Finance and Accountancy Briefing
Business entities management case study: The Greenfield Group
The Greenfield Group Limited is a wholly-owned enterprise based in the UK. The Greenfield Group Limited comprises Elmac Technologies, the global flame arrester specialists; KnitMesh Technologies, world leaders in the manufacture and marketing of knitted mesh components; and La Cafetière, the hot drinks specialists who have established an international café culture brand in Europe and North America. With annual revenue of £20 million, The Greenfield Group Limited has more than 200 employees and oversees operations in the UK, the Netherlands, the USA, South Africa and China.
Managing three separate and unique businesses on Excel spreadsheets increasingly became more difficult for the finance team. As the company became more complex through acquisitions, keeping all the formulas and links accurate became nearly impossible. Due to the global nature of the business, the organisation operates using four different currencies, the British pound, the US dollar, the South African rand, and the euro in The Netherlands.
This case study looks at how the business leveraged new software to manage multiple currencies, improve budgeting and increase flexibility.
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