Improvement of Reconciliation Processes

Group Finansformers: Begüm Dağıstan, Gizem Gökgöz, Özcan Gündeş, Melis Burcu İldemir, Onur Şimşek

Henkel is a global company with a 140 years of success, operating in more than 120 countries with 50.000 employees. Henkel operates in FMCG sector as it owns the leadership in both industrial and consumer markets with many prestigious brands.

As Group Financeformers, we run our graduation project on improving the reconciliaiton process in Turk Henkel and creating alternative payment schedules for customers of the company. Reconciliation is an accounting process used to compare two sets of records to ensure the figures are in agreement and are accurate. Our Spring Term Final Project Presentation will cover problem definition, solution approaches, alternative payment schedules created for customers that are the focus of improving the reconciliation process, our model, constraints of Turk Henkel and the outputs of the project.