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  • Leading Consulting Solutions Provider Transforms Global Finance Processes

Leading Consulting Solutions Provider Transforms Global Finance Processes

HSO worked with this firm to implement Microsoft Dynamics 365 + consulting360 as their new global ERP platform to manage key global accounting, project and contract management, and financial management processes.

Company overview

When today’s leading automotive, healthcare, and retail organizations need to solve difficult challenges related to increasing market share, optimizing distribution networks, and maximizing client engagement, this organization comes to the rescue.

This firm provides expert consulting services backed by cutting edge data science to help their clients grow revenues, improve profitability, and increase customer loyalty. The organization has over 900 employees in nearly 20 worldwide offices.

International growth drives the need for more control

The firm had historically used a popular mid-market ERP platform that was not designed to meet the needs of larger multi-national organizations and was not built with the needs of professional services organization in mind. This led to several manual processes and disconnected spreadsheets that were used to manage client contracts, billing, and global financial reporting processes.

In addition, changes to global revenue recognition and compliance standards, such as ASC 606 and IFRS 15, required the firm to implement new measures to improve financial controls. As a result, this organization embarked on an ERP replacement project to find a platform that would improve controls and visibility across their global business.

A proven, next-generation global business platform

HSO worked with the firm to implement the Microsoft Dynamics 365 + consulting360. The cloud-based ERP platform leverages the best of the Microsoft cloud to drive productivity and insights throughout your organization.

Dynamics 365 is now used to manage the organization’s global financial management practices, as well as key project and contract accounting, billing, and revenue management processes. HSO’s consulting360 solution extends native Dynamics 365 capabilities to provide a best-in-class cloud ERP platform for consulting firms.

The Results

Through the implementation of Microsoft Dynamics 365 + consulting, the firm has been able to:
  • 1

    Streamline and standardize global financial management practices and controls

  • 2

    Improve the financial and operational management of client-facing contracts and projects to support decision making throughout the client engagement and solution delivery lifecycle

  • 3

    Enable and support the finance needs of the organization’s global offices

  • 4

    Accelerate the financial close process to provide more timely information to key stakeholder across the business

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