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Financial Feasibility Assessment: Osram Sylvania N.A.

FalconRock-osram

Challenges

  • The financial processes in the Americas region for our global manufacturing client were plagued by inefficiencies and complexities, leading to significant challenges in financial closing, budgeting, reporting activities and revenue leakages.

Objectives

The study aimed to increase the efficiency of Corporate/ Business Unit and Legal Entity, including tax reporting in North and South Americas, and generate agility in case of portfolio adjustments by addressing people, processes and systems [SAP ERP (3 instances), BW, Hyperion (2 Instances), Peoplesoft, Salesforce, MS Dynamics & Great Plains] across 7 countries

Solutions

  • Alignment of CFOs & VP of Finance Stakeholders in 7 countries
  • System & Process archaeology across 21,000 transactions processing points with visualization
  • Technology Landscape Assessment
  • Order-to-Cash and Procure-to-Pay Improvements
  • Vendor Assessment & Selection
  • Program Increment Planning and development of  architectural runway
  • Digital Transformation Strategy & Roadmap

Tangible Outcomes

  • Delivered 21 recommendations across people, processes, and systems
  • Plugged revenue leakages of over $48.5 million
  • Reduction in obsolescence and RMA by over $6.5 million annually
  • Enhancements led to Annual recurring savings of over $500,000 with ROI within 1.5 years
  • Improved cash flow management
  • Consistent and reliable financial reporting across the region
  • Enhanced agility in financial integration of new acquisitions

Results

By implementing this comprehensive transformation strategy, the organization significantly improved its financial efficiency and effectiveness of financial operations across the Americas region. The proposed changes resulted in substantial cost savings but also positioned the company with reliable financial reporting and improved agility, decision-making, growth and future portfolio adjustments in an increasingly complex business environment.