Accounting, FP&A and Payroll Services to a German MNC

1.    We set up their entire Finance function. Activities involved recruiting staff, imparting training on company’s processes, organizational orientation, monitor performance and set up goals for the Finance organization and employees
2.    Function as the company’s FP&A role. Devise and deliver on meaningful MIS, follow-up and report on remedial actions agreed in monthly meetings, drive cost consciousness and control, prepare budgets and forecasts working with Business heads, pricing and design and deliver on Decision Support System
3.    Setup and monitor Cash flow system. Advisory in improving cash flows
4.    Setup and monitor compliance system to ensure “0” compliance misses
5.    Strategize, budget, prepare and implement new manufacturing facility, including but not limited to land acquisition, vendor finalisation, process ( men, material, machine) flows, preparing  presentation to senior management for approval of project, monitoring spends, variance reporting, capitalization etc 

1.    # of invoices : over 1000 invoices in a month, 
2.    Timelines:- Target Turnaround time of 48 hours
3.    Limited availability of resources
4.    Erratic flow of invoices from Vendors 
5.    High dependency on vendor’s effectiveness to send invoices along with supporting evidence like loading slips, goods consignment notes
6.    Lack of automation of processes

Team Galactic Growth Advisors has been a valuable partner in our journey in India. At each step of our growth story, they have guided, when necessary, questioned if required and were not averse to giving unpleasant feedback. They are truly valuable as “Business Partners”.