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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)​