For decades, companies have been using Lean Manufacturing and Six Sigma to develop, produce and deliver near-perfect products and services. In the most recent survey of companies adopting Six Sigma, 53 percent of Fortune 500 companies are currently employing Six Sigma, saving an estimated $427 billion over the past 20 years. These results are impressive. Recognizing the enormous and limitless potential of Lean Manufacturing and Six Sigma, the Harrison Group Consulting (HGC) became the first to introduce and apply Lean Six Sigma to accounting and financial reporting which we coined Lean Six Sigma Finance And Accounting.
LSS Finance And Accounting adopts methodologies perfected by Lean Manfacturing and Six Sigma, and applies these methodologies to the corporate finance and financial accounting function. Through continuous innovations and improvements, standardization, and training, companies shorten the financial reporting cycle by eliminating duplicate and inefficient accounting processes, reducing financial reporting errors, and delivering more responsive financial data.
Harrison Group Consulting
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A presentation on the potential of Lean Six Sigma presented by the Lean Six Sigma Company.
Lean Six Sigma Accounting improves the responsiveness and quality of financial reporting by eliminating non-value adding processes, reducing inefficiencies, shortening the accounting cycle and lead time, eliminating wait and overprocessing of data, identifying redundant reportings, and aligning accounting processes to the information stream.
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Lean Manufacturing originated from Toyota Motor. Image of a Japanese car assembly line.
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