Shifting chaos to calm while keeping laser-focused on compliance

The Brilliant Muse team brings organization with legal and financial compliance to a fast-growing company to mitigate risk.

Client

American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods.

Challenges

  • Numerous acquisitions in short time frame

  • High risk - lack of financial and legal compliance 

  • Huge scale with limited tracking tools or processes - large multi-million consolidated budget, 20+ cost centers, 20+ budget owners

Solution

Brilliant Muse developed a foundational framework with that paired rigor with a strong program management team to align with finance and legal. This foundation was so successful that the client adopted this model internally with employee resources. The framework included:

  • Documented Process for successful onboarding new companies via acquisition

  • Rules of Engagement for improved stakeholder management

  • Vendor Management Program so that budget owners found best-in-class suppliers easily, projects kicked off sooner, and suppliers were informed and paid 

  • Product Requirement Doc (PRD) and participation in exploration of 3rd party tool solutions

  • End-to-End Process with accountability: from budget allocation to legal contracts to financial reporting to vendor payment

  • Finance and Legal Compliance Global Training

Impact

  • Budgets by cost center managed within +/-3% quarterly allocation

  • 100% contract approval rate plus huge increase in overall compliance 

  • Acquired companies onboarded within one quarter and compliant with legal and financial requirements