Case Studies

Challenge:
The Johnsson Group was engaged by the Director of Accounting Policy of a $3.5 billion telecommunications company to design and develop a new executive level monthly financial report and a process for its implementation. A voluminous financial report was issued by the client’s department to senior executives every month, and it was understood that there were many other executive level financial reports issued by other finance departments as well. The client was seeking to increase the value of information that her department provided to executives while providing it in a significantly more concise format. As part of the exercise, the client was also looking to reduce the two weeks of elapsed time required to issue the report.

The Bottom Line:
The Johnsson Group conducted an inventory of all executive level reports issued by all finance departments within the client company and found more than 80 different reports containing more than 500 pages of information that were distributed to executives on a monthly basis. The Johnsson Group then performed an analysis which revealed the amount of redundant information, process overlaps, and time that could be redeployed to higher value activities associated with this monthly effort. In the end, The Johnsson Group developed a seven page monthly report which would replace the existing report issued by the client’s department, resulting in production time savings of eight business days. Recommendations were also made which would eliminate the redundancy and process overlaps associated with the other finance departments, conservatively adding an additional four business days of time savings.

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