Interim Chief Financial Officer for Financial Management

The Situation

Agir Graphic Group, based in France, manufactures and distributes printing and direct marketing solutions. The group turned to IXPA for financial management following the resignations during the closing period of the chief financial officer, the accounting manager and the financial controller.

The Solution

We worked with our French partner ACTISS to appoint an interim CFO to take over the financial management of the group, and to arrange the annual closing of accounts. He worked with senior management to restore a consistent, streamlined and effective finance division through a phased approach. An audit was carried out to identify key issues and priorities, assess existing teams, and analyze problems with the IT system. The function and processes of the finance division were assessed, and a plan to upgrade the ERP (enterprise resource planning) was developed to ensure more reliable results. In the final phase, a bank loan was finalized for a capital investment, and work began to recruit a new finance team.

The Outcome

Stability was restored to the finance division. The annual closure of accounts was completed on time, and a new finance team recruited. A finance division appropriate to the size of the company was created, including new, effective processes and operating systems.