Global Growth Strategies for Swiss Manufacturing
Our partnership with the client involved a series of swift and strategic implementations, significantly transforming their financial and operational systems. This case study outlines how we effectively addressed their needs.
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Client Background
Livinguard Technologies is renowned for its pioneering approach in material science, focusing on enhancing materials through surface charge technology to provide superior safety and environmental benefits. As the COVID-19 pandemic intensified, their innovative hygiene solutions became crucial, necessitating an accelerated upgrade of their financial and operational systems to manage unprecedented demand.
Objectives and Goals
- Financial Consolidation: Streamline the consolidation of financial statements across Switzerland, India, and the USA.
- Operational Efficiency: Enhance efficiency in reporting and operational workflows.
- System Modernization: Transition from outdated systems to advanced, cloud-based solutions to support rapid growth.
- Consistent Growth and Support: Develop and maintain a shared service and skilled professionals team for the consistence growth and support
- Supply Chain Optimization: Improve supply chain management and inventory control on a global scale
Challenge
• Manual Financial Reporting: Existing systems could not keep up with the growing demand for accurate and timely financial consolidation.
• Outdated Software: Legacy Swiss accounting systems were inadequate for modern, cloud-based solutions.
• Operational Strain: The surge in demand strained their supply chain and inventory management systems, necessitating a rapid and comprehensive upgrade.
• Urgency for Scalability: There was an immediate need to deploy new sales platforms and automation tools to handle the expanded operations.
• Inefficient Consolidation: Manual processes for consolidating financial statements were slow and error-prone.
• Inadequate Systems: Traditional software did not support the fast-paced needs of a rapidly growing company.
• Operational Overload: Existing systems could not manage the increased volume of orders, procurement, and production.
• Urgent Needs: The need for quick deployment of new systems and platforms to support operational growth.
• Delayed Reporting: Inefficiencies in consolidating financial data led to delays in reporting and decision making.
• Operational Bottlenecks: Strained supply chain and inventory systems could not keep pace with the rapid increase in demand.
• Missed Opportunities: The inability to quickly scale online sales platforms impacted their ability to capture market opportunities
Our Approach
• Collaborative Analysis: Conducted an in-depth analysis of existing systems and processes.
• Strategic Planning: Developed a detailed roadmap for rapid implementation of solutions.
• Intensive Execution: Worked closely with Livinguard’s teams across Sales, Operations, Quality, SCM, and Finance to ensure effective and timely execution.
• Initial Assessment (Early 2020): Evaluated the existing financial and operational systems to identify critical areas for improvement.
• Roadmap Creation (Early 2020): Formulated a strategic plan focusing on urgent upgrades and integrations to meet immediate and future needs.
• Execution Plan (2020-2022): Implemented solutions in phases, ensuring alignment with Livinguard’s operational requirements and timelines.
Implementation Details
Solution Deployed
Tools and Technologies
Services Offered
Results Achieved
Efficiency Improvement
Enhanced Financial Management
Scalable Solutions
Optimized Supply Chain
Conclusion
Our strategic and rapid response to Livinguard Technologies’ needs highlighted our capability to deliver effective solutions under tight timelines. By modernizing their financial and operational systems, we empowered Livinguard to handle unprecedented growth, maintain operational excellence, and continue their mission of advancing material technology for a sustainable future. Our collaborative approach and swift execution ensured that Livinguard Technologies remained at the forefront of innovation and efficiency in a challenging environment.
