Case Study
Value Enhancement Program Management
- S+H Consulting Team
Manufacturing
INDUSTRY
4,500
EMPLOYEES
$750M
ANNUAL REVENUE
Background
Our client experienced an extraordinary disruption to the business stemming from an ERP implementation across the organization. Following a period of cleaning up and restating a full year of activity, it became clear that the impacts to the business far exceeded forecasts. S+H Consulting identified significant business deficiencies which eroded margins over $60M.
S+H Consulting was tasked with developing a strategy in which a new FP&A function could support the business’ execution of initiatives identified and developed through our analyses.
Objective
- Identify high level program initiatives which, if executed, will achieve desired returns.
- Develop forecasts of program execution and impacts of execution.
- Pop up a finance function to inform progress towards initiatives and general forecasting and planning requirements.
- Redesign and enhance the accounting function to ensure timely and accurate processing of transactions.
- Develop and program manage the timeline of tasking associated with each value enhancement initiative.
Solution
- Identified deficiencies impacting the business and informed actions required to turnaround business performance.
- Informed expected impacts of value enhancement initiatives.
- Redesigned the accounting function to ensure timely and accurate processing of transactions.
- Managed the execution of initiatives until permanent employees were hired.
- Placed a VP of Finance who managed initiative execution to successful turnaround of the business performance.
Successfully guided our client from a distressed state to a turnaround solution, including placing fulltime permanent employees capable of completing the business turnaround.
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