Weatherford European Accounting Centre of Excellence (EACE)
(Energy Industry Sector)
about this project
PBI was engaged in a 9-month project to establish the Weatherford European Accounting Centre of Excellence (EACE) in Romania, transitioning finance activities from various European countries to the EACE. The engagement focused on optimizing key accounting processes, ensuring timely transitions, and guiding EACE in Lean and Continuous Improvement practices.
The project also included coaching and mentoring for team development, impacting Finance, Operations, Manufacturing, Supply Chain, Logistics, and Global Business Service Centres. This initiative successfully streamlined processes, enhanced efficiency, and aligned teams across multiple business functions.
Key Project Summary "At a glance"
Project Scope
- To establish EACE to deliver financial activities with efficient processes.
- 16 Countries to transition
- 9 Processes to be transitioned
- Business Areas Engaged with:
-
- Geozone Finance
- Geozone Supply Chain
- Global Business Service Centre (GBSC)
- Weatherford Service Centre (WSC) includes Tata Consultancy Services(TCS)
Improvement Strategy
- 100% Virtual
- Lean & Agile tools used:
- Key role mapping
- Campaign Room
- Value Stream Mapping
- Turbo Kaizen incl. RCA, 5 Why
- Retrospective / Lessons Learnt
- 5S
- Change Control
- Risk review
- Coaching & Mentoring
- Team development
Benefits Delivered
- Standardized processes reducing waste and duplication
- In country resource constraint risk eliminated
- In country cost reduction
- Improved quality: reporting and analysis
- Consistent on time delivery
- Flexible / scalable service
- AP Centralisation moving responsibility back to supplier
- Outsourcing repetitive non value adding tasks
- Hours back to business
