Case Study
Development of Finance Function at a leading Company in the EMS Industry
Leading manufacturing service provider specialising in electronic assemblies
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
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
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
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
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
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