Supported a group’s internal finance transformation by embedding reporting structure, controls, and automation.
Financial Reporting Modernization Advisory
Bridging Today’s Practice with Tomorrow’s Expectations
As Saudi organizations grow in size, complexity, and stakeholder visibility, traditional financial reporting practices often fall short. Manual spreadsheets, siloed reconciliations, and delayed closes can become major barriers to governance, investor confidence, and operational agility.
For one diversified business group, modernizing financial reporting wasn’t just a technical upgrade — it was a strategic necessity.
Insights Global was brought in to lead that modernization journey.
The Backdrop
Despite strong business performance, the group’s internal finance function was held back by:
- Decentralized reporting across subsidiaries
- Inconsistent chart of accounts
- Minimal control automation
- Reliance on Excel for consolidation and KPI reporting
- Delays in external audit readiness
Leadership wanted a system that could support future IPO ambitions, investor conversations, and real-time decision-making.
Our Approach
We started by listening — mapping out existing finance processes, stakeholder needs, and reporting bottlenecks.
Then, we built a step-by-step modernization roadmap, balancing structure with scalability.
Key interventions included:
- Designing a unified reporting framework with standardized templates
- Upgrading chart of accounts and segment mapping
- Implementing layered controls for accuracy and traceability
- Defining close cycles and audit prep protocols
- Training finance teams on new processes and accountability models
- Embedding KPI alignment for board and investor dashboards
It wasn’t just about faster reporting — it was about better insights and cleaner governance.
The Result
The transformation delivered measurable impact:
- Accelerated reporting cycles by over 30%
- Reduced audit observations and adjustments
- Improved financial narrative for boards and stakeholders
- Greater control standardization across group entities
- Established finance as a value-enabler, not just a cost center
The group is now equipped to meet the demands of both regulators and investors — with confidence and credibility.
Why It Matters
Financial reporting is more than compliance — it’s a reflection of how well an organization understands itself. Modern reporting enables leaders to steer performance, reduce risk, and build trust.
At Insights Global, we bring clarity, structure, and control to every number that matters.
