Date(s) From-To |
2005-2006 |
Project |
Implementation of controlling and reporting for parent company. |
Company |
Sitronics Telecom Solutions, Czech Republic, a.s. |
Industry |
IT, ICT, software development, IT hardware production |
Position |
Financial Director |
Business situation before the mission |
The company grew significantly during last years, sales, profit, number of employees were doubled every year. |
It was very difficult to manage the company under these circumstances without any detailed planning, forecasting and controlling activities. |
Parent company was registered in Russia and it was listed on London Stock Exchange. Sitronics had to prepare financial reporting in accordance with CZ, Russian and US GAAP. There was neither IT nor personnel structure needed for it in the company. |
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Business situation after the mission was completed |
Detailed financial plan per product was established. Company could ask banks for external financing for future expansion. |
Forecasting and controlling functions were established. |
Detailed reporting in accordance with CZ, Russian and US GAAP was established. |
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My contribution to the result |
I analysed the given situation and decided what the structure of financial departement would look like. |
I built the new controlling department – I chose and hired all new personnel for this department. |
I discovered necessity of having detailed financial plan per product for new financial year. |
I designed structure of the financial plan per product for new financial year. |
I implemented detailed planning, forecasting and controlling activities in the company for CZ, Russian and US GAAP purposes. |
I chose and managed implementation of new reporting system (Lighthouse) working above accounting system (Scala). |