Guidewire
Redesigning financial close through process reengineering
Industry
Fintech
Technologies used
The challenge
Guidewire’s monthly financial closing cycle relied on a complex, manual workflow with multiple validation layers and fragmented controls. The sequence of steps, handoffs, and approvals introduced operational delays, increased error risk, and limited scalability as transaction volumes grew.
The solution
GIGA IT reengineered the financial close process end to end, redefining steps, controls, and responsibilities to remove unnecessary friction and streamline execution. Once the process was simplified and standardized, we applied targeted automation to support the new design, ensuring consistent execution, full traceability, and reliable outcomes in production.
The results
- 91.67% reduction in close time, from 3 hours to 15 minutes.
- Fewer errors by eliminating redundant checks and manual interventions.
- Clearer ownership and controls across every step of the close.
- Improved audit readiness through standardized execution and governance.
- A scalable process ready to support higher transaction volumes.
We redesigned a process that had grown too complex over time. Once it was simplified, automation amplified the impact. The close is now faster, more reliable, and much easier to manage.
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