A large chemical manufacturer required assistance with the reconciliation of its inventory and accounts receivable modules in an ERP environment. The assignment required that Relevante’s professionals reconcile line by line all sales for a 5 month period ending December 2004.

Relevante’s professionals reviewed the entire sales data of the company to find numerous discrepancies between the physical stock and the consigned stock on various days of the review. This indicated severe control lapses within the organization which were immediately brought to the notice of the top management of the company.

Relevante’s professionals reconciled all related account balances and also drafted a procedure document for the reconciliations which has been adopted across the company.