The Challenge
The company needed to report key financial information regularly to the ASX, with data generated and processed in different financial systems across the group. Accessing and reconciling data for financial reporting relied on manual processes and data transfer between systems that were slow and error-prone, posing a risk to data integrity.
As part of a larger program to automate and improve this process, the company automated transactions within and between these various financial systems using AWS services. However, business users had to rely on IT support to execute and monitor processes in AWS, causing delays in the financial reporting process.
The Solution
The TRACE application allows users to initiate, monitor and report on AWS services in real-time, without requiring IT support. Via dashboards users can view the progress of tasks and identify errors, allowing them to self-serve to rectify issues.
Results
- Finance team can self-serve and get accurate data in real-time, avoiding delays
- AWS services combined with the application, gives high-quality, real-time data for financial reporting
- Finance users have full visibility of tasks and errors running in AWS
- IT support resources reduced by automation and self-service
- Improved monitoring, traceability and governance of financial reporting
