Organised controlling model
defining budgeting, forecasting and deviation analysis rules tailored to the specific nature of the production plant.
What was achieved?
Improving the quality of management reporting
developing a cycle of reports and analyses which support daily management decisions and medium-term planning.
Building a stronger connection between finance and operations
closer cooperation between finance, production, logistics and sales, which led to the higher transparency of costs and profitability.
Stable functioning of the controlling unit
building a foundation for the further development of the finance department and enabling the internal team to smoothly adopt the developed standards.
Do you want a similar result?
Find an expert for your project.
Project challenges
The company was in the process of creating a new finance department that would be responsible for budgeting, controlling and management reporting. At the same time, the organisation operated in a made-to-order production environment, which required a good understanding of costs, margins and operational efficiency. An experienced expert was needed who could quickly step into the role, combine a financial perspective with an understanding of production, and help organise processes at the local level in line with the group’s standards.
Development of the finance department
the need for building finance and controlling functions while ensuring the continuity of processes and reports.
Production environment
the need for translating data from production, logistics and sales into clear financial and controlling information.
Requirements of the international group
adaptation of local reports and processes to the standards and expectations of the head office.
Targets set
Development of the finance department
creating finance and controlling functions appropriate to the scale of the production plant and the requirements of the group.
Ensuring ongoing operational support
Stable management of reporting, budgeting and controlling processes in day-to-day operations.
Streamlining reporting processes
creating a transparent model for budgeting, forecasting and deviation analysis.
Supporting business decisions
providing the management board and senior management with reliable analyses of costs, profitability and cash flows.
Solutions implemented
Consistent budgeting and forecasting process
designing and implementing rules for annual planning and updating forecasts during the year, with the participation of key departments.
Reporting standards
preparing a set of management reports, cost analyses and deviation analyses.
Support for operational decisions
development of analytical tools to understand production costs, product profitability and customers better.
Interdisciplinary cooperation
close cooperation with the organisation’s operational division so that finance becomes a business partner rather than just a reporting function.
Client
Ammega Poland is part of an international group manufacturing transport systems, including conveyor belts and modular chains used in factories, logistics centres, airports and retail chains. The plant in Poland employs several hundred people and serves customers from many industries, combining production with projects for the local and global markets.
I have worked with Redegate as an Expert and as a Client. Here you can find the best competencies immediately. You are my first choice. The Experts’ proficiency always fits into at least 95 per cent.
Tomasz Ptak
Managing Director, Ammega Polska
Expert’s role and experience
Interim Financial Controller
The expert took over responsibility for financial controlling at the plant, supporting the managing director in evaluating business results, making decisions and building a new finance department. On a daily basis, they coordinated the preparation of forecasts, analyses and management reports, ensuring that the financial data reflected the actual processes taking place in production and logistics.
Many years of experience in controlling and finance in manufacturing companies, with a particular focus on combining operational and financial perspectives.
Practice in building and developing finance and controlling departments in an international environment.
Experience in working with management and operational teams, based on providing clear, useful analyses to support business decisions.
