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Johnson & Johnson – J&J
J&J required the reengineering of their General Ledger Reconciliation process to achieve full automation and ensure timely completion.
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Background
The General Ledger Reconciliation process at J&J had been inefficient, slow, and required excessive manual interventions. As the company had been experiencing exponential growth over the last decade, the existing process became inadequate and needed to be overhauled to meet the new demands. One significant challenge was the necessity to complete the reconciliation and audit on a daily basis.
Challenges
The primary challenge was to automate the General Ledger Reconciliation process to improve efficiency and accuracy. J&J needed a solution that could handle large volumes of data daily, minimize manual interventions, and ensure timely completion of reconciliations and audits.
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Solution
As a Senior Consultant, we played a pivotal role in directing the development and implementation of key enhancements to the General Ledger Reconciliation process, which included:
data extractors
Developing multiple data extractors: Using a custom multithreading framework for parallel processing, we maximized the use of available computing and memory resources.
SAP ABAP Stack and JAVA Stack
Implementing the solution with SAP ABAP Stack and JAVA Stack: These technologies were utilized to develop the solution, following the Rapid Prototyping development methodology to ensure quick and efficient deployment.
Automating tasks
Automating manual tasks: The process was overhauled to reduce the need for manual interventions, thereby decreasing the potential for human error.
Enhancing capabilities
Enhancing daily reconciliation and audit capabilities: The new system enabled J&J to complete their reconciliations and audits on a daily basis, meeting the company’s operational requirements.
