Problem:
The current accounting process has slowed and increased workload with a new banking regulation for increased scrutiny on the horizon, Commercial Builders required a new efficient and effective accounting system.
Solution
Develop an E2E operational assessment and implement Kaizen Rapid Execution.
Results
- 67% reduction in E2E accounting processes; 151 STEPS to 51 steps
- Total AP/AR cycle time reduced by 52%, 14.5 days to 7
- This operation took 1 week.
