Case Study
Case Study: How PwC Reduced Asset Reconciliation from 20 Days to 2 Days with Enhanced Compliance and Governance
ITSM Services Integration
PwC, a global leader in professional services, faced a significant challenge with its asset management due to its vast distribution across 157 countries and 742 locations. The end of every financial year marked a cumbersome process of asset reconciliation, heavily reliant on SAP for managing their global enterprise. While SAP is renowned for its capabilities, it incurs considerable costs in licenses and management, particularly for an organization of PwC’s scale.
Solution
To streamline and optimize this process, PwC turned to ezAtlas for a more efficient solution. ezAtlas offered a P2P and Asset Management product that promised not only to reduce costs but also to enhance the efficiency of asset management operations.
The deployment began with a comprehensive wall-to-wall physical verification across all locations, aimed at achieving accurate asset reconciliation. This extensive initial step was critical in ensuring that the subsequent processes could be executed more swiftly and effectively
Outcome
The results were remarkable. What previously took 20 days to complete was now accomplished in just two days. This dramatic reduction in time was accompanied by stringent compliance and governance throughout the asset procurement to disposal process, aligning with PwC’s high standards for operational excellence and regulatory adherence.
By integrating ezAtlas’s solutions, PwC not only achieved significant time savings but also enhanced the compliance and governance of its asset management processes, setting a new benchmark in the industry.
