Business Controller
Business situation
This software company recently opened an office in China and needed someone to set up a range of business controls, ensuring that the legislative requirements of the Chinese authorities were being dealt with satisfactorily.
Project scope
Our independent project consultant, reporting to the Group Chief Financial Officer in
London and the onsite Operations Director, worked with the board and the management team, and directly supervised two staff members.
The work included:
- Analysing existing controls and procedures
- Suggesting changes
- Implementing agreed changes and ensuring all staff understood these changes
- Introducing the Chinese version of current software (i.e. Version B of SAP’s Business One)
- Training staff
- Introducing sales tracking software (customer relationship management)
- Increasing the registered capital and agreeing on the optimum structure for the Group
- Recruitment procedures
- Reporting procedures including audit and tax.
A substantial amount of the work involved providing recommendations and advice to headquarters in London, which required deep education on local legislative and cultural requirements..
Industry: Software
Revenue: £35 million
Client's return on investment
The independent project consultant successfully set up business controls within the timeline and budget. The SAP solution was proposed and accepted by the board as the most applicable software for the requirements of the business. Our independent project consultant proved a value added solution to the company, resulting in a 50% reduction in fees as opposed to using a consulting firm.
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