Accelerating finance transformation for Marelli

Marelli, a global mobility technology supplier to the automotive sector with an established track record in innovation and manufacturing excellence, has built a functionally focused global business services (GBS) over the last seven years. This effort led the company to recognize the need for expanding transformation capabilities for its finance function – one that fast-tracks performance management, brings enhanced controls over procedures and policies, and improves cost. That’s when our partnership got the green light.

Our partnership was focused on the management of the GBS finance towers for three company sites: Mexico, Slovakia, and China. As part of our strategic intervention for the business, we worked as one team to upskill talent, address process and control needs, and avoid backlogs. The finance transformation brought a significant evolution for record-to-report, accounts receivable, accounts payable, and sales processes.

The outcome? A state-of-the-art center of excellence that delivers faster insights and value to customers and suppliers. Our open book and joint ownership approach fueled huge improvements in internal process controls. Together, we designed forward-looking transformation plans that solve the challenges of tomorrow, today, and improved key business metrics. This initiative reduced its operational costs by 40% in record time and enabled great savings.