"Reese Partners helped Huhtamaki realize significant cost savings of over $2 million a year. The expertise provided by Reese Partners was superior to what we could have done internally, with respect to both quality and time. They brought an objective view that couldn't be replicated internally, worked within a tight timeline and presented what made the most sense given both current and future business trends."
"Reese Partners assessed our current state of effectiveness and efficiency at our Grant Park Engineering Center, benchmarked us to similar operations and recommended opportunities for improvement. They brought great industry knowledge that supported the benchmark, plus brought a fresh set of unbiased eyes to the assessment."
Business Case
The client, a highly successful financial services unit of a leading manufacturer, offers a full range of services to product dealers and their customers. They wanted to expand the volume and range of their services, but in order to support financial operations in multiple locations and expand cash-related infrastructure for planned growth, improvements had to be made in their existing cash-related operations. The organization needed to develop documentation and operating procedures.
Reese Partners Role
Reese Partners teamed with the client's finance executives to develop and administer a project plan for the company's initiatives and to create an inventory of each location's cash transactions. After researching these inventories, Reese Partners professionals reviewed all cash-related operations. This thorough analysis and Reese Partners' ability to anticipate the company's needs and objectives allowed it to develop a comprehensive plan with specific tasks, events and milestones.
Client Success
The client realized significant improvements by: » Facilitating project management sessions to communicate priorities and resources and to resolve obstacles; » Creating and/or documenting cash operational policies and procedures; » Recommending improvements to enhance efficiency and internal controls over cash operations; and » Assessing required staffing skills and staffing levels.
Results
The project plan was delivered and executed within targeted time frames. All identified policies and procedures have been implemented and additional opportunities for operational improvement were identified and communicated to the client.
