Accounting Schema, Data Validation, Resource Management, EVO Support
SPIRIT BEHAVIOURS
Get it Done Together, Create the Future
Vantage de-consolidation created the requirement for accounting more than 31K lease contracts in our IFRS books within a month. We formed a team to manage all aspects of accounting and coordinated the operational matters for better compliance. As a result of this effort, we accurately reported the Asset and Lease liabilities numbers in the Fiscal year end of 2023 for all the contracts.
Challenges and Solutions
Challenges
We managed CTIL contracts outside of the UK books, and due to Vantage de-consolidation, it was necessary to account for more than 31K lease contracts in our IFRS books within one month.
Solutions
We formed a team to work on various elements of the accounting requirements – Accounting Schema, Data validation, resource management, EVO support, etc. They coordinated to decide operational matters into meaningful actions.
Value and Impact
0
Ensured that ROU Asset and Lease liabilities numbers were reported accurately.
Our commitment to customer care extends to ensuring a seamless experience when managing invoices and taxes. We understand the importance of these financial aspects and strive to simplify and facilitate the process for our valued customers.
Process Backlog Monitoring Tool, Service Controlling
We developed our process backlog monitoring tool to ensure accurate reporting of financials. Before that, we tracked and maintained these backlogs of unprocessed items through PPT. Now, the new automation tool helps manage backlogs in a better-structured format, providing the benefits of seamless governance, accurate financial reporting, and a more presentable visualized summary.