Task definition
- Project management and execution for Post Merger Integration, focus on Finance/Controlling
- Improving the quality of finance and PE reporting
Industry / Function / Environment
- SME, Financial services
- Interim CFO
- M&A and PMI
- Dipl.- Kfm. Frank Wedekind
Situation:
- Merger of three legacy companies
- Legacy companies with different data quality and economic transparency
Measures:
- Establishment of a cross-functional project team consisting of IT, Accounting, Controlling, BI and HR
- Analysis of the company-specific finance differences
- Development of the new finance target and its implementation
- Relocation of locations and consolidation of functions
- Reorganization, staff restructuring and staff qualification
- Change management for department management and employees
- Establishment of a new finance/controlling organization
- Establishment of new accounting, finance and controlling processes
- Establishment of uniform finance, controlling and reporting standards
- Implementation of a new IT accounting system and new financial software
- Improved transparency through early and qualitatively improved financial statements during the year
- Establishment of a meaningful PE reporting system
- Leveraging synergies and efficiencies compared to the old situation
- SME, financial services
- Customer portfolio: B2C customers with bulk business
- Product portfolio: Operation of a wide variety of instruments in receivables management