A prominent event management company operating multiple lines of business (LOBs), including project-based events and ongoing non-event services.
The Challenge
The finance team faced increasing complexity in managing month-end close across different LOBs, each requiring unique financial tracking and insights. Key issues included:
- Inconsistent Actual vs. Budget and Forecast reporting across LOBs
- Manual and rushed flash accounting and accrual processes
- Limited ability to reconcile and track changes to actuals across periods under strict deadlines
- Date: July 14, 2025
- Client: Multi-Line Event Management Firm
- Location: USA
- Category: Entertainment, Event Management
- Website:
The Solution
We provided targeted month-end close support tailored to the nature of each LOB:
- Event-Based LOBs: Delivered granular, project-level Actual vs. Budget and Forecast variance reports for leadership review
- Non-Event LOBs: Facilitated period-based financial analysis to highlight performance trends
- Enabled accurate flash accounting and timely accrual entries
- Introduced a month-end reconciliation framework comparing baseline (previous actuals) to updated actuals
- Streamlined corporate reporting submissions by automating data consolidation and checks
The Result
- Faster and More Reliable Close: Month-end activities completed more efficiently despite tight timelines
- Actionable Insights: LOB heads received timely, focused financial data for better decision-making
- Improved Accuracy and Accountability: Enhanced variance tracking and reconciliation strengthened financial integrity
