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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