Heavy Equipment Distributor Finance Transformation Case Study

This case study details the intervention by Armanino, a consulting firm, to assist a leading heavy equipment distribution network in the United States facing financial chaos due to rapid growth and multiple mergers. The document outlines the challenges the company faced, including a leadership vacuum in finance and inefficient bank reconciliation processes, which were exacerbated by the existence of numerous separate bank accounts. Armanino provided an interim controller to stabilize the finance team and implemented robotic process automation (RPA) to streamline the monthly closing process. The results included a significant reduction in manual labor, cutting down the monthly close from 15 days to just 4 days, and saving an average of 14 hours of manual work each month. The case study emphasizes the importance of having a trusted partner during periods of transformation and highlights the positive outcomes achieved through effective collaboration and automation.