One Source of Truth for Finance in 110 Countries

In a global business environment, Finance, Planning and Analysis (FP&A) functions need accurate, timely and integrated data to support strategic decision-making. Organizations operating across multiple geographies face data fragmentation, inconsistent reporting and inefficient forecasting processes. 

To address these challenges, a leading multinational client set out to implement a comprehensive Group Performance Management (EPM) system, giving it a unified source of truth for finance and performance data across all business units and regions.

The group aimed to: 

• Centralize financial and performance data across 110 countries and multiple ERPs. 
• Provide a single source of truth for reporting, forecasting and analysis. 
• Enable accurate monthly forecasts, using AI to improve predictability. 
• Extend reporting capabilities to both finance and non-finance functions. 
• Integrate with existing systems and business processes while scaling globally. 

Sia was instrumental in implementing the group's Group Performance Management tool (EPM) and in transforming the FP&A function: 

• Global deployment: the platform was deployed in 110 countries and used by 1,500 controllers, as the single source of truth for finance and performance data. 
• ERP integration: the platform was integrated with 15 ERPs, providing comprehensive reporting across business units, including Management P&L, Off Balance Sheet, Cash Flow and CAPEX. 
• AI-driven forecasting: the platform used AI to produce accurate monthly forecasts. 
• Data lake integration: data from the ERPs was integrated into a cloud data lake, enhancing reporting across finance and non-finance functions. 
• Process transformation: standardizing FP&A workflows, reporting structures and performance management processes across regions. 

The engagement gave the group a single source of truth for finance and performance data across 110 countries, integrated reporting spanning multiple ERPs, business units and geographies, and AI-enabled monthly forecasting. It provided a foundation for the continued modernization of FP&A and for data-driven performance management. 

By combining finance expertise, deep knowledge of performance management systems and an appetite for AI and data, Sia helps global groups turn FP&A into a strategic, data-driven function.