Kantata Webinars

Mastering Margins and Month-End: How to Perfect Your Recipe for Operational Success

Are your month-end processes fraught with last-minute reconciliations and unexpected variances? If so, you’re not alone - according to new research, 46% of professional services leaders say that difficulty closing the books on a monthly basis in a timely manner is having a significant impact on their organization.

SEPTEMBER 25, 2024 AT 11AM EST

Things You’ll Learn

Discover the key factors affecting project-level margins and how to manage them
Understand the significance of closing financial periods and its impact on forecasting accuracy, particularly when dealing with fluctuating FX rates
Explore actionable strategies to document and avoid common operational pitfalls
Learn about key processes like ‘What-If’ Modeling that drive margin and forecast accuracy
Gain insights into building a recipe for consistent operational success

Abstract

In this webinar, learn how Scott Logic, a leading software consultancy, transformed their financial operations through a deeper understanding of project-level margins and the crucial role of disciplined period management, especially in a multi-currency environment. Join Phil Pounder, Operations Manager at Scott Logic, and Lucy Butterton, VP Product Management at Kantata, as they share practical insights and lessons learned from Scott Logic’s journey. Phil will highlight how Scott Logic documented and optimized processes to eliminate recurring mistakes, manage FX variances, and leverage automation to improve forecasting accuracy, which has led to better margin performance, smoother month-ends, and more precise financial forecasting. By treating each project and month-end as a learning opportunity, Scott Logic has honed their practices to achieve a well-oiled operational machine, equipped to handle the complexities that come with operating at a global scale.