Close Management
Biosynthesis Closes the Books 3 Days Faster Across 6 Plants with Swiper
65%
Faster consolidated close across all plants
$240K
Saved annually in overtime and audit prep
THE COMPANY
Six plants, six different ways of closing the books
Biosynthesis's six plants each ran close on their own timeline, using local spreadsheets and plant-specific chart-of-accounts quirks that made group-level consolidation a manual, error-prone exercise every month.
THE CHALLENGE
Consolidation that took longer than the close itself
Corporate finance couldn't produce a consolidated statement until every plant controller had finished their own close and emailed spreadsheets to headquarters, a process that alone consumed four to five business days on top of each plant's individual timeline.
We used to fly people between plants during close week just to reconcile numbers by hand. Now every plant closes on the same day, on the same platform.
Derek Holloway, VP of Finance
THE SOLUTION
One ledger, six plants, closing on the same clock
Swiper gave every plant controller the same reconciliation workspace, with group-level rules that flagged intercompany mismatches in real time instead of after each plant submitted its numbers.
Corporate finance rolled the platform out plant by plant over two months, starting with the two highest-volume facilities before extending it to the rest of the network.
THE RESULTS
A close that finishes in days, not two weeks
All six plants now close on the same three-day cycle, with consolidated statements ready for leadership review well before the second week of the month begins.
We used to fly people between plants during close week just to reconcile numbers by hand. Now every plant closes on the same day, on the same platform.
Derek Holloway
VP of Finance, Biosynthesis
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