Case Studies
Offshore Bank: Finance Transformation
Client contact: Managing Director and Finance Director
Parkwell staff: 7 senior consultants
Objectives and project background
Parkwell was engaged to restructure the finance function so that it would be better able to meet the requirements of the business.
Deliverables
Deliverables were as follows: new general ledger, new reconciliation and planning system, redesigned organisational structure and new business procedures.
Anticipated Benefits
The project would enable a reduction in operating costs and significantly improved management information.
Critical Success Factors
The main critical success factor was to configure a new general ledger architecture so that the new general ledger would fit in with the existing banking and treasury systems and produce the necessary management information to run the business.
Project Conclusion
The project was concluded satisfactorily, going live on time. Parkwell has been engaged for a number of other assignments with this client.