Value Enhancement Program Management

VIP SOLUTIONS CASE STUDY

Manufacturing

INDUSTRY

4,500

EMPLOYEES

$750M

ANNUAL REVENUE

BACKGROUND

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.

OBJECTIVES

Identify high level program initiatives which, if executed, will achieve desired returns

FP&A

Develop forecasts of program execution and impacts of execution

Team

Pop up a finance function that can be leveraged to inform progress towards initiatives as well as general forecasting and planning requirements

Process Improvement

Redesign and enhance the accounting function to ensure timely and accurate processing of transactions

VIP Solutions Case Study

Develop and program manage the timeline of tasking associated with each value enhancement initiative

SOLUTIONS

Predictability

Identified deficiencies impacting the business and informed actions required to turnaround business performance

Value Enhancement

Informed expected impacts of value enhancement initiatives

Process Improvement

Redesigned the accounting function to ensure timely and accurate processing of transactions

Case Study Icon

Managed the execution of initiatives until permanent employees were hired

finance consulting

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.