IBM
Case Studies
Transforming Financial Reporting: A Case Study on Canadian National Railway Company
Overview
Transforming Financial Reporting: A Case Study on Canadian National Railway CompanyIBM |
Analytics & Modeling - Big Data Analytics Sensors - Level Sensors | |
Consumer Goods Finance & Insurance | |
Inventory Management Time Sensitive Networking | |
Operational Impact
The transformational project has significantly improved CN's financial reporting process. The new solution has made it easier for teams to collaborate on drafting and reviewing reports, and has given managers greater visibility across the entire disclosure management process. The solution has also shifted the focus of the accounting staff from low-value activities to more value-added tasks. With near real-time figures integrated directly from source systems into the final report documents, users spend less time manually sourcing and validating the data. This has resulted in shorter reporting cycles and a better work-life balance for accounting staff. The company is now well on its way to transforming its financial reporting close into a more controlled, automated, and efficient process. | |
Quantitative Benefit
Saves time on data collection and validation, allowing staff to focus on analysis | |
Boosts scalability to support increasing demand for a variety of reporting requirements | |
Increases collaboration and breaks down silos with new workflow and dashboards | |