Our team worked diligently with the client to understand their current state processes, by visiting multiple client sites and examining ERP data to determine the frequency of SOX non-compliance. This exercise allowed us to determine the areas with the highest financial risk and the necessary performance enhancement opportunities to reduce short-term financial risks The following initiatives were implemented:
- Improved process execution by designing and executing training programs for the company’s ERP system
- Reduced SOX compliance risks by creating standard process documents and accountabilities across the company’s leadership team
- Increased productivity by using Lean approaches to eliminate, automate or redesign manual processes
The client implemented these opportunities and continued to grow within the Canadian market.