Standing up a new finance organization

A global Pharmaceutical Company (Former Parent) had spun off one of its businesses creating an $18 Billion Biopharmaceutical Company (New Company).
The Former Parent had agreed to provide support services (e.g., HR, Finance, IT, etc.) to offset the limited infrastructure of the New Company post-spinoff.
As the Former Parent was committed to providing only temporary support, the New Company had to create its organization swiftly.
Our mandate was to stand up a finance organization for a $4 billion International Division including 30 countries.

Developed a new business operating model by which some activities remained local and the rest were transferred to a Shared Service Center (SSC) and an Outsourcer’s Site.
Documented activities and procedures.
Outsourced tax compliance.
Stood up a Shared Service Center in Costa Rica.
Planned and executed transition of work from 30 countries to a Shared Service Center and an Outsourcer’s Site.
Streamlined processes for all countries in scope.
Shortened Accounting Closing from 6 to 2 days.

Stood up the new Finance Organization within a 12-month timeframe.
Project executed with minimal disruption to the business.
Reduced the cost of the finance organization by 20% via efficiency gains and labor arbitrage.
Freed up time to Country Management so that they could devote more time to grow the top and bottom line.
Ended support from the Former Parent ahead of time allowing seven-digit figure savings.