Support an evolving business and translate vision into meaningful systems strategy.
Aligning your organization and system vision and strategy is paramount to a successful outcome. Therefore, selecting the “right” system the first time is a critical consideration. However, you also need to understand the 
steps required to realize your vision. MarketSphere helps our clients determine the technological landscape necessary to support an evolving business and translate vision into a meaningful systems strategy. Furthermore, our proven methodology enables our clients to take a disciplined, structured approach to navigating through the strategy and evaluation process.
Our services include:
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“Once we had MarketSphere engaged, the team was paramount in getting us moving in the right direction. Your team’s methodology, approach, experience, and drive have enabled us to achieve our desired outcomes.”
– Director, H&R Block
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Learn more about our Finance Advisory services to support your evolving business.
Chart of Accounts Design
The design of a company’s chart of accounts can drive several benefits, including consistency in reporting across business units, reduction in effort to consolidate information and reconciliation procedures, easier benchmarking between different business units/ territories, and an improved ability to introduce financial shared services. MarketSphere helps clients design a flexible chart of accounts that not only reflects current business processes, but accommodates future organizational changes. We leverage leading practices and help our clients consider the impact of dimensions or granularity of information, their ability to capture information, legal entity and statutory accounting requirements, as well as ease of maintenance and cost of complexity.
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System Selection & Implementation
With the number of available system options, selecting the right system for your organization can be a risky and potentially expensive proposition. The financial system you select must meet your key business requirements while allowing you to develop and maintain a competitive advantage. IFRS, Sarbanes Oxley, and international general ledger consolidations are all external forces that can significantly affect your financial systems and processes. At MarketSphere, we offer the combination of a broad-based industry perspective and the specific application knowledge to bridge the gap between your business strategy and your technology needs. Our consulting teams understand your business, are technology independent, and realize that good business decisions are grounded in measurable results. Leveraging current technology will allow your organization to capture meaningful savings, assist in producing more accurate results, and consolidate multiple systems into a unified platform.
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Process Enabled Technology
The implementation of new systems and technology often brings with it the expectation of reduced operational costs and other efficiency gains. However, the majority of these implementations do not bring about the expected level of increased value. The primary reason for this failure is the non-alignment of the implemented solution to the business processes supporting the technology. Without proper analysis, the processes required to obtain the optimized business function are not synchronized to the new systems or technology. This results in new systems limited by existing business processes, thereby reducing the net return on the investment. MarketSphere Consulting provides the expertise to optimize the link between the processes required to keep your business functioning and the technology required to make it run more efficient. Our industry-focused expertise and knowledge of the critical finance processes required to run your business, our consulting teams help you create an optimized environment capturing the maximum return on your investment.
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Sales and Use Tax
Companies performing taxability decisions manually are at the greatest risk of over or under reporting tax. In-depth analysis, time consuming compliance reporting and changes in tax laws all require resource consumption. These activities take time away from analysis and high-level tax strategy decisions while raising costs and exposing companies to additional audit risks. Decentralized order processing, invoicing and/or payables further strain your resources. MarketSphere focuses on automating taxing decisions to ensure the proper data is passed between the enterprise application and the tax system. Benefits of partnering with MarketSphere include reduction in audit assessments, savings from a systematic application of purchasing, sales and use tax exemptions, reduction in overpayment of sales and use tax purchases, and reduction in labor costs due to improved efficiency in sales and use tax processing.
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