Invensys Controls (formerly Ranco) is an Invensys plc Group company (28,000 employees
worldwide, £2.6 billion turnover) which markets, designs, engineers, manufactures
and sells controls, systems and services for the heating and safety industries at
home and abroad. 250 – 400 employees and an annual turnover of £60m. ( www.invensys.com
)
ACHIEVEMENTS / IMPROVEMENTS
Implemented improvements in Cash management, forecasting and reporting, by: Introducing
On-Line Payment and Reporting system, creating Excel Forecasting tools and initiating
procedures – improved Operating Cash to 33% better than planned.
Implemented improvements and provided training in use of ERP, MS Office & Hyperion
Group Reporting systems, by creating linked and appropriate reports that assisted
management decision making – improved profitability through control of costs.
Significantly improved quality of Control Account Reconciliations, by introducing
discipline of monthly reconciliations –ensured compliance with IFRS and achieved
successful year-end audits and improved Company results and forecasting.
Successfully migrated finance department activities from Maidenhead (due to site
closure) and merged in Plymouth site.