Case Study: Carrington Wire
£40m turnover company in Halifax manufacturing Wire Products
Products included purchased wire rods, produced products for bedding industry, springs & shopping trolleys.
Who introduced the client to e-FM?
Recruitment Agent – ABPM
Who from eFM managed the client?
Describe the client’s needs to be met
Company had introduced new ERP systems, including financial systems with little success. No trusted information could be obtained and management confidence had disappeared. The FD had lost his job. They wanted an interim FD to quickly regain management confidence in the figures generated by the new systems
How did we approach meeting the need?
We started by personally gaining the confidence of the management and ensuring that promises made were kept. Also reconstructing weekly accounts using the information sources that could still be trusted and gradually reconciling to the new system data. Once the new systems could be trusted, start to provide deeper analysis to support the information.
What was the outcome?
Management team had regained confidence in trusting the figures generated by the systems. We also raised the profile and standing of the accounts team. Finally we built a lot of interfaces with the production team for reconciling data and enabling greater data drill down
Quantify the lasting benefits for the client
Good quality management information for decision making. Significant improvement in the efficiency of the systems, enabling better use of staff time. Greater coordination between finance and productions teams