Acquisition Scaling Leads to $16.5MM Savings

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Acquisition Scaling Leads to $16.5MM Savings

Client Overview

A leading geographically diversified industrial and engineering solutions company.

Deployed Capabilities

Transactions
Financial Advisory

12% Cost Improvement

The implementation of our strategic plan realized operational synergies and reduced costs.

$16.5 MM Annualized Savings

Our client realized annualized savings through our created synergies.

3 Month Implementation

Our streamlined procedures were expeditiously implemented across all accounting areas.

The
Challenge

Our client had yet to realize operational synergies following many mergers and acquisitions. They came to Sirius Solutions for help to optimize their operations. A strategic plan was required to consolidate and improve the finance and accounting departments to establish scale and efficiency throughout their organization.

The
Custom 
Solution

Sirius Solutions compiled a multi-disciplined team to analyze our client’s current finance and accounting functional-level responsibilities to uncover redundant tasks. Based on this detailed review, our team of industry experts designed and implemented streamlined and standardized accounting and finance procedures and built output-based reporting to monitor desk performance, resulting in significant benefits to our client.

The
Impactful
Results

The procedures our team designed and implemented reduced our client’s costs by 12%, saving them $16.5 MM per annum. These savings were realized in three months across all our client’s accounting activities, including cost accounting, corporate accounting, accounts payable, accounts receivable, and invoicing.

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