This company serves as a third-party logistics provider for military and commercial cargo handling and aerial delivery systems.
Challenge
The company had been using Oracle EBS for several years and was unhappy with their current Systems Integrator. In addition to over $600,000 in unreconciled Purchase Order (PO) accruals, they had un-costed inventory transactions and were unsure of the proper order to close the books.
Solution
Creoal Consulting was asked to perform an applications health check to identify applications setup and usage issues to help resolve the PO and inventory issues.
Benefits
Creoal identified incorrect system configurations resulting in bad reconciliation data. Creoal reconciled the accrual and inventory accounts, turning what was a planned $600,000 write off into a $7,400 write off for savings of $592,000.