Leading Gaming Platform Achieves $500K Cost Savings & 75% Process Efficiency

About The Client

Industry: Mobile Gaming & Esports

Scope: The client is a leading mobile gaming platform that connects millions of players globally through competitive gaming experiences across multiple genres. The platform serves a diverse ecosystem of casual gamers, competitive esports players, and game developers, providing seamless integration tools for developers and fair, engaging experiences for players. Through innovative technology and a commitment to competitive integrity, the platform enables players to showcase their skills while creating opportunities for developers to monetize their games.

Client Challenges

• Accrual Process Inefficiencies 
  Manual and inconsistent accrual processes were consuming significant resources and increasing the risk of errors 
• Lengthy Close Cycles 
  The month-end close process was taking 30 days, delaying critical reporting and hindering decision-making 
• Audit Readiness Issues 
  The company faced challenges in meeting audit deadlines, requiring multiple iterations to address errors 
• Scalability Constraints 
  Existing workflows lacked the flexibility to support the company’s rapid growth and increasing financial complexity 
• Resource Gaps 
  The organization had limited internal expertise in addressing accrual process optimization and audit preparedness, creating a dependency on external resources 

Key Project Elements & Deliverables

Systems & Tools Used

• ERP System Optimization: Enhanced usage of existing ERP functionalities to streamline accrual processes and data integration 
• Custom Automation Solutions: Automated recurring financial tasks, including accrual calculations, variance analyses, and reporting 
• Financial Reporting Framework: Standardized templates for consistent, actionable reporting for executive decision-making 

Timeline: 

• Six months to implement optimized accrual processes and meet audit requirements 
• Three months to consolidate workflows and reduce close time 

Data Integration: Transitioned fragmented workflows into a unified ERP system, improving data visibility, accuracy, and reporting 

Key Deliverables: 

1. Established a centralized accrual process, eliminating manual errors and inconsistencies 
2. Improved reporting accuracy with tailored automation solutions 
3. Delivered complete, timely audit reports aligned with stakeholder expectations 

Project Objectives & Business Needs

Key Project Objectives: 

• Develop a standardized accrual process to reduce reliance on manual interventions 
• Shorten the monthly close cycle to improve reporting timelines 
• Ensure audit readiness by delivering accurate financial statements within deadlines 
• Establish scalable processes to support the company's growth 

Business Needs: 

• Streamline fragmented workflows into a unified system for better data accuracy and efficiency 
• Improve financial reporting and audit readiness 
• Address internal expertise gaps to optimize existing ERP capabilities 

Solution Outline: 8020 Consulting provided an experienced consultant to lead the project. The approach included: 

1. ERP Optimization: Conducted a detailed analysis to refine ERP configurations, ensuring accurate data flow and improved system utilization. 
2. Process Automation: Implemented tailored automation tools for recurring tasks such as accrual calculations and variance analyses, reducing manual intervention. 
3. Close Calendar Implementation: Developed a close calendar to establish a structured, predictable month-end close process. 
4. Scalability Framework: Designed workflows to support future growth, ensuring seamless integration of new business units. 

Solutions & Outcomes

Solution Outline
The project focused on streamlining the financial close process, improving reporting accuracy, and automating key financial workflows:

Project Outcome Summary

1. Time Reduction: Shortened the financial close timeline by ~30%, enabling the finance team to focus on value-added analysis rather than manual data reconciliation
2. Improved Reporting Accuracy: Standardized KPI tracking and variance analysis, reducing financial discrepancies and ensuring all teams worked from a single source of truth
3. Enhanced Decision Support: By integrating multiple planning scenarios, Nordstrom's leadership gained a clearer view of financial performance across different time horizons
4. Workforce Planning: Improved tracking of headcount and capitalized labor costs supported better budget management and resource allocation