Addressing sales losses in a major manufacturer
The Situation
A Tier 2 company specialising in gearbox components fell into a significant sales decrease during the financial crises of 2008. The challenging situation affected the mother company and a recovery was needed.
The Solution
Our client appointed a WIL Group member partner as the CFO. A financial diagnosis was made that identified clear weaknesses and a recovery plan was implemented which included treasury stabilisation, working capital optimisation levers and improved reporting.
The Result
Short term treasury stabilisation was achieved
Implementation of new financial processes
Implementation of new financial processes
Multi-Country Solution - Leveraging resources from:
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