Finance Leadership Needed at a Basic Materials Company to Build a Best-In-Class Finance Organization Following a Merger
The newly formed basic materials company required CFO level leadership to create a customized roadmap for a new world-class finance organization. The road map would entail a senior level finance resource to review the Company’s operating model, the budget creation process, the financial reporting systems, and the KPI output. In addition, the newly formed organization needed leadership guidance within the finance team during the critical annual budgeting process. It was imperative to establish key operational and financial procedures, reporting metrics to manage the day-to-day business, as well as streamline the general reporting within the newly formed Company.
Deep Dive, Creation of a Corporate Level Reporting Package, and Development of a Business Unit Reporting Package
- The Accordion consultant met with all relevant personnel (Finance, IT, HR, etc.). Working seamlessly with the Company’s Management, Accordion performed a review of current monthly reporting processes and packages as well as the underlying data driving the output including the Company’s systems and current metrics.
- Accordion led teams within the Company to augment and further develop its financial and operational reports with framework improvements including process efficiency improvement and relevant KPIs both at the business unit and consolidated levels.
- Based on the Deep Dive and subsequent work on the Company’s KPIs, reporting packages, and finance processes, Accordion authored a roadmap report for the Company to use in the future. Accordion presented this report to the Management team, which will be used as a guide to bring the newly hired full-time FP&A director up to speed.
Comprehensive Finance Structure Analysis and Clear Blueprint to Create a Best-In-Class Finance Organization
The Company obtained high caliber finance organization leadership during a critical time after the merger was complete.