Case Study

Development of Finance Function at a leading Company in the EMS Industry

Leading manufacturing service provider specialising in electronic assemblies

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Company Details

Leading manufacturing service provider in the German EMS industry, specializing in electronic components
Supplier to multiple Tier1 companies, focus on development, production, assembly and testing services

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Situation and Challenge

Accounting not up to contemporary standards
No ongoing professional development and training of employees
ERP and reporting not designed for group reporting

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Objective and Task

Bring reporting and processes up to date
Expand team of employees
Process legacy issues such as BP and payroll tax audit
Bring ERP and reporting tool up to group standard

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Measures and Procedures

Analysis: Reporting requirements
Job descriptions and profile analysis for recruitment
Create list of all open points
Setting up consultation for ERP and LucaNet

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Results and Achievements

Compliance with obligations of DBAG as well as those with banks and auditors in the last 3 months
Two new employees were recruited and integrated into the processes
Many legacy issues from open-issues backlog were resolved
ERP is now being brought back to a current version from 2009 to 2020 in two phases
New manager hired