Our Work
We embed as operators, fix what's holding the business back, and leave it stronger than we found it. Here's what that's looked like across 40+ businesses across 80+ projects.
INTEGRATE & ACQUIRE:
Following two bolt-on acquisitions, we needed to integrate, uplift and automate the finance function to remove cost.
After two bolt-on acquisitions, a private equity portfolio company needed to improve and take cost out of its finance function to deliver the investment case. We embedded a CTO to automate its payroll and accounts payable/receivable processes, freeing headcount to redeploy and handing a fully trained team the tools to run it.
Identify areas to uplift performance and reduce headcount cost through automation within a Finance function.
The Challenge:
Private Equity portfolio company acquired two bolt ons with efficiencies required to deliver against investment case.
We identified 4 headcount across AP and Payroll where roles could be automated and/or redeployed.
Duration – 2 months
The Project:
Our Approach
Delivered the project team to Brisbane – CTO and Project Leader.
Diagnosis and definition of the project completed in 2 days.
Interviewed CEO, Board and functional leaders to fully understand thechallenge.
Payroll automations:
Implemented Employment Hero with maximum automations – full implementation including payroll, onboarding/off boarding, goal setting and reviews, etc.
Project was complicated by a series of unique employee contracts (some under awards), REM structures and misaligned payroll cycles.
Integrations into Xero and bespoke software relevant to the sector – drawing timesheet data. Automated allocation of cost base between COGS and overhead.
Worked with Employment Hero support to implement bespoke development and work arounds.
Supported 4 payroll cycles – parallel and post go-live.
AP automations were completed using OCRs.
Full training and hand over to the internal team.
Our Response:
The Results:
Payroll time reduced from 8 days to 1.5 hours per fortnightly cycle. Headcount of 4 FTE redeployed or made redundant across both functions.
Delivered by Steve Orleow
The Current Future difference
We embedded, automated the heavy lifting, trained the team, and made ourselves redundant. The business was left with a leaner finance function, headcount freed to redeploy, and automated processes its own people could own.