Case Study
Industrial Manufacturing Shared Services
Client challenge
Company had finance functions dispersed throughout Asia
Benchmark revealed high costs relative to top quartile companies
Needed to consolidate finance function to lower cost area and improve service
Solution
Company chose a brownfield location in Shanghai, China
Designed future state finance processes
Designed training curriculum and on-boarded new staff to support operations
Provided post-implementation support for new service center
Impact on client's business
Consolidated finance functions from six different countries in Asia
Created a standard process across all countries in Asia
Increased transaction volume and reduced cost per transaction
Improved overall control over key finance processes