During the first few months as the new Chief Accounting Officer (CAO) of a global gas compression services company (the Company), the CAO unknowingly reported inaccurate financial reports to the Company’s key stakeholders. These financial reports were the result of heavily dependent ad hoc and inconsistent, manual procedures. Without the proper tools, the accounting department was burdened by a perpetual month-end close process, and, as a result, it did not have time to refine its processes and systems. Understanding this was unacceptable, the CAO engaged Opportune to streamline the existing reporting processes and build a solution to produce an accurate and consistent package of monthly financial reports on a monthly basis.
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During the first few months as the new Chief Accounting Officer (CAO) of a global gas compression services company (the Company), the CAO unknowingly reported inaccurate financial reports to the Company’s key stakeholders. These financial reports were the result of heavily dependent ad hoc and inconsistent, manual procedures. Without the proper tools, the accounting department was burdened by a perpetual month-end close process, and, as a result, it did not have time to refine its processes and systems. Understanding this was unacceptable, the CAO engaged Opportune to streamline the existing reporting processes and build a solution to produce an accurate and consistent package of monthly financial reports on a monthly basis.