Category: Due diligence

Canon Information Systems and Research Australia

Finance Transformation

2008 – 2010

This Canon research center completes imaging research projects for Canon group companies.

Background: CiSRA competes for work with Canon research laboratories around the world.

Robust project management is key to enabling projects to be completed at a competitive price.

Project management is dependent on the leadership team having accurate and timely reporting on project progress, and attributed costs, to enable the most effective use of resources

Project: Review month end reporting.

Lead transformation of the finance function, to enhance financial control and reporting.

Results: Completed review.

Implemented IProc online purchasing

Developed a methodology to integrat a research company GL with a sales company GL.

Alignment of General Ledgers enabled moving CiSRA accounting and reporting from Navision/TM1 into the Canon shared services Oracle/TM1 environment.

Mentored the finance group to work as partners to project managers, communicating project progress, reconciliation to expenditure and revenue recognition per accounting standards.

Reduced month end process to two days for collation and reporting for 50 research projects and CiSRA.

Liaised with external advisors  for audit, transfer pricing and R&D grants leading to significant cost savings.

Social Impact Innovation