Transportation & Logistics

Optimized a $300M critical logistics supplier

Private equity-owned business that had accounting issues and poor controls
Zero visibility into cash and substandard financial reporting
Incredibly challenging data environment including 50 bank accounts, 2 different ERP systems with ~25 instances and subsidiaries domiciled in 13 countries, most with their own currency
MERU was hired to develop a 13-week cash forecast, assess the finance function, identify areas to improve processes, and assist with integration of new acquisitions

Developed 13-week cash forecast that forecast at an entity/currency level
Evaluated the Company’s finance department cash-related performance and (e.g. working capital levels)
Developed new automated monthly reporting package
Mapped key company processes (order entry, dispatch, reconciliation, etc.)
Assisted with interviewing, hiring, and onboarding of multiple key finance staff (new CFO, VP Finance, Treasurer, Controller)

Improved visibility and accuracy of cash forecast including real-time view of AP and AR levels for each of over 20 legal entities.

Dozens of completed process maps and 50+ targeted suggestions for reducing cost or complexity within the business.

Dramatically revamped finance function with superior leadership, forecasting, and business intelligence capabilities.