Coca Cola Business Plan

Coca Cola Business Plan-79
Additionally, regions determined the frequency of reconciliations, who was involved, and training materials,” said Eamonn Matthews, business process lead – accounting & reporting, The Coca-Cola Company.This regional approach to the financial close ensured there was little to no standardization—and zero access to “big picture” analytics throughout the close.The Coca-Cola Company serves up 1.9 billion servings of its products per day, according to the company's own website.

Additionally, regions determined the frequency of reconciliations, who was involved, and training materials,” said Eamonn Matthews, business process lead – accounting & reporting, The Coca-Cola Company.This regional approach to the financial close ensured there was little to no standardization—and zero access to “big picture” analytics throughout the close.The Coca-Cola Company serves up 1.9 billion servings of its products per day, according to the company's own website.

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Reduced the number of employees involved in manual and routine reconciliation by 55%, increased productivity by reassigning workforce to focus on discrepancies and analysis, saved $0.6 million per year, improved controls and standardized reconciliation, increased client satisfaction, gained global transparency of the entire reconciliation process.

In late 2013, the company began reviewing its existing balance sheet reconciliation process and tools.

You must enter your full name, business name, business type, detailed contact information and best time to call.

After filling out your request online, you should receive a call from a Coca-Cola representative within three business days.

The Coca-Cola Company website has pages of information outlining the company's history, vision, ethics, marketing methods and latest news.

When inquiring to become a Coca-Cola retailer, it can help you to familiarize yourself with how the company operates and help you research the various products offered to determine the best options for your business.“Improving our balance sheet reconciliations was our pilot program.” The company began its search for a cloud-based, globally accessible reconciliation solution by stipulating certain nonnegotiable features for any new system: auto-certification, administration rules and auto alerts, enhanced reporting and analytics, and real-time dashboards.While Eamonn and his team reviewed numerous vendors, they partnered with Black Line.The company’s portfolio also features 20 billion-dollar brands, distributed in more than 200 countries and enjoyed by consumers at the rate of 1.9 billion servings a day.The Global Finance Operations Division (GFO) of The Coca-Cola Company manages more than 50,000 GL accounts.Yet multiple systems and approaches to the reconciliation process created serious challenges for the global company.“For reconciliations, each region was allowed to determine what type of supporting documentation and technology they would use, from hard copies to Lotus Notes to the SAP ERP.The process was also time consuming, with more than 800 associates spending 14,000 hours a month on reconciliations alone.“Every region created and collected its own metrics and maintained the administration and change management of its particular part of the technology,” said Eamonn.They were absolutely brilliant.” Prior to rolling out the Black Line platform, the company created a global business process lead role.“Historically, we would have allowed each region to customize the technology to its local needs,” said Eamonn.

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