Case Study: Harvest Operations Corporation achieves 90% reduction in processing time with Ultimus' Operating Expense Accrual solution

Harvest Operations Corporation Reduces Processing Time by 90% with Operating Expense Accrual Solution

Harvest Operations Corporation, a Canadian energy company of about 350 employees, was bogged down by a monthly, manual spreadsheet process to estimate operating expenses across 100+ business/geographic areas and 15 cost drivers. The error-prone workflow had no formal approvals or historical context, took over 30 days each cycle, and consumed managers’ time while risking inaccurate cash-flow forecasts.

Using the Ultimus BPM Suite, Harvest automated the accrual process with one incident per area that includes three months of estimated and actual data, built-in approval routing, and reporting. The solution cut end-to-end processing time by 90% (from more than 30 days to three days), improved accuracy and variance tracking, enhanced forecasting, and freed managers to focus on analysis rather than data entry.

Harvest Operations Corporation