Our client, a global logistics company, had recently acquired and integrated dozens of businesses. There was a need to ensure all key accounts (and sub accounts) were reconciled back to beginning balances across these entities. Many of the entities were operating on legacy systems which complicated the reconciliations.
Our Solution
Orion Solutions provided a team of highly experienced CPAs who each took on accounts where they had prior experience. The team was led by an Orion Solutions project manager who worked closely with the client leader to allocate workloads, manage timelines, and stay on budget. All accounts were reconciled to their beginning balances and then rolled forward each month until being handed off, with work instructions, to the client’s personnel. Where requested, our team provided training during the handoff, including doing parallel reconciliations to verify that the client’s team was ready to go.
Client Outcome
The team successfully reconciled hundreds of accounts and subledger accounts, recommended ongoing process improvements, worked with third party providers (such as with payroll) to update reports needed for the reconciliations and left the client’s team of accountants trained to prepare the reconciliations on an ongoing basis.
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