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)