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Transportation company partners with Solaris to streamline financial processes, ensuring efficient reporting and smooth ERP implementation.
A transportation company, a leading provider of Electrification-as-a-Service (EaaS) for school districts, governments, and fleet operators across North America, was undergoing significant internal changes within its finance department. The company needed support to establish more structured financial processes and prepare for a critical ERP implementation.
The Challenge: Rebuilding Finance Processes From the Ground Up
The company faced multiple challenges after losing key finance team members. There were no established month-end or year-end close processes, and many balance sheet accounts had not been reconciled across several reporting periods.
Additionally, the company lacked the internal expertise to manage an upcoming ERP implementation. Highland Fleets also needed to develop a strategy for scaling its finance function to keep pace with its rapid growth.
The Solution: Organizing and Empowering the Finance Team
Solaris introduced a detailed close checklist to help the company establish month-end and year-end reporting processes. Solaris also performed a comprehensive review and reconciliation of balance sheet accounts, ensuring historical records were intact.
Additionally, Solaris guided them through its ERP implementation, advocating for the finance team’s needs and providing expertise on potential challenges.
"Solaris helped us regain control of our finance operations, streamline reporting, and ensure a smooth ERP implementation. Their expertise set us up for scalable growth and long-term success.” - Nate, Finance Director, Transportation
The Impact: Efficient Reporting and ERP Readiness
The company quickly regained control of its finance function. With organized processes and reconciled accounts, the finance team was able to focus on reporting needs without delay. The company’s ERP implementation proceeded smoothly, and the finance function was set up for future growth, saving costs on additional headcount.
Finance Transportation
With Solaris’ guidance, the company restored order to its finance operations and ensured a successful ERP implementation, positioning the company for sustainable growth and financial stability.
