Solution: Automation to streamline the entire fixed assets process
When Petco decided to make the transition to a new ERP system, the team jumped at the opportunity to rethink their process from the perspective of how to improve it, not just replicate it.
“We felt like it was a good time to look at our end-to-end process and see where it might make sense to do a little more work upfront that would save us a lot of time on the back end,” Hunter said.
Working with the Bloomberg Tax Professional Services team to introduce automation into their process was quick and painless – the team kept things moving with a 30-60-minute touchpoint meeting once a week until the implementation was complete. And the end result was a much simpler and faster process for the whole team.
“Now when we send information from our ERP system over to Bloomberg Tax, all of the data is automatically converted,” Hunter said. “The files go straight to an SFTP site, they automatically get pulled in, all of the additional fields are added, and any kind of additional adjustment loads are automatically created.”
A final review step helps ensure data accuracy before it’s committed.
“Once we’re good, we click the button, then it’s done.”
This one-click functionality significantly reduced manual intervention, control risks, and the amount of time spent managing and cleaning data.