VIP SOLUTIONS CASE STUDY
Our client experienced an extraordinary disruption to the business stemming from an ERP implementation across the organization. Following a period of cleaning up and restating a full year of activity, it became clear that the impacts to the business far exceeded forecasts. VIP identified significant business deficiencies which eroded margins over $60M.
VIP was tasked with developing a strategy in which a new FP&A function could support the business’ execution of initiatives identified and developed through our analyses.
Identify high level program initiatives which, if executed, will achieve desired returns
Develop forecasts of program execution and impacts of execution
Pop up a finance function that can be leveraged to inform progress towards initiatives as well as general forecasting and planning requirements
Redesign and enhance the accounting function to ensure timely and accurate processing of transactions
Develop and program manage the timeline of tasking associated with each value enhancement initiative
Identified deficiencies impacting the business and informed actions required to turnaround business performance
Informed expected impacts of value enhancement initiatives
Redesigned the accounting function to ensure timely and accurate processing of transactions
Managed the execution of initiatives until permanent employees were hired
Placed a VP of Finance who managed initiative execution to successful turnaround of the business performance
Successfully guided our client from a distressed state to a turnaround solution, including placing full-time permanent employees capable of completing the business turnaround.