OPTIMISE MANAGEMENT OF FOREIGN SUBSIDIARIES

COOPERATING EFFICIENTLY ACROSS BORDERS

 

FERENDI simplifies and standardises management of your foreign subsidiaries, thereby reducing workload on both sides of the border.

Foreign business activities are often characterised by great inefficiencies in both communication and exchange between parent companies and their foreign subsidiaries:

  • Time-consuming coordination when developing strategies and budgets for the whole group
  • Frequent manual corrections required to align reporting structures and data
  • Intensive work expenditures for delivering goods and services across borders

These problems can occur in the relationships between parent companies and subsidiaries, cooperation models (e.g. foreign distributors), or simply in relationships with suppliers.

FERENDI initially identifies relevant interface problems through the cooperation of a mixed team of employees from both parent company and subsidiaries. In a second step, problem areas are analysed for potential improvement, and solutions are developed together with the team. Finally these solutions are tested under real life conditions and – if approved – defined as new process standards.

Work time devoted to communication and service exchanges between parent company and subsidiary are reduced: standardised information channels reduce the need for additional queries and duplicated work. In the process, local procedures become transparent to all relevant employees, which allows for the identification and reduction of unnecessary work interfaces. Clear escalation rules for critical transactions allow for quick responses that benefit the entire organisation.

Solving problems together with a mixed international team helps reduce misunderstandings that result from different market structures, business terms, and culturally influenced work behaviours: common understanding among all relevant parties is a prerequisite for lean processes.

FERENDI carries out these improvements through multilingual workshops and on site intervention – acting internationally is our strength.

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