Enhancing CFO Visibility Across Multi-Entity Healthcare Operations

Bank reconciliations, credit card reconciliations, and month-end closing activities were delayed across multiple entities and accounts.

P&L statements, balance sheets, and trial balances contained discrepancies due to incorrect coding, unsupported balances, and unreconciled accounts.

Standard operating procedures, review mechanisms, and supporting schedules were not structured consistently across accounting operations.

The CFO was heavily involved in operational accounting reviews, limiting time available for strategic planning and leadership activities.

Differences existed across intercompany balances, AP and AR ledgers, payroll reconciliations, and fixed asset schedules.

Tasks, reviews, and follow-ups lacked structured ownership, impacting accuracy, consistency, and turnaround timelines.

Established structured month-end close and reconciliation processes across 75 bank accounts, 28 credit cards, and 32 entities, improving accuracy, consistency, and reporting readiness.

Implemented structured monthly and quarterly financial reviews, providing leadership with greater visibility into financial performance, balance sheet integrity, and entity-level results.

Developed SOPs, review checklists, supporting schedules, and documentation standards to improve accountability, strengthen controls, and standardize accounting operations.

Resolved discrepancies across intercompany balances, AP and AR ledgers, payroll tax accounts, fixed assets, and trial balances to improve the reliability of financial information.

Defined clear responsibilities, streamlined workflows, and improved coordination between teams, enabling more efficient execution of accounting and finance processes.

Supported budgeting, forecasting, FloQast close management, and financial analysis, enabling the CFO to focus on decision-making, strategic initiatives, and business growth.