Fonterra · FMCG · 40 countries
A central finance R2R operating model across 40 countries, enabling a major divestment
Appointed by the CFO to lead a central finance record-to-report operating model for the world's largest dairy exporter: one global P&L for R2R and analytics, one central finance department, and business partners supporting the business.
40countries on one central finance model
Challenge
Finance was run through decentralised country P&Ls across 40 countries, with many ERPs, charts of accounts and definitions of key metrics. The business needed one trusted view of performance, and a structure that would support a divisional divestment.
What I did
- Led global R2R process design and standardisation with the finance team and EY.
- Led operating model redesign with McKinsey and EY: one central finance department handling R2R, with finance business partners supporting the business.
- Defined which roles would change or be centralised, and planned the people transition across 40 countries.
- Made a single global P&L available for R2R and analytics across the organisation, with commercial reporting on pricing, profitability and margin.
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