Redesigned the finance function and managed key controls for a pet food manufacturer

Client : Renowned Supplier of Quality Pet Food Products

Service Offered : Redesigned the finance function and implemented critical controls for people, policies, and processes

Sector / Industry : Food processing

Client
Objective

Headquartered in France, our client is one of the leading pet food manufacturers and has a distribution network throughout India. They identified certain lapses within the internal control framework and realized that their finance organization design was not optimized. The client approached Nexdigm to assist them in identifying the role and efforts spent by the existing finance team, compare the same with industry trends and design an efficient organizational structure for their finance function. It also included project management of the implementation of critical controls in the finance department.

Client
Solution

To strengthen the internal controls, we carried out the following exercise:
Prioritization and consolidation of key controls

  • We understood the existing processes, policies, roles, and responsibilities of the finance team.
  • Based on the review of their internal audit reports and group controls, we consolidated the key controls relevant to the entity.
  • We prioritized the key controls and defined actionable for the implementation of controls for the finance team.
solution
Impact
  • Significant cost savings of 5-10%
  • Achieved efficient and scalable finance function as per the growing business needs
  • Conducted an assessment to ensure the effectiveness of the implemented internal controls

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