Transforming Financial Operations and Warehousing
industry
Industrials
highlights
- Cut month-end close from 45+ to under 15 days while enhancing revenue accuracy
- Implemented a tailored WMS to improve warehouse efficiency and material handling
- Delivered project-level insights on 2,000+ jobs monthly with robust reporting
summary
Palm Tree was engaged to professionalize the finance and accounting operations of a $100M utilities platform company and address inefficiencies in its warehouse operations.
Through improvements across both financial processes and operational workflows, we provided management with greater visibility, stronger controls, and scalable tools to support future growth.
This engagement delivered a dual transformation by strengthening financial management while modernizing warehouse operations and creating greater efficiency, accuracy, and scalability across the business.
results – finance & ACCOUNTING
Faster Close & Accurate Reporting: Accelerated month-end close from 45+ days to under 15 and improved revenue recognition through GAAP ASC 606 adoption.
Liquidity Forecasting: Built a customized forecast and cash flow model, enabling management to anticipate liquidity troughs and take preventive actions.
Reporting & Insights: Delivered a comprehensive monthly reporting package with financial and operational metrics, including project-level analysis of 2,000+ jobs monthly.
Controls & Governance: Uncovered operational and data governance issues and implemented new control protocols to enhance accuracy and oversight.
Results – operations
Warehouse Optimization: Conducted a full warehouse review, built process maps, and identified inefficiencies across receiving, put-away, and picking processes.
WMS Implementation: Selected and implemented a tailored Warehouse Management System (WMS), coordinated ERP development, and trained warehouse operators.
Improved Efficiency: Introduced real-time barcode scanning, developed custom labels, created an AutoCAD facility site map, and improved material handling and location accuracy across 1,000+ storage locations.
PMO Oversight: Managed all PMO activities for WMS rollout, ensuring cross-departmental alignment and successful adoption.
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