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Global Finance Shared Service Design and Implementation for a Manufacturer

Challenge

ScottMadden was engaged by a leading door manufacturer to design and implement a financial shared services center. Functions included accounts payable, payroll, credit management, accounts receivable, collections, and deduction management.

Process

  • Conducted a current state assessment of each function, including processes, organization structure, roles and responsibilities, and technologies used
  • Facilitated a future state workshop with senior leadership team to determine operating model and identified initiatives required for implementation
  • Developed detailed implementation plan for the initiatives: organization, process, technology, facilities, and communication
  • Managed the implementation and led the design of the organization, call center, and new processes
  • Facilitated training, testing, and go-live for the center

Result

  • Expected realization of more than $15 million in annual savings
  • Increased efficiency of all in-scope shared services processes
  • Increased responsiveness of the service organization to customer needs
  • Potential to incorporate additional functions into the shared services center

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