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Globalise – The Global Interim Management Group – enables you to solve tough business challenges. Individually selected from our managed network of thousands of experts worldwide, our managers will rapidly and accurately understand your situation and achieve your specific goals: quickly, reliably and always successfully. Wherever you are in the world and whatever it takes.

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Elevating the function of the CFO in a medium-sized Swedish company

Case Study

Challenge

A private equity firm had recently acquired a medium-sized service company and was beginning to experience losses. There was an immediate requirement for the implementation of a new reporting and annual accounts system in accordance with IFRS regulations. Because there was inadequate time to recruit a new CFO, they decided to hire an appropriately qualified interim CFO as a short-term solution.

 

The wider goal was to elevate the CFO function, revise and streamline procedures and working methods, and create a sense of security among the staff. In practical terms, a quarterly report needed to be completed in less than a month and an annual report produced, both in accordance with IFRS regulations.

Success

The finance department was not well regarded, the CFO had too many subordinates and the employees felt that no one listened to them. The Atreus manager quickly created stability and built the confidence of staff, managers, the management board and the owners. Where there had been serious communication issues before, our manager spent a lot of time talking to staff, listening to their problems, reenergizing them and bringing them back on task. The company’s first quarterly report was successfully presented in just three weeks.

 Results

Within a short period of time, the ongoing work was brought under control, inefficient working methods had been changed and the most obvious deficiencies corrected. Revised rules and routines were created and communicated as the previous ones had become obsolete. New reporting tools were identified and the Atreus manager suggested that the CFO should have fewer direct subordinates and that the payroll department should be outsourced.

If you would like to know what Atreus can do for you in a similar situation, get in touch.

+49 89 452249-540

Atreus is the leading interim management provider in Germany and one of the largest in its field in Europe. We solve difficult operational management and transformation problems quickly and reliably. Contact us and find out how we can help you master your situation with management expertise that is available at short notice and that is the perfect fit for you.

Atreus is a co-founder of Globalise – the market’s leading and largest provider of international interim management. Accelerating change and delivering success. Worldwide. Structured as a global group of leading interim management firms, Globalise has the reach to support you in solving your company’s most important issues around the world.

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