Balance Sheet Reconciliations | Blog

Join Us: How Bacardi Achieved 40% More Global Reconciliations with BEST.

This August, we’re excited to share one of our most compelling customer success stories in an exclusive webinar featuring Bacardi’s remarkable transformation journey.

The Bacardi Challenge

As an iconic 160-year spirits producer, Bacardi manages immense transaction volumes requiring reconciliation and validation across 30 countries. Their legacy systems were mostly manual and decentralised, creating efficiency challenges and control gaps that needed addressing.

The scale of their operation is impressive: over 4,500 reconciliations processed monthly across global regions, with 253 users requiring a standardised, controlled approach to month-end reconciliation processes.

Remarkable Results

Bacardi’s implementation of BEST’s Balance Sheet reconciliation solution delivered quantifiable improvements that transformed their financial operations:

  • 40% increase in reconciliations completed with the same resources
  • Standardised controls implemented across all 30 countries
  • 100% balance sheet account coverage achieved monthly
  • Enhanced SOX compliance through centralised visibility
  • Complete elimination of manual work in reconciliation processes

What You’ll Learn

Our webinar features Christopher Brooks, BEST’s Balance Sheet Recons Product Manager, alongside Jeudy Arias Rojas from Bacardi, providing authentic insights into this successful implementation.

  • Implementation strategy: Discover how Bacardi deployed BEST across diverse global regions whilst maintaining consistency and control standards.
  • Custom solutions: Learn about Bacardi’s unique requirements, including custom reconciliation status tracking and month-end USD value calculations that weren’t part of our standard solution.
  • User adoption success: Understand the factors that led to high acceptance rates and successful transition from manual processes to automated workflows.
  • Measurable impact: See concrete evidence of productivity gains, resource optimisation, and enhanced compliance capabilities.

Why Attend

This webinar offers valuable insights for finance professionals managing global reconciliation processes, particularly those struggling with manual month-end procedures or seeking to enhance control frameworks whilst improving efficiency.

Whether you’re a Finance Director seeking operational improvements, a SAP professional managing complex reconciliation requirements, or an audit professional requiring enhanced compliance capabilities, this session provides practical insights from a real-world implementation.

Register now to secure your place and receive exclusive access to implementation guides and case study materials.