End-To-End Finance Transformation For Agricultural Commodities Company

Project Summary

Synergyc was tasked to lead and manage the creation of a Global Shared Services Organization for a leading agricultural commodities company. Our Client’s processes and activities had to be consolidated across multiple functions and business units into strategic locations. We had end-to-end responsibility for the transformation over multiple streams.

With the commodities sector booming during the 2000s, our client underwent considerable growth through acquisitions. As a result, multiple business lines operated under the same brand but without any synergies among them. There were multiple ERP, and Front-End Systems that were critical to the business. Accounting processes were scattered across many countries. There was a lack of standardization with similar activities being performed differently for different countries. Back-up of resources and cross–skilling were challenging and often not existent.

The Solution

We offered a specific approach tailored to the commodities operations of the different lines of business. By engaging key stakeholders from key business units and functions, we led a full end-to-end restructuring focusing on standardized processes and documentation across lines of business delivered from strategic locations. Our team managed the project planning, staffing and тransition мanagement across all locations.

The Result

Synergyc completed a seamless transformation to four strategic locations without impact on the business totaling over 600 FTEs, delivering full Accounting scope (Accounts Payable, Accounts Receivable, Cash Management, General Ledger, Closing & Reporting).
The success of the financial transformation led to additional consolidation for functions such as IT, Controlling, FP&A, Group Reporting, Compliance, Operations, Freight, and IT.