Manual approvals, month-end bottlenecks, and data errors drain cash and credibility. Lean strips out waiting and duplicate steps; Six Sigma zeros in on defects and variation.
- Cycle-time slash: A defense contractor’s FP&A reports shed 100 hours per cycle — a 64 % cut — saving $130 k a year. – AABRI
- Error free statements: Bank of America cut missing-item errors on customer statements 70 % and trimmed digital banking defects 88 %. – True North Lean
- Invoice backlog erased: The U.S. Coast Guard AP queue dropped from 175+ invoices to one — essentially 100 % WIP reduction. – isixsigma.com
- Analyst time reclaimed: Standardizing reconciliations shrank analyst hours spent on basic matching from 70 % to