about us

Being former finance directors, we have been around finance teams for years, so we understand the challenges that you, your team and business face. We provide a structured project plan for delivery and will work with you to achieve this plan. Our approach is hands on, and we love to get into the details with you throughout the project to get ahead of potential issues and project bottlenecks.

We have a wealth of systems knowledge and work with a best-in-class partner network for any more complex issues. Where we differ from other implementation partners is that you will be dealing with directors throughout the project who are happy to take the time to make sure processes work for your business and any issues are root caused and resolved.

Our Team

coming soon !!

Lorem ipsum

Lorem ipsumre

Eoin is a chartered accountant and former finance director. He has worked in transformation roles across a range of industries ranging from PE funded startups to global PLCs. He is a PRINCE certified project manager.

Lorem ipsum

Lorem ipsumre

Eoin is a chartered accountant and former finance director. He has worked in transformation roles across a range of industries ranging from PE funded startups to global PLCs. He is a PRINCE certified project manager.

Lorem ipsum

Lorem ipsumre

Eoin is a chartered accountant and former finance director. He has worked in transformation roles across a range of industries ranging from PE funded startups to global PLCs. He is a PRINCE certified project manager.

our partners

Case Studies

WiredScore is a real estate technology business, defining and certifying digital connectivity and smart technology in homes and offices globally. As part of its global upscale strategy the business decided to invest in NetSuite. We helped them with the implementation, coordination and migration of data from QuickBooks to NetSuite helping and supporting at each step of the process. The system was live and fully operational within 5 months

Challenges

Every implementation has its unique challenges and this job was no different. The main challenges we encountered were:

1

Some key finance team members left the business during the implementation. In addition, other high priority projects diverted senior management attention from the NetSuite implementation.

2

A Salesforce reengineering project which ran concurrently to the NetSuite implementation made defining future proofed revenue processes challenging and required significant collaboration.

3

There were some issues with QuickBooks and Salesforce source data which required a remedial strategy to maintain data integrity and not impact go-live.

benefits

NetSuite gave the business numbers benefits over QuickBooks:
NetSuite allows the business to use 1 login as opposed to 6 for individual entities in QuickBooks. This allowed the team to save time running consolidated reports, investigating differences, data being aligned etc.
Automated consolidations can be run with the click of a button in NetSuite as opposed to manual risky spreadsheet-based consolidations.
Streamlined reporting can be generated directly from NetSuite again saving lots of workhours when creating and running reports. Reporting from NetSuite is better more reliable and easier to generate.
“Eoin and Coras did a great job managing the migration from QuickBooks to NetSuite at WiredScore. He coordinated the entire project and was able to deliver with minimal involvement from business leadership during critical project stages. He was very helpful and easy to get on with throughout. We would definitely hire Coras to run any finance systems projects for us in future.”

– Neem Cassidy (Head of Finance)

Dentsu International is one of the largest global marketing and advertising agency networks in the world. We supported the UK finance team merging its UK Creative business by leading a program align systems and processes across 9 legacy brands. The program contained 3 primary workstreams:

ERP Migrations – With 9 legacy brands the business had an ERP footprint at various stages of integration. We helped to develop and implement an ERP strategy to get all brands onto the same stack. As Creative agencies the business was heavily project focused so this was key to all decisions.

Concur Roll Out – The business had contracted with SAP Concur expense so we coordinated workstreams making sure it was rolled out across all legacy brands. As a complication Concur Pay was decommissioned during the rollout.

Revenue Recognition + Forecasting – We devised a new revenue recognition process and rolled this out across all brands using the ERP and SAP Analytics Cloud.

Challenges

Every implementation has its unique challenges and this job was no different. The main challenges we encountered were:

1

The initial issue we had was selecting the key areas to focus on that were acting as barriers to integrating the businesses and would provide maximum return on investment.

2

There were numerous integration streams and committees at various levels of the business. One challenge was plugging into these at the correct levels to establish common goals and workplans.

3

We picked up the workstreams at varying degrees of integration which required some deliberation and strategising about the best way to move forward.

benefits

The program achieved many benefits for the business:
The ERP migrations aligned the ERP instances allowing for common reporting, easier processing and improved processes throughout the organisation.
Rolling out Concur for all entities created a unified process for claiming and processing expenses. This increased control, simplified ERP migration and facilitated centralised processing.
A unified revenue recognition process allowed for easier and centralised revenue recognition. The use of ERP for rev rec improved visibility and control over revenue recognition whilst also making revenue forecasting easier.
“Coras did a great job managing multiple workstreams as part of our brand simplification project. From developing a project plan across numerous workstreams, to identifying SMEs and ensuring delivery and targets were achieved, they drove the project on at each step. Eoin is a proactive, self-starter able to co-ordinate workstreams or roll up his sleeves to get deliverables over the line as required.”

– Rob Wall (Head of Finance)

As part of the Tesco Global Finance Transformation Programme the business moved to a new Financial ERP system. After the successful deployment of a new primary ledger (Oracle Fusion), the project team underwent the redesign, implementation, testing and migration of data to a new consolidation and reporting system. The system deployed was Hyperion Financial Management.

• Full Metadata redesign – this included a new chart of accounts, new custom fields and supporting rules and validations• Source ledger remapping – new metadata required a remapping from numerous source ledgers

• Data cleansing – data cleansing was required in source ledgers at BU level to ensure BU’s could pass new rules and validation checks

• User Acceptance Testing – several rounds of UAT were co-ordinated globally across all BUs

• Data Migration – All historic data was mapped and migrated to the new system

Challenges

The main challenges faced by the project team were:

1

Scale – the new system was implemented simultaneously across 27 business units, spanning numerous countries and three continents.

2

Complex accounting – At an organisation like Tesco we encountered a broad range of corporate activity, financing, investing and other complex accounting issues.

3

Source ledger variability – The business did not use a common source ledger across all business units. This had significant impact on the metadata design and source ledger mapping

4

Business availability – a challenging work schedule meant we were able to have limited input from the business throughout the implementation

5

Covid19 – Covid19 forced the entire project team to work from home in the vital time leading up to go live

benefits

The benefit seen at Tesco as a result of these changes was:
Improved Control – The overarching benefit of the new structure was to increase financial controls and to increase the accuracy and reliability of data reported in HFM.
Easier reporting – Business review files were revised making reporting especially around cashflow more straightforward. The metadata changes allow for easier interpretation of the business’ financial data.
Ease of accounting – the new system makes the monthly accounts close process easier. Less journals will be required by users who will have more time to focus on fixes at source.
Improved source ledger data quality – as part of the testing we have identified issues with source ledger data and worked with BUs to improve source ledger data quality.

contact us

Name

london office

307 Euston Road
London, NW1 3AD

Manchester office

Peter House, Oxford Street
Manchester, M1 5AN

quick links

connect with us

Twitter Linkedin-in

© Coras Consulting

2024 Terms and Conditions Privacy Notice