BHP is a world-leading resources company. We extract and process minerals, oil and gas, with more than 80,000 employees and contractors, primarily in Australia and the Americas. Our products are sold worldwide, with sales and marketing led through Singapore and Houston, United States. Our global headquarters are in Melbourne, Australia.

WHY RECWISE

We have supported BHP for over 17 years. A trusted business critical solution RecWise is trusted and robust.

BHP went to market in 2018 to see what the market currently offered in the area of balance sheet reconciliations. Up against market leaders Blackline, BHP decided to upgrade and align with RecWise. There were no additional benefits from the market and as such we offered a more cost effective solution.

 

We are listed in BHP vendor software as BUSINESS CRITICAL software.

THE CHALLENGE

 

The upgrade challenge meant bringing forward the historical data in our prior legacy version. This meant aligning old data to new company names, process teams etc and to include all the attachments.

 

RecWise has always been scaleable and although previously having five historical instances and one consolidated instance these were all upgraded and brought forward into the upgraded environment.

 

The project ended with 275+ companies with standard templates and standard rules that improved the identification of the reconciliations by a configured naming convention. Coupled with 145+ reconciliations per company means that RecWise manages around 40,000 reconciliations per month.

Our upgrade project meant converting the data for all historical records and maintaining supporting documents, building the new software to meet the needs of the business and training users around the globe. We even had to get to Kuala Lumper to train the users, but everything is always achievable.

Whilst working with the World Class Functions team, they requested a few enhancements to improve the way they managed reconciliations to which we said yes. These enhancements were made ready and tested to meet the customers requirements all before the requested go-live date. Also working to budget and delivering means that we had a happy and appreciative customer.

With the likes of Deloittes and PWC also auditing the results they can each be given access in order to reduce the interruption to the business as they can search and view the reconciliations and the supporting data.

THE RESULTS

BHP were more than happy with the deliverables and attention to detail in delivering the upgraded solution. The size and extent of the project was manageable and with the added feature requests was able to be delivered on time and on budget. No external consultants required and working closely with the finance team to build lasting relationships.

We continue to deliver on our relationship of nearly 20 years.

RecWise is listed within BHP as business CRITICAL software. We support BHP within our 9am to 5pm day to day operations as being a trusted and robust solution which works.

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