. OneSteel relied on external consulting resources to maintain the system. Furthermore the integration with separate applications for budgeting, forecast, and supplementary information was cumbersome. Having recognised that the existing system needed significant changes Taysols was engaged to assist OneSteel move towards a best practice reporting solution.
The approach of choice was a collaborative one where Taysols and OneSteel resources worked hand in hand to deliver the requirement specifications, design, development, and testing of the solution; an approach that maximised the effectiveness of skills transfer and allowed OneSteel to re-gain their ability to maintain the system in-house. The automation of uploads from the general ledger and deployment of a Citrix environment greatly improved data integrity and added to the desired outcome of a greatly simplified financial consolidation and reporting system.
"Taysols engaged our staff from day one and involved each team member in building a best practice solution. Very early in the process users developed a sense of ownership in the new system, which made the deployment and acceptance of the solution a very simple exercise" Kristine Freedman, Group Management Accountant.