Focus Management Group

Banking Industry Experience

Integration of Multiple Financial Services Divisions for Fortune 100 Bank

Company:

Fortune 100 Bank

Situation:

Focus was engaged to integrate the processes of 7 international divisions of a bank into a single company.

Focus Scope:

Focus Management Group was engaged to integrate the accounting systems and processes (Ledgers, AP, AR, Fixed Assets and Capital Projects) of the 7 operating divisions around the world into a single Financial Services company. The transactions totaled $600 billion monthly.

Tasks Performed:

Created the integration strategy.
Strategically designed the integrated application environment.
Architected the hardware platform including the management, monitoring, data storage rollups and geographical fail-over.
Created the staffing model of 300+ accountants and IT support personnel.
Authored and executed the 4,000+ task Implementation Plan.

Results:

The new division was fully staffed in 4 and a half months.
Monthly closings were successfully integrated and transitioned from around the world in just 5 months.
An annual closing was successfully executed at month 7, which was 5 months ahead of schedule.
With the integration complete, the bank merger was initiated 4 months ahead of schedule.

View All Case Studies →

Articles

Agriculture’s Reaction to the Trade Discussions

The recent discussions surrounding tariffs on corn, soybeans, cotton, beef and pork are increasing turmoil in...

Read Full Story

Press

Focus Management Group Completes Its Role as Receiver for Campus Book Rentals

Chicago, IL, August 3, 2017 – Focus Management Group (FMG) was appointed receiver of Campus Book Rentals on...

Read Full Story