Concentro | Reference in the automotive industry

Sector: Automotive Industry
Product Range: Heated Seats
Revenue: EUR 130 M
Employees: 3000

Initial Situation

A total of 8 operating companies in Europe, Asia and America
Different regional entry systems and chart of accounts
Costly annual consolidation of actual numbers in Excel with partly considerable differences
Planning and reporting is only possible at the income statement level
Regularly significant differences between reporting and HGB accounting at group level
Dissatisfaction of the financing banks with the data quality

Procedures and Services

Inventory and goal definition during a workshop
Installation of the financial software "Lucanet”
Reading 6 companies on document level and automatic identification of IC entries
Transformation routines for the monthly data of 2 other foreign companies
Development of a planning and reporting structure for all individual companies and the group
Training a newly installed group accountant

Results

Prompt monthly reporting of profit and loss, balance sheet and cash flow for individual companies and at group level
Significant improvement in transparency within the companies and the group as well as for external stakeholders such as banks
Significant increase in the controllability of the entire group with the same workforce
Significant improvement in the speed and quality of consolidated financial statements

Source: Concentro

Corporate Strategy

A long-term corporate strategy is the basis for the sustainable success of the business. Especially in this area, the neutral view from the outside is extremely valuable: As a management consultancy, we support our clients in detecting the need for corrections, in defining clear corporate goals and in supporting the implementation.

Management Control

Management control is one of the most important business tasks in the company. The planning and control is often summarized under the term "controlling" and includes a variety of tools that help in the planning, evaluation and control of business ratios and processes. A core element of the management control is integrated corporate planning. As a corporate consultancy, we assist our clients when it comes to the efficient implementation of integrated corporate planning and thus management control.

Increase in Value

What is a company worth? This question can only be answered insufficiently by looking at the balance sheet. On the one hand, assets listed on the balance sheet – such as buildings, land or machinery – rarely match the true market value. And secondly, the total value of the company largely depends on how efficiently – that is, with what returns -– the total capital can work. In the long term, the value of the company can be increased by optimizing returns and costs as well as the use of capital. With careful analysis, we determine for our clients in which areas of the company potential value drivers are hidden and how their potential can be translated into concrete value increases.

Corporate Development in the Automotive Industry