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Finance Transformation for $250MM F500 Innovation Hub

Sikich

Nov 30 2022

2 min read

CLIENT BACKGROUND

A multinational aerospace corporation launched an innovation arm in response to shifting market and competitive dynamics in the aerospace industry. With a focus on developing game-changing technologies, the corporation tapped their brightest engineering and business minds to run this innovation hub out of Silicon Valley.

Overview

While opportunities were teeming on the technology side of the new innovation arm, the organization was confronted with early challenges around process, systems and a clear method to understanding, assessing and reporting on the progress of their projects, which were essentially run like stand-alone companies.

The Finance Transformation team was brought in to support the innovation arm’s newly established shared services organization.

Our Approach and Results

The team’s tasks included the following:

Assessed tools, software and overall execution methodologies of the 10+ projects
Determined most suitable technology solutions to implement going forward
Served as the project management office to help bridge the gap between engineering and project teams, as well as between shared services and organization leadership
Led a systems selection and implementation project resulting in a robust reporting and forecasting platform, Anaplan, that helped the organization align with other involved parties’ reporting requirements
Bolstered the planning and forecasting capabilities of the organization and its project teams

The experience described in this case study was performed by Accelerated Growth, a company acquired by Sikich LLP on 11.30.2022. Please click here for more information about our Finance Transformation services.

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About the Author

Sikich

Sikich is a global company specializing in technology-enabled professional services. With more than 1,900 employees, Sikich draws on a diverse portfolio of technology solutions to deliver transformative digital strategies and is comprised of one of the largest CPA firms in the United States. From corporations and not-for-profits to state and local governments and federal agencies, Sikich clients utilize a broad spectrum of services* and products to help them improve performance and achieve long-term, strategic goals. *Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC. Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor. 