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Assumption of CFO function
Assuming CFO responsibilities to integrate a medium-sized manufacturer of precision technology in Germany into new ownership structure
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Company Details
- 7 subsidiaries, consolidated sales of ca. € 35 M (2019)
- 170 staff, worldwide
- Focus on precision engineering and health care technology; partly own R&D
- Newly founded 10/2019, with a Swiss Investor taking stakes
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Situation and Challenge
- Business and accounting structures and processes did not grow along with expansion
- Tasks not clearly defined, lack of professional experience of staff when dealing with complex subject matters
- Capacity bottlenecks at management level and at complex professional level
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Objective and Tasks
- Business implementation consulting at group level
- Continuing LucaNet roll-out
- Monthly and annual statements, reporting, cash-flow planning, NWC, corporate financing
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Measures and Approach
- Concept and mapping of aligned business structures and processes
- Finalizing the LucaNet roll-out
- Implementation of a systems-based integrated controlling, reporting, and planning
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Results and Achievements
- Sound financial figures (actual, planned, forecast) and fully audited statements
- Safe and robust business processes
- Automated and integrated systems landscape (DATEV/LucaNet)