Finance Mission

Transformation of a shared service centre

Pictogramme entreprise

Sector of activity

Luxury goods industry, B to C distribution

Type of company

International group, produces and markets luxury goods

Size of the company

650 million € turnover.
950 employees in Germany

Pictrogramme travail

Country, city

Germany, head office in Berlin

Type of assignment

Finance mission, transformation of a test center
6 months of interim management

Function

Administrative & accounting manager of a shared services center

CLIENT NEEDS

The objective of the mission is to drive the transformation of a shared services centre in Germany.

Following the implementation of a new SAP ERP, several employees of the Accounting and Finance departments of the Shared Services in Germany resigned due to the extent of the organizational changes.

Faced with recruitment difficulties in a tight German market, our client decided to call on an experienced interim manager to lead the existing team.

FIT IN NETWORK® RESPONSE

Réponse apportée pour la mission de Finance - Transformation d'un centre de services partagé

Our search for skills was focused on the German market.

We decided to target professionals who were already in Germany and had knowledge of international groups.

After 8 days of express research via our German partner networks, we were able to propose 3 experts, 1 of whom was selected to carry out this transiton management mission.

Our expert, with 15 years of experience, was selected for the position of Administrative & Financial Manager.

ACHIEVED RESULTS

During this interim management mission specialized in finance, our expert succeeded in :

  • Manage an Accounting and Finance team of approximately 20 multicultural professionals;
  • Carry out the annual closing, on 31 December, according to the Group's calendar (D+8);
  • Develop internal controls and financial reporting processes;
  • Supervise the parameterization of the SAP FI and SAP CO modules for S4/HANA;
  • Coordinate the relationship with the external auditors for the certification of accounts;
  • Train the existing teams and participate in the recruitment of his replacement;
  • Accelerate the closing time from (D+10) to (D+8) during the mission;
  • Reduce the outstanding receivables: gain of 10 days, i.e. € 25 million of cash;
  • Reduce team turnover: no new departures during the entire duration of our mission;

Résultats obtenus Mission de Finance - Transformation d'un centre de services partagé

CONCLUSION

The accounting and finance team benefited from this mission to increase their skills.

The company met its annual closing deadlines.

The configuration of the FI and CO modules of SAP was optimized during the mission.

The company recruited 2 professionals, one with an Accounting Manager profile and the second with a Management Controller profile to replace our interim manager.

CLIENT FEEDBACK ON THE MISSION

Succès de la mission de management de transition des Ressources Humaines

"This interim management assignment enabled us to get through a difficult period in the company with peace of mind.

The expert on the assignment was able to reassure the teams and support them in the transformation of our processes.

We also thank FIT in NETWORK for having been responsive to our needs and for the quality of the mission follow-up implemented."

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