Company: ACME Co.

Industry: Manufacturing & Distribution

Department: Finance & Accounting

Team Size: 8 people

Annual Revenue: $12M

Audit Date: January 2025

Current State Assessment

Team & Processes

• CFO + Controller + 6 Staff: Accounts Payable (2), Accounts Receivable (2), Payroll (1), Financial Analyst (1)
• Monthly Close Time: 12 business days
• Invoice Processing: 150-200 vendor invoices/month, all manual entry
• Customer Invoicing: 300+ customer invoices/month via QuickBooks
• Expense Reports: Paper-based system, 2-3 days processing time
• Financial Reporting: Excel-heavy, reports take 3-4 days to compile

Current Pain Points

• Late Payments: 35% of customer invoices paid after 45 days
• Data Entry Errors: 3-5% error rate requiring corrections
• Manual Reconciliation: Bank recs take 4 hours monthly per account (8 accounts)
• Expense Report Delays: Employees wait 2 weeks for reimbursement