Structuring the finance function

Context

SME specialized in the electric mobility sector
Lack of structure of the finance function and need to improve key processes

Objectives

Set up a finance department with the owner: structuring of the organization, recruitment of resources, implementation of reporting for the management
Optimization and formalization of critical processes
Implementation of an inventory management system
Assistance in financing R&D projects
Management of the launch of new activities

Deliverables achieved

Diagnosis of the organization, processes, and tools
Monthly reporting deployed, ready on D+12
New cash flow monitoring tool implemented
First financial management processes implemented with the relevant controls and tools
1MEUR of secured bank debt

Key success factors

Pragmatic, progressive and iterative approach
H4 Partners’ experience in setting up reporting and finance processes
Close collaboration with the owner and all employees
Deliverables adapted to the company’s level of maturity

Tools used

Excel
Accounting ERP : SAGE
EPM : Everwin GX

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