A global manufacturing group with 14 legal entities and SAP ECC halves its close cycle in one quarter using PayConnect's automation platform.
This global manufacturer's month-end close took 12 working days — consuming the entire finance team across three continents. The process relied on 47 Excel-based reconciliation templates passed between teams via email. Version conflicts were common, and discrepancies discovered late cascaded into additional corrections that extended the close further.
Finance leadership was unable to provide the board with preliminary numbers until Day 12, putting pressure on quarterly board meetings and investor reporting timelines.
PayConnect was deployed across all 14 entities in 90 days. The implementation replaced the 47 Excel templates with PayConnect's close management and reconciliation platform, connected natively to SAP ECC via RFC.
Results measured after three consecutive close cycles post go-live:
See how PayConnect can cut your close cycle and eliminate manual reconciliation in a 30-minute demo.
Following the success of Phase 1, this manufacturer is now deploying PayConnect's SAP Cash Application module to automate AR matching -- targeting a further 40% reduction in accounts receivable processing time.
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