1. The Challenge A major multinational corporation faced a massive backlog of reconciliation items aged over 90 days within its global finance function. This accumulation was significantly increasing financial reporting risks and leading to persistent audit concerns.

Case Study: USD 150M Global Financial Cleanup

2. The System (Our Approach) We designed and led a robust Governance Program to tackle the root causes and restore financial integrity:

• Diagnostic: Identified the underlying process gaps causing the backlog.

• Standardization: Developed and implemented new Standard Operating Procedures (SOPs) and tightened month-end controls.

• Acceleration: Established a structured clear-down framework to fast-track the settlement of aged open items.

3. The Impact

• Successfully cleared over USD 150 Million in aged reconciliation items.

• Completely eliminated financial reporting risks associated with the backlog.

• Restored month-end discipline and ensured 100% audit compliance.