Cornerstone Consultants led the automation of a consolidated monthly financial reporting package. Prior to this, the accounting team spent several days per month manually building and linking excel files to consolidate the month end P&L and Balance Sheet reports for five entities, which was inefficient and fraught with errors. Addam utilized Jet Reporting, integrated with MS Dynamics GL to design and create a dynamic reporting package based on re-organized source data. He trained and transitioned the reporting to the accounting and FP&A teams who embraced the tools and were then able to grow the analytic reporting ability to include various ad-hoc reports and budget uploads. It was a huge gain in accuracy and efficiency and systematized a key risk point for the company.
In addition, Cornerstone Consultants led the planning and implementation of financial integration of an acquired brand carve-out in under 90 days to include proforma historical P&L, transactional level sales, and AR/AP detailed transactions. With Addam providing leadership for the systematic financial integration, the accounting staff was able to focus on onboarding new vendors and servicing the new customers, which resulted in a seamless overall integration in 90 days.
Melissa Carter, CFO - Consumer Products Company
We are thrilled to express our utmost gratitude to Cornerstone Consultants, LLC for their exceptional assistance in implementing NetSuite for financial consolidation and various other FP&A tools at our firm. Their expertise and dedication have been nothing short of transformative; originally our financial consolidation was manual in Excel, but with Cornerstone’s expertise and assistance, we were able to automate and reduce our close time by three to four days.
From the very beginning, Cornerstone demonstrated an in-depth understanding of our needs and provided tailored solutions that significantly enhanced our financial processes. Their meticulous attention to detail ensured a seamless integration of NetSuite, which has streamlined our financial consolidation, reporting, and planning activities.
The impact of their work has been profound. We now have more accurate and timely financial insights, enabling us to make better-informed decisions. The efficiency gains and improved data accuracy have been invaluable, saving us both time and resources.
Moreover, Cornerstone's proactive approach and continuous support throughout the implementation process have been commendable. They were always available to address any concerns and provided thorough training to ensure our team was well-equipped to utilize the new system effectively. In summary, Cornerstone has been a pivotal partner in our journey toward enhanced financial management. Their professionalism, expertise, and unwavering commitment to our success have exceeded our expectations. We highly recommend Cornerstone to any organization seeking to elevate their financial processes with NetSuite and FP&A tools.
Thank you, Cornerstone, for your outstanding contributions!
Pavan G. Sriprasad, VP of Finance - Fortis Solutions Group
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