OMERS boosts efficiency and tightens financial controls
As a result of continued growth in both membership and assets, OMERS – one of Canada’s leading pension funds – found that the complexity of its financial accounting structure was becoming burdensome. With 41 sets of books and nine unique charts of accounts, it was difficult to get an enterprise-wide view of the financial position, and analysts spent the majority of their time reconciling financial statements and validating data – diverting them from more valuable endeavors.
Read this fascinating case study to learn how implementing expert solutions for financial reporting, planning, and forecasting greatly helped OMERS improve processes and overall efficiency. Read on now to discover how these solutions ensure that information is delivered to where it is most relevant to the specific need, and so much more!