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.
1. Financial Consolidation: Streamline the consolidation of financial statements across Switzerland, India, and the USA.
2. Operational Efficiency: Enhance efficiency in reporting and operational workflows.
3. System Modernization: Transition from outdated systems to advanced, cloud-based solutions to support rapid growth.
4. Consistent Growth and Support: Develop and maintain a shared service and skilled professionals team for the consistence growth and support
5. Supply Chain Optimization: Improve supply chain management and inventory control on a global scale
• 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• Outdated Software: Legacy Swiss accounting systems were inadequate for modern, cloud-based solutions.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.
1. Inefficient Consolidation: Manual processes for consolidating financial statements were slow and error prone.
2. Inadequate Systems: Traditional software did not support the fast-paced needs of a rapidly growing company.
3. Operational Overload: Existing systems could not manage the increased volume of orders, procurement, and production.
4. 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
• 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.
• Financial Systems Transition (Late 2019 – Early 2020): Transitioned from traditional Swiss accounting software to Xero cloud accounting. This move enabled real-time financial management and streamlined reporting.
• ERP Integration (Q2 2020): Rapidly implemented DEAR Systems/Cin7 ERP tool with seamless integration with Xero. This upgrade was crucial for managing inventory and production efficiently.
• Sales Platforms Setup (Q3 2020): Deployed online sales platforms including Shopify, Amazon, and Sendcloud. Integrated these platforms with existing systems to ensure seamless operations. Achieved a record setup of eight stores in three months.
• Automation Tools (Q1 2020): Implemented AP automation tools and developed a controllable ecosystem to enhance financial operations and reporting efficiency.
• Supply Chain Management (Late 2021 – 2022): Conducted comprehensive stock counts across multiple warehouses and integrated the data into inventory control systems. Optimized SCM processes to support global operations effectively
1. Financial Consolidation and Reporting: Automated financial consolidation with Fathom and transitioned to Xero for cloud-based financial management.
2. ERP and Automation: Deployed DEAR Systems/Cin7 ERP and AP automation tools to streamline operations.
3. Sales Platforms Integration: Established and integrated online sales platforms to manage increased demand.
4. SCM Optimization: Enhanced supply chain and inventory management with real-time data integration.
• Financial Consolidation and Reporting
• ERP Implementation and Integration
• AP Automation and Ecosystem Management
• Online Sales Platform Setup
• Supply Chain Management and Optimization
• Customized Reporting Automation
Achieved a 50% improvement in reporting efficiency with Fathom
Rapid implementation of ERP and sales platforms enabled effective management of increased operational demands
Real-time oversight and improved financial processes with Xero.
Effective SCM processes and inventory control supported global operations
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.