Global PLC provider of ingredients and solutions for the food, beverage, and industrial markets, for over 160 years

The Challenge

Our client needed to migrate their existing US Fixed Asset function from a temporary Finance Team in Decatur, US, to a newly established Global Business Service (GBS) in Lodz, Poland. The company’s Fixed Asset Registers were split across 9 group companies valued at $917m. There were over 300 Construction in Progress projects valued at $167m remaining to be capitalised.

The Solution

We spent over 3 months in the US –

• Job shadowing
• Process mapping
• Documenting tasks
• Clearing a backlog of project spend to be capitalised

There followed 4 months of work, transferring knowledge and providing training to the new Fixed Asset Team in Lodz, re-defining best practice processes, and establishing new ways of working to improve performance and efficiency.