Project example 7: „Developing a concept for a regional Finance shared service center for a leading manufacturer of medical technology“ Initial situation Company: Leading company in the field of medical technology
Historically developed structures with local Finance activities in all major national companies Limited penetration of central Finance governance unit towards processes and structures due to autonomy of local companies Heterogeneous local arrangement with considerable efficiency reserves: Lack of cross-bundling and standardization Project approach
Project topic:
Creating transparency based on a standardized process model and evaluation of performance based on internal KPIs
Finance function across all business areas and regions
Development of various shared service options for Europe based on local/regional Activity-Split Holistic assessment of these options: Deduction and detailing of target picture Project results
Project target: Development of a shared service concept for Europe
Detailed description of an organizational target picture for the bundling of Finance services in Europe Development of a governance concept to process related steering of this new organization Derivation of synergies, description of the necessary conditions and development of an implementation plan
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“The development of shared service structures require not only a clear and proven methodology but also change management. A successful approach necessitate full involvement of national companies” Dr. Alexander Tarlatt Managing Director