Renee Fan

Director Accounting Systems And Controls Freeport Lng Development LP

Main Conference Day Two, Tuesday, March 9, 2021

12:25 PM CENTRALIZING CASH FLOW DATA FOR FAST, ACCURATE REPORTING & FORECASTING

Collecting inbound cash flow information using manual processes and spreadsheets makes it difficult for dynamic organizations to meet intensive internal and external reporting requirements. In this case study you‘ll hear how Freeport LNG, a leading natural gas producer was able to centralize its finance and accounting data in a single system landscape to automate its order to cash processes, reduce period-end reporting efforts and generate faster, more accurate cash flow data and forecasts. Learn how the company:

• Automated its electronic bank statement collection, reconciliation and cash application processes

• Enhanced reporting capabilities so it could monitor bank balances and cash positions in real time

• Reduced period-end reporting efforts by combining inbound cash flow and treasury data in a single system