CASE STUDY E - PEPSI COLA INTERNATIONAL GERMANY
(Contact - Juergen Schlebwrowski / Tom Spinner)
German subsidiary required a complete restructuring of the Finance Department
SITUATION GOING IN
- Company stagnating commercially and parents expectations in New York not satisfied
- High senior management volatility
- Balance sheet not managed or under control with official Internal Audit Rating from HQ considered “out of control”
- Hard working but inexperienced and unfocused finance team with many key skillsets missing and much knowledge in the hands of very few employees
- Finance Department not “involved” in the business and scrambling to close the books in time for Group reporting deadlines
- Very poor control environment and everybody “doing their own thing”
- Financial Reporting inaccurate and full of surprises
- Financial Systems poor and change required
- Headcount of finance organisation 30
SITUATION 18 MONTHS LATER
- Internal Audit rating considered “satisfactory high” or well under control by Internal Audit New York
- New Financial Systems implemented
- Financial processes and interfaces to business overhauled and redesigned
- Organisation redesigned and headcount reduced from 30 to 20
- Finance Organisation respected as business partner and influential value adder
