A multinational aerospace corporation launched an innovation arm in response to shifting market and competitive dynamics in the aerospace industry. With a focus on developing game-changing technologies, the corporation tapped their brightest engineering and business minds to run this innovation hub out of Silicon Valley.
While opportunities were teeming on the technology side of the new innovation arm, the organization was confronted with early challenges around process, systems and a clear method to understanding, assessing and reporting on the progress of their projects, which were essentially run like stand-alone companies.
The Finance Transformation team was brought in to support the innovation arm’s newly established shared services organization.
The team’s tasks included the following:
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