Challenge:
Systal were experiencing explosive growth prior to Inflexion’s investment, and with a sizeable new client contract, nearly doubled turnover overnight. This happened without a fully-fledged finance function in place. We were asked to provide experienced finance professionals to assist the business and Inflexion with reporting and commercial output.
Action:
We initially placed an experienced, hands-on interim CFO to scope out and implement the 100-day plan post-acquisition. Part of the remit entailed hiring a heavy-hitting Group Controller to build out the reporting to PE standard, as well as an experienced FP&A Director to build out budgeting, forecasting and overall business analysis.
Impact:
We placed candidates into all three roles within two weeks, allowing the business to quickly professionalise its finance function whilst enabling senior management to adequately choose their long-term permanent successors.