Upon assuming control of a fuel distribution company, the new management team sought to enhance the efficiency of the administration and finance department by optimizing internal and customer-facing processes. This initiative was driven by the high degree of manual work, absence of robust systems, significant reliance on individuals, and lack of coordination that were prevalent.
At SummaPartners, we were entrusted with guiding them through this transformation by implementing several critical initiatives. We conducted a thorough diagnosis of the company’s current state through interviews and research, identifying improvement opportunities affecting policies, procedures, controls, and systems.
We meticulously developed and executed each initiative, assessing the operational impact and mitigating associated risks. Key initiatives included:
Designing a segmented collection process, reducing portfolio delinquency by 3 percentage points
Annual procurement planning, generating USD 0.2 million in savings through improved volume terms
Function adjustments and elimination of role duplications, reducing the workforce by over 20 FTEs
The implementation of these initiatives yielded a significant impact on the company. We achieved savings of USD 1.6 million by refining processes, redistributing functions, and reducing management by 25%. Additionally, we simplified organizational complexity, improved inventory control and collections, which further positively impacted business operations.
If your company is considering optimizing its organization, talent, and culture to achieve its full potential, please contact us.