Value Enhancement Program Management

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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