
| Role: | Chief Financial Officer |
| Period (Duration): | 03/2025 to 02/2026 |
| Company: | Producer of high-end leather notebooks |
| Industry: | Production of luxury goods |
| Revenue: | EUR 19 M |
| Employees: | 110 |
| Situation at the client: | The company doubled its output year-on-year for three consecutive years without having financial processes and reports in place |
| Place of Business: | Vienna |
Responsibility:
- All financial duties.
Mission:
- Ensuring liquidity
- Significantly shortening the monthly closing process
- Introduction of a monthly reporting system and management steering framework
- Liaise with banks to ensure project financing
- Assessment of international expansion requirements
Measures:
- Redesign and digitalize all processes where appropriate
- Definition of a structured process for month-end closing
- Definition of financial KPIs
- Support of the ERP vendor selection process
- Design of a structured personnel planning approach
Successes:
- Bringing down the monthly close process from 6 weeks to two
- Digitization of the invoice workflow
Special Challenge:
- The person in charge of finances left the organisation at the beginning of my engagement which gave only limited time for the hand-over.
- The existing processes were characterized by a high degree of bureaucracy, and there was little understanding that it could also work without it.