Case Studies

Upon their acquisition of another company in late 2010, the customer needed to change the newly acquired company’s calendar periods to make them in-line with their own for financial reporting purposes. Because the date of the actual acquiring transaction was not initially known, the parent company was on a very tight schedule and required a flexible solution that was capable of making transaction-level changes to the acquired company’s EBS system quickly and on-demand.

They needed to change their November 2010 period to extend until December 7 and create a short period for December. Their financial transactions from 12/8 through 12/31 were to be reported separately for consolidation into the parent company’s 2010 financials.