Driving Finance & Accounting Integration Through PMO Leadership in a $1.7B Merger
industry
Industrials
highlights
- Reduced month-end close from 25+ to under 10 days with streamlined processes
- Cleared $50M invoice backlog and resolved 80+ vendor holds
- Implemented OneStream and BlackLine to strengthen reporting and reconciliations
summary
Palm Tree was engaged to support the integration of a $1.7B merger by leading PMO services across the finance and accounting organization.
Our role focused on identifying inefficiencies, implementing process and system improvements, and ensuring seamless execution of integration projects to enhance performance and reduce operational risk.
results
Integration Oversight: Managed PMO activities for the scoping and execution of 20+ integration projects targeting process and performance improvements across the finance and accounting organization.
Accelerated Close: Introduced month-end checklists and systematic process improvements, reducing the close cycle from 25+ days to fewer than 10 days.
System Implementation: Oversaw the successful rollout of OneStream for consolidated reporting and BlackLine for reconciliations and close management.
Operational Improvements: Cleared a $50M invoice backlog and resolved 80+ vendor holds by implementing streamlined procure-to-pay processes.
Vendor Lifecycle Efficiency: Improved invoice turnaround times and renegotiated vendor payment terms to enhance cash management.
conclusion
This engagement equipped the combined entity with stronger systems, faster processes, and cleaner financial operations—creating an integrated finance function capable of supporting a $1.7B business.
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