A retail and distribution company's 40-person finance team eliminates roughly three weeks of close-related overtime per quarter after deploying PayConnect.
Month-end close at this retail and distribution company routinely required close to three weeks of overtime from its 40-person finance team. Manual reconciliation and consolidation tasks piled up in the final days of the close, forcing late nights and weekend work every quarter.
The overtime burden was contributing to rising attrition on the finance team and made it difficult to plan close-period staffing with any predictability.
PayConnect was deployed on top of the company's existing SAP ECC environment, automating the reconciliation and close-task work that had previously consumed the most overtime hours.
Within two quarters of go-live, close-related overtime had dropped to zero.
See how PayConnect can cut your close cycle and eliminate manual reconciliation in a 30-minute demo.
The finance team is now rolling out PayConnect's close task management to two additional regional business units.
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