Situation

Our client is an actor of the distribution in France and subsidiary of an international group. Following a market opening, the activity of our client has strongly evolved without being able to anticipate this critical phase of hyper growth. This at a time when the shareholder is considering an integration phase that had been put on hold until then. The emergency was to take over the Financial Department so it could support the business and enter into a dynamic of integration and meet the new requirements of the new shareholder

Challenges

• Take over the accounting and ensure the annual closing
• Regain confidence and stabilize the teams
• Set up controling department
• Set up financial processes
• Implement internal auditing
• Work on the evolution of the financial systems
• Get maturity within the Finance Department but also with the entire Executive Committee

Actions

The first priority was to recover the team in order to compensate for the numerous departures of employees, to regain the confidence of those who were still on board in order to ensure the annual closing. Next, a lot of work was done, with the support of additionnal interim managers recruited as well, to review the accounting and control processes and lay the new foundations for reliable financial production.

The manager also worked with the General Management on the deployment of actions to integrate the terms and obligations of reporting and group compliance. In a more transverse way, the Interim Manager was also the leader for the new ERP deployment project, working on the specifications and the operating mode.

Results

The closing was assured, the department was rebuilt with the perpetuation of 2 managers who came as reinforcements and the recruitment of other employees. A CFO was recruited on a permanent basis and took over a partially stabilized finance department, with optimized processes and organization in order to continue to respond to the evolution of the business.