Transforming Finance
Rapidly evolving foundational technologies like gen AI, machine learning, and predictive analytics will fundamentally shift how finance and accounting teams operate. How can finance leaders enhance resilience, simplify processes, and maximize efficiencies in accounting and financial reporting?
Prepare for what’s coming
Finance and risk management now
93%
of CFOs say the responsibility they’ve been entrusted with feels much greater than in the past
93%
of CFOs say the responsibility they’ve been entrusted with feels much greater than in the past
93%
of CFOs say the responsibility they’ve been entrusted with feels much greater than in the past
93%
of CFOs say the responsibility they’ve been entrusted with feels much greater than in the past
How to reinvent finance and risk management
Finance transformation is a strategic initiative to re-envision the finance function to align with the company strategy. Such transformations are often multi-faceted and consist of restructuring and implementing many aspects of the finance function. These changes revolutionize how a company manages its financial function and the associated processes, gains insights, and effects good internal controls and financial reporting. Solutionsthink helps clients in these transformative activities depicted to the right:
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Develop your transformational vision, goals, and priorities
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Document current state portfolio of capabilities
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Align portfolio of capabilities to vision, goals, and priorities
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Communicate your Transformation Roadmap
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Change management, target end state and metrics
HOW WE HELP CLIENTS
Plan
Timely compliance depends on prioritizing mission-critical activities. Tap into our IFRS 16/ASC 842 technical and project delivery experience, and develop the best approach to introducing the new leasing standards rapidly.
Review Agreements
Gathering and analyzing all leases and agreements with embedded lease elements can be daunting. We help create processes for lease abstraction including identifying embedded leases, and help implement a Lease Database & Reporting Engine which covers all lease data points affected by the new lease standard.
Assess Impacts
With industry-specific insights, we can help select practical expedients in classifying and measuring leased assets/liabilities, apply available exemptions, calculate your incremental borrowing rate, and estimate impacts on your financial statementsp, processes, controls and systems.
Process, Systems
We can advise on how to capture opportunities IFRS 16 /ASC 842 creates to streamline staff effort across many workstreams (e.g. real estate administration, fleet and equipment leasing, legal, finance, accounting and reporting). We can also help assess data quality, upgrade your systems, and introduce our Excel-based Lease Accounting Engine, or third-party cloud lease solutions.
Communicate
As independent technical accounting advisors, we can help develop your policies, judgments, and required IFRS 16 / ASC 842 adjustments - and draft your financial statement presentation and disclosures. In addition, we can help analyze the impacts of the new leasing standard on budgets, KPIs, bonuses, debt covenants, capital implications and financing strategies.
Sustainability
With industry-specific insights, we can help select practical expedients in classifying and measuring leased assets/liabilities, apply available exemptions, calculate your incremental borrowing rate, and estimate impacts on your financial statements, processes, controls and systems.
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How Did ABC Company Transform & Automate Balance Sheet Reconciliations with BlackLine?
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![]()
Post-Acquisition Accounting & Integration for a Leading Consumer Packaged Goods Company
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Beating the ERP Implementation Odds
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IFRS - A First-time Adopter's View
HOW WE HELP CLIENTS
Plan
Timely compliance depends on prioritizing mission-critical activities. Tap into our IFRS 16/ASC 842 technical and project delivery experience, and develop the best approach to introducing the new leasing standards rapidly.
Review Agreements
Gathering and analyzing all leases and agreements with embedded lease elements can be daunting. We help create processes for lease abstraction including identifying embedded leases, and help implement a Lease Database & Reporting Engine which covers all lease data points affected by the new lease standard.
Assess Impacts
With industry-specific insights, we can help select practical expedients in classifying and measuring leased assets/liabilities, apply available exemptions, calculate your incremental borrowing rate, and estimate impacts on your financial statementsp, processes, controls and systems.
Process, Systems
We can advise on how to capture opportunities IFRS 16 /ASC 842 creates to streamline staff effort across many workstreams (e.g. real estate administration, fleet and equipment leasing, legal, finance, accounting and reporting). We can also help assess data quality, upgrade your systems, and introduce our Excel-based Lease Accounting Engine, or third-party cloud lease solutions.
Communicate
As independent technical accounting advisors, we can help develop your policies, judgments, and required IFRS 16 / ASC 842 adjustments - and draft your financial statement presentation and disclosures. In addition, we can help analyze the impacts of the new leasing standard on budgets, KPIs, bonuses, debt covenants, capital implications and financing strategies.
Sustainability
With industry-specific insights, we can help select practical expedients in classifying and measuring leased assets/liabilities, apply available exemptions, calculate your incremental borrowing rate, and estimate impacts on your financial statements, processes, controls and systems.
Transforming Finance
Finance transformation is a strategic initiative to re-envision the finance function to align with the company strategy. Such transformations are often multi-faceted and consist of restructuring and implementing many aspects of the finance function. These changes revolutionize how a company manages its financial function and the associated processes, gains insights, and effects good internal controls and financial reporting. Solutionsthink helps clients in these transformative activities depicted below (select image to view in full screen):
INSIGHTS
Rapid adoption of international financial reporting standards and integrating the accounting and financial close for newly acquired company.
POST-ACQUISITION ACCOUNTING & INTEGRATION FOR A LEADING CONSUMER PACKAGED GOODS COMPANY
Technology project executions rank high on CFOs’ most worrisome risks and enterprise resource planning system (ERP) projects are among them. Surveys regularly show that a significant number of strategic ERP projects fail to deliver expected outcomes, are delayed and exceed budgets by a long shot. Given a mature ERP solutions market place and mostly competent ERP installers, why do organizations frequently stumble?
Adopting the new lease accounting standards
The new lease accounting standard, IFRS 16, and its US equivalent, ASC 842, require recognition of most operating leases in the balance sheet. Complexities of implementation extend beyond finance and accounting and into day-to-day operations. With a strong IFRS 16 and ASC 842 implementation background, we can help avoid pitfalls and expedite your transition efforts.
Plan
Timely compliance depends on prioritizing mission-critical activities. Tap into our IFRS 16/ASC 842 technical and project delivery experience, and develop the best approach to introducing the new leasing standards rapidly.
Review Agreements
Gathering and analyzing all leases and agreements with embedded lease elements can be daunting. We help create processes for lease abstraction including identifying embedded leases, and help implement a Lease Database & Reporting Engine which covers all lease data points affected by the new lease standard.
Assess Impacts
With industry-specific insights, we can help select practical expedients in classifying and measuring leased assets/liabilities, apply available exemptions, calculate your incremental borrowing rate, and estimate impacts on your financial statementsp, processes, controls and systems.
Process, Systems
We can advise on how to capture opportunities IFRS 16 /ASC 842 creates to streamline staff effort across many workstreams (e.g. real estate administration, fleet and equipment leasing, legal, finance, accounting and reporting). We can also help assess data quality, upgrade your systems, and introduce our Excel-based Lease Accounting Engine, or third-party cloud lease solutions.
Communicate
As independent technical accounting advisors, we can help develop your policies, judgments, and required IFRS 16 / ASC 842 adjustments - and draft your financial statement presentation and disclosures. In addition, we can help analyze the impacts of the new leasing standard on budgets, KPIs, bonuses, debt covenants, capital implications and financing strategies.
Sustainability
With industry-specific insights, we can help select practical expedients in classifying and measuring leased assets/liabilities, apply available exemptions, calculate your incremental borrowing rate, and estimate impacts on your financial statements, processes, controls and systems.
What is making Intercompany more difficult today?
Multinational entities find intercompany accounting to be a significant and complicated undertaking. Management often describes these processes as opaque and complex, and they can become even more complex when companies integrate acquired entities and adjust for emerging tax regulations and accounting rules. Companies rarely have time to develop a unified vision and establish focus and ownership to deal with these challenges. The emergence of shared services and Centers of Excellence has helped but also created new challenges. Despite efforts, top-tier ERP systems still lack a holistic and transparent solution for tracking and solving cross functional intercompany issues. This leaves companies with conventional approaches, such as elaborate spreadsheets and shared folders, to fill gaps in their ERP system solutions to get the job done.
Solutionsthink’s strategic approach aims to help corporate leaders in financial, tax, and treasury by architecting a step-change in intercompany financial management that goes beyond balancing intercompany and benefits the bottom line.
60%
OF MULTI-NATIONAL SAY INTERCOMPANY
VOLUME IS 5X REVENUE
Source: DimensionalResearch.com
Information Technology
SPECIALITY SOFTWARE DEPLOYMENT
BlackLine, High Radius, OneStream, SAP Concur, ReconNET, Workiva, Optrack, Solium, Treasury Software, and more.
Solutionsthink implements rapid turn-key software solutions that standardize and streamline finance. Our successful implementations include systems for revenue accounting, leases, stock options, reconciling bulk transactions, record-to-report automation, travel expenses reimbursement, financial consolidations and dashboards, and financial planning and forecasting.
STRATEGIC & COMPOSABLE ERP IMPLEMENTATION
Oracle R12 EBS Suite, S/4HANA, Dynamics AX, Dynamics Business Central, D365, NetSuite, Workday (bespoke Integrations).
We are vendor neutral. We help implement critical ERP and integrate with fit for purpose software and tap software potential to the fullest, avoid customizations, and achieve your transformation goals. We are ensure capabilities we establish are long lasting.
PROJECT MANAGEMENT
We manage software implementation projects strategically and ensure all stakeholders are aligned and work towards achieving your goals. Our hands on approach to managing change ensures go forward processes and controls are embedded, your teams are trained on best practices and changes are long-lasting after the launch.
SOFTWARE REMEDIATION
We are experts at correcting deep rooted implementation issues associated with prior (and legacy) ERP/software deployments. We set things right again without fanfare.
INSIGHTS
Technology project executions rank high on CFOs’ most worrisome risks and enterprise resource planning system (ERP) projects are among them. Surveys regularly show that a significant number of strategic ERP projects fail to deliver expected outcomes, are delayed and exceed budgets by a long shot. Given a mature ERP solutions market place and mostly competent ERP installers, why do organizations frequently stumble?
BEATING THE ERP IMPLEMENTATION ODDS
FORTHCOMING INSIGHTS
BlackLine Journals Automation & Integration with Workday (2023)
BlackLine Journals and Account Reconciliations Automation with SAP s4/HANA (2021)
BlackLine Reconciliations, Close Tasks, Journals, and Compliance Module Implementation & Integration with Dynamics Solomon (2020)
Leasing, A/R and Cash Collections System Remediation (2024)
Client Success Stories & Briefings
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Post-Acquisition Accounting & Integration for a Leading CPG Company
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Beating The ERP Implementation Odds
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Oracle E-Business Suite Migration in a Nutshell
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IFRS - A First-Time Adopter's View
Pradeep Shakespeare
Pradeep is the President of Solutionsthink Consultants Inc., a management consultancy he founded in 2003. He has more than 20 years of experience helping organizations achieve strategic, operational and regulatory mandates in Canadian and U.S. public and private companies. Pradeep has worked in a broad set of industries including automotive, financial services, telecommunications, cyber-security, home comfort, retail, forest products, real estate, aerospace, and mining.
Pradeep has a proven track record of driving transformational change in diverse areas such as IFRS adoption, finance function effectiveness, introducing mission-critical ERP and specialty software, and operational process re-engineering. Pradeep also helps management with business valuations, carve-out reporting, and post-merger integration services. Before forming Solutionsthink in 2003, he held senior management positions in Canadian retail public companies, where he led finance, corporate treasury and cash management, strategy formulation, high-profile technology projects, and operational accounting and supply chain initiatives.
Pradeep is a Chartered Professional Accountant (CPA, CMA), Chartered Management Accountant (ACMA), and a Chartered Global Management Accountant (CGMA). Pradeep holds a Master of Business Administration (MBA) from the Haskayne School of Business, University of Calgary, Alberta.
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