Managing financial information in an international environment: Case study

MICHIEL VAN MOURIK (FINANCIAL DIRECTOR)

25 NOVEMBER 2014

Agenda

• Verder Group

• Lack of quality of information

• Information: our objectives

• How we have organized our information

• Demo of Board

• Our Benefits of Board

• Wrap up

Verder Group history

Van Wijk & Boerma Empo

Verder Pumps South Africa

2nd Generation

Family Verder

Autoclude

50 YEARS Verder Verder GPM

Alimex Retsch China

Hydrover

Carbolite Eltra

Retsch India Retsch SEA Verder DK

Catag Endecotts

Glen Creston Retsch Russia

Gero

Resato Verder India

Microdos

Since 2009 doubled business to €200 mln

and tripled number of employees to 850

Liquids

Scientific

Products in Division structure

1(Saint Petersburg, Russia)

1(Neuss, Germany)

1(Kopenhagen, Denmark)

7(Haan, Germany)

1(Katowice, Poland)

1(Praha, Czec)

1(Ubstadt Weiher, Germany)

1(Bratislava, Slovakia)

3(Bucharest, Romania)

1(Sofia, Bulgaria)

1(Budapest, Hungary)

1(Vienna, Austria)

1(Wehr, Germany)

3(Basle, Switzerland)

1(Luxembourgh, Luxembourgh)

1(Torre Boldone, Italy)

1(Madrid, Spain)

1(Eragny, France)

2(Aartselaar, Belgium)

4(London, England)

1(Ochten, Netherlands)

8(Vleuten, Netherlands)

2(Hope, England)

5(Leeds, England)

1(Groningen, Netherlands)

Lack of quality information

• 60 different environments with ERP , Excel, etc.

• More than 200 Excel files linked every month

• Endless discussion about the correctness of figures

• Finance people were correcting reports instead of Controlling

Information: our objectives

Standardized Integrated information and KPI’s

How to get there?

• Standardize

• Optimize

• Structure

• Any place, any time,

any way

How to organize our information

= IT platform independent

Board ICT structure

Demonstration

Dashboard Verder

Analysis

Consolidation

Board: our benefits

• ERP system independent

• Shared tailored information

• No duplication

• One truth of data

• Historical data available

• Easy comparison

• End user interface Excel

• Any place, any time, any where available

Wrap up

• Define information GAP

• Commitment of the business

• Start small grow fast

• Board is: flexible, system independent, multi purpose.

LIVE DEMO

Mention during Live demo

• Reports, dashboards, scenario’s

• Processes/workflow

• Authorised users, log files

• Users can make their own reports/menu

• Offices addin, Excel output

• Filling of analysis, manuals

Main menu

Financial overview

Budget cost analysis: drill down

Benchmark

Waterfall

Sales drill down