Our quarter-end closing process is much more streamlined after implementing RPM, and we are able to focus more of our time on analyzing the results.The entire HOC team was very pleasurable to work with while implementing RPM. They went above and beyond to ensure we reached the right solution.
RPM significantly improved our month-end close and quarterly reporting process, by retrieving trade data from Aligne and automatically mapping the information to designated general ledger accounts in SAP. The result significantly increased our operating efficiencies (and internal controls). We no longer have to order late night dinners during the month-end close!
RPM has proven to be very beneficial to my daily monitoring tasks as well as all of my monthly compliance packages. Prior to RPM, the manual process would take up to days to gather data and create slides. Utilizing RPM allows us to maintain a daily ongoing file, and when we are ready we can easily run the report and have the slides created within 30 minutes or less.
HOC was able to bring to life an exchange limits system at a fraction of the cost of something built by large banking institutions, which deployed at NRG, has protected the company from exceeding limits exposure on serveral occasions.
The HOC team provided the RPM solution for end-to-end process automation, auditable centralized financial data repository, exception monitoring, and on-time delivery through scheduled batches. It's not about creating a black box solution, rather implementing a self-service model. It's always a pleasure working with HOC Team.
In terms of bespoke product development, HOC is a hidden jewel. Companies can have a rich experience if they work with this gem of a company. While I can write pages on my experience, it is sufficient to say that if dream of a product or a technical solution to solve a business problem, HOC will help you realize your dream.
The best part of working with HOC is their support. If you open a ticket, it gets addressed almost immediately. They're always available, and if we need something customized HOC gets it done, no question asked. They helped us reduce reporting time from a week to a single day
Efficient, effective, auditable, flexible and scalable are the keywords that come to mind in describing the benefit of deploying the RPM solution to automate the preparation of financial reporting footnotes and disclosure tables. Not only did we see a significant reduction in the cycle time to get external reports out, now we can prepare the ASC 815 and MD&A footables for any accounting period close accurately and within hours of the risk or accounting system being refreshed with new records
We were trying to create a precise disclosure process with an underlying process that was anything but precise. As we went through the process we found so many things that we weren't able to fix. This is where the flexibility of the HOC team really stood out. They were malleable to an underlying broken process.
We never really signed on because of the platform, there are platforms all over the place. Like any solution, they're customizable, it's the team you sign up for.
HOC provided excellent knowledge and guidance while building SEC disclosure in the RPM system. They provided us with staff that was experienced and could help us navigate through our current process and find solutions to implement into RPM. HOC is punctual in their response time and recognized the urgency of accounting timelines. The success of our implementation started with HOC and their staff.