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Case study
High-tech energy firm
Revitalizing a global ERP transformation: our rescue of a complex S/4 HANA-driven carve-out
A global Engineering, Procurement, and Construction (EPC) provider for petroleum and related industries faced revenue decline, organizational misalignment, and cash shortages.
AlixPartners was brought in and served as interim CFO and treasurer, focusing on cash management. We performed detailed analysis of engineering and SG&A resourcing across all businesses that resulted in the migration of many of these functions to lower cost locations. Key activities included:
- Assessed bid success, the current pipeline, and forecasted resource needs
- Developed revised business plans based on potential wins
- Proposed resource reductions and low cost country support model
- Formulated a turnaround strategy for a struggling division
Our team enhanced worldwide treasury functions, successfully collecting over $53 million in overdue accounts, and implemented $40 million in cost reductions to turnaround a challenged division from significant loss to positive EBITDA in 18 months.
