Case Study: a Fortune 100 CPG giant achieves 40% faster month-end close with Soroco Scout

Fortune 100 CPG Giant cuts month-end close time by 40% with Soroco

A Fortune 100 CPG giant faced significant challenges within its global supply chain finance function, including increased workloads, knowledge turnover, and a heightened risk of errors that threatened service level agreements. To address these issues and reduce operational costs, the company engaged a Big 4 accounting firm, which subsequently partnered with vendor Soroco and its Scout product to automate and standardize processes.

Soroco's Scout AI model was implemented to analyze the finance teams' work patterns without needing complicated system integrations. It discovered that significant effort was spent on non-core applications like Excel and Outlook, leading to recommendations for both quick fixes and deep, systemic solutions. As a result, Soroco helped achieve a 40% reduction in time-to-close for financial activities, a 25% reduction in manual touchpoints, and a 14% increase in financial reporting accuracy.