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Our Fortune 500 Oil & Gas client was in negotiations with a competitor regarding a potential acquisition and merger. It was important that the client’s financial data be mapped to the acquiring company’s metadata structure prior to the merger.
A Fortune 500 industry leader and ongoing client positioned for acquisition.
The Paradigm SES team’s previous knowledge of the client data, as well as additional review in the due diligence stage, allowed them to identify data issues that generated from the SAP source system. For example, billing documents were being coded to the incorrect product line. Additionally, the product lines were not separately defined on invoices. Thus, there was no accurate process for determining which products had been sold.
Software Solutions used in this project include:
This project was successfully completed on time and within budget.
This project was successfully completed on time and within budget. In less than 4 weeks the data was scrubbed, a process which narrowed the dataset from 185 fields to 95. Once the data was cleaned, Paradigm SES was able to move forward with the full integration of financial data and the replication of forecasting and profitability cost management allocation processes in alignment with the acquiring company’s models.
“An organization of our size depends heavily on the talent and deep technical knowledge of subject matter experts and consultants. Often, that means dedicating a significant part of the day to extensive status updates, a practice which can be costly to our company while also tying up important resources in redundant meetings of little value. I have an appreciation for Paradigm SES and their approach to this problem. They simply become part of our team, and our ongoing, daily interaction with them eliminates the need for formal meetings. This helps keep us all on track with our timelines and budgets.”