Torsten K.

Management Consultant

Berlin, Germany

Experience

Jul 2008 - Present
17 years 2 months
Berlin, Germany

Management Consultant

Self-employed

International company in the personnel services sector (> 7000 employees) based in Germany: Project manager for optimizing, automating, and digitalizing finance and accounting processes

  • Analysis of current finance and accounting processes for optimization potential, especially the level of automation and digitalization
  • Development of optimized target finance and accounting processes including evaluation of solutions for digitalizing and automating the processes
  • Support in selecting digitalization and automation solutions, including:
  • Digitalization of the Purchase to Pay process
  • Processing unstructured finance and HR documents with AI solutions to automate finance and DMS processes

International company in the food manufacturing sector (> 100 employees) based in Germany: Project manager, Finance, setting up the invoicing system for the company’s various online shops

  • Analysis of invoicing requirements in coordination with target ERP systems (e.g. SAP) and the various online shops
  • Regular alignment with finance and IT as lead in implementing the invoicing system
  • Analysis and resolution of open finance-related issues with the existing invoicing system and the target system

Renewable energy company (wholesale and installation) (100 employees) based in Germany: Team lead Finance in the introduction of Microsoft Business Central ERP system

  • Main contact for CFO, COO, finance department, and ERP project team on all finance and accounting questions related to the ERP implementation
  • Analysis, concept development, and support in implementing process optimization for finance (general ledger, accounts payable, accounts receivable, and fixed asset accounting)
  • Concept development for digitalizing finance with focus on accounts payable (P2P process)
  • Go-live and hypercare support for finance and all other company areas (procurement, warehousing and logistics, and sales) for all questions related to finance data, structures, and processes

International high-tech company in the urban air mobility sector (800 employees) based in Germany: Project manager for optimizing and digitalizing finance and accounting

  • Analysis of the existing organizational and procedural setup, especially the level of digitalization and automation of finance and accounting processes
  • Development of optimized finance and accounting processes focusing on improving the existing ERP system (Microsoft Business Central) and selecting additional tools for process digitalization
  • Support in introducing the optimized processes and tools

International trading company in the drone and drone defense systems sector (30 employees) based in Germany: Project manager for developing and supporting financing for further company growth and market entry into additional countries worldwide

  • Identification of capital requirements based on company strategy
  • Development of financing strategy focusing on equity participation and guarantees from funding agencies
  • Support in financing, including updating existing business plans and discussions with involved funding agencies and banks

International cybersecurity company (80 employees) based in Germany: Project manager for optimizing finance and accounting / interim head of finance and accounting

  • As interim head of finance and accounting, ensured ongoing bookkeeping, supported month-end closing, and closely coordinated with the responsible tax advisor
  • Analysis of existing business plans, processes, and structures in accounting and existing controlling structures and tools
  • Development and introduction of optimized finance and accounting processes and structures, including tool selection to increase end-to-end digitalization in finance and accounting (including upstream systems like Stripe as billing system and downstream systems like data warehouse)
  • Development and introduction of controlling instruments by product and division
  • Further development of the business plan

WNS Global Services (finance outsourcing) (> 40,000 employees) based in India: Project manager for DACH region market entry strategy (Germany, Austria, and Switzerland)

  • Development of the market entry strategy for the DACH region
  • Identification of marketing and sales cooperation partners by country in the DACH region and overall
  • Setup and go-live of direct marketing activities for the DACH region from the headquarters in India
  • Identification of the DACH region’s specific requirements for outsourcing (e.g. target mapping of onshore/nearshore outsourcing)
  • Support in initial offers in the DACH region resulting from the implemented direct marketing activities

ThyssenKrupp AG (> 150,000 employees / DAX30) based in Germany: Project manager for service provider selection for finance process outsourcing

  • Analysis of incoming provider proposals and optimization of proposal documents to improve commercial terms
  • Standardization of finance processes to be outsourced and development of related process documentation
  • Support in negotiation processes with individual providers, including planning and conducting on-site negotiations in India

Stadtwerke Oranienburg (> 100 employees) based in Germany: Stream lead for introducing digital process organization and optimizing organizational and procedural setup in finance and accounting

  • Design and build of digital process organization in leadership, core, and support processes
  • Evaluation and selection of an integrated management system to map process organization and company processes
  • As part of the digitalization strategy, evaluation of a process mining solution, including analysis of existing data structures in the ERP system

Service company (> 300 employees) based in Germany: Project manager for goods procurement process management and digitalization of business processes in the retail division

  • Analysis and optimization of existing goods management process between wholesale and retail
  • Rollout of optimized goods procurement process
  • Development of digitalization strategy for the overall process from ordering, listing management, field support, and invoice creation to accounts receivable management for the retail division

Tele Columbus AG (> 1,000 employees) based in Germany: Project manager for finance and accounting, introduction of Oracle ERP as group-wide unified ERP system

  • Analysis of requirements and optimization potential for finance and accounting in the introduction of a group-wide ERP system
  • Definition of target finance and accounting processes based on identified optimization potential and target ERP system requirements
  • Support in creating functional specifications and requirement documents to implement requirements from accounting business areas
  • Independent execution of subprojects for digitalizing previously manual processes in the Oracle ERP system, including analysis of current processes, definition of target processes, and support in implementation

Karstadt AG (> 10,000 employees) based in Germany: Subproject manager for building accounting in the spin-off of a business division

  • Definition of accounting organizational structure relative to upstream and downstream business areas
  • Development of procedural organization including interface definitions (process and ERP interfaces, Microsoft Dynamics 365 Finance & Operations)
  • Support in ERP implementation including test definition and execution
  • Economic feasibility analysis and support in outsourcing the entire incoming invoice processing

REWE eG (> 100,000 employees) based in Germany: Subproject manager for financial reporting and controlling in an ERP migration

  • Analysis of internal and external financial reporting and controlling requirements along the supply chain:
  • National and international procurement
  • Warehouse management (storage, cross-docking, and direct shipping)
  • Sales
  • Development of financial content and setup of reporting and controlling in the target ERP system
  • Support in implementation in close coordination with IT consultants

Service company (> 2,000 employees) based in Germany: Project manager for benchmarking and optimizing accounting and outsourcing debt collection

  • Analysis of existing organizational and procedural setup in accounting
  • Development of optimized organizational and procedural setup in accounting to increase efficiency and optimize staffing
  • Support in implementing the optimized setup in accounting
  • Economic feasibility analysis of outsourcing the debt collection area
  • Support in outsourcing the debt collection area (creation of criteria catalog, compiling long and short lists of providers, preparation and support in the decision process for an outsourcing provider)
  • Support in negotiations with outsourcing providers up to contract negotiation and critical review of outsourcing contracts

Adidas AG (DAX30) based in Germany: Subproject manager for change management, business process optimization, and test planning in an international ERP project

  • Mapping existing business processes in a business area, identifying optimization potential, and designing and implementing new processes
  • Planning go-live user tests and support in test preparation

Franchise company (Top 3 in impulse franchise ranking) based in Germany: Head of Finance (interim)

  • Leading finance and accounting
  • Responsible for month-end closing, monthly reporting, and annual financial statements
  • Monthly reporting of key figures to shareholders
  • Revenue forecasting and cash and liquidity planning
  • Personnel responsibility for 5 employees

Project manager for the following projects:

  • Outsourcing bookkeeping to an external service provider
  • Developing controlling and reporting processes to plan and manage franchise sales, franchise marketing, end-consumer marketing, and franchise operations
  • Design and implementation of controlling and reporting structures for financial KPIs of franchise partners
Jul 2006 - Jun 2008
2 years
Berlin, Germany

Associate Partner

ACENT AG

Controlling

Logistics service provider (> 1,000 employees) based in Germany: Project manager:

  • Optimization and/or implementation of project and portfolio management
  • Review and modeling of project and portfolio management processes
  • Adjustment of the underlying project organization

Logistics service provider (> 1,000 employees) based in Germany: Project manager:

  • Optimization and automation of group reporting
  • Optimization of content and structure of group reporting
  • Design of group reporting implementation in SAP BW

Logistics service provider (> 1,000 employees) based in Germany: Subproject manager:

  • Setup of controlling during the spin-off of service functions
  • Concept and implementation of the controlling organization and processes
  • Setup of the reporting structure to manage the spun-off company
Oct 2005 - Jul 2006
10 months
Berlin, Germany

Management Consultant

Self-employed

Various manufacturing and energy companies based in Germany:

  • Development of a financing strategy for mid-sized companies (e.g. new site for a glass factory, expansion of a meat processing site), focusing on business plan development, bank presentations, and financing strategy derivation
  • Assessment of planned investment eligibility under EU and national funding guidelines
  • Planning and support for the commercial setup of companies/sites
  • Choice of legal form and support, e.g. for GmbH formation
  • Setup of administrative processes (controlling, finance, and accounting)
  • Selection of business software
Apr 2005 - Sep 2005
6 months
Berlin, Germany

Managing Consultant

Horváth & Partners

Strategic IT management consulting

Company in chip card manufacturing, test equipment, and paper processing based in Germany: Subproject manager:

  • Conducting a benchmarking project for administrative processes (e.g. finance and accounting, controlling, HR, legal)
  • Deriving target objectives based on benchmarking results
  • Initiating initial cost reduction measures in the reviewed areas
Sep 1998 - Mar 2005
6 years 7 months
Berlin, Germany

Senior Consultant

Capgemini

From 1998 to 2001 Senior Consultant at Gemini Consulting. Gemini Consulting legally merged into Capgemini in 2001, from then Senior Consultant at Capgemini.

Finance & IT Transformation

Mobile network operator based in Germany: Subproject manager:

  • Identification of IT cost-saving potential:
  • Optimization potential in organizational and procedural setup, especially efficiency of existing IT processes
  • Focus of the study was on project organization and execution, service delivery, and service support
  • Benchmarking of IT with comparable companies
  • Development of optimized organizational and procedural setup
  • Design and introduction of IT processes

Chemical company based in Germany: Project manager:

  • Definition, selection, and implementation of a business process outsourcing partner for selected finance processes. Implementation of controlling processes to manage the outsourcing partner

Telecommunications company based in Germany: Project manager:

  • Conducting an assessment of organizational and procedural setup of technical areas:
  • Strengths/weaknesses analysis of organizational structure and identification of procedural improvement potential
  • Development of a concept to optimize organizational and procedural setup, preparation for implementation
  • Implementation of the developed organizational structure:
  • Project organization and execution
  • Application and infrastructure management
  • IT operations and service support
  • In addition to organizational setup, corresponding IT processes were implemented

The following service management processes were implemented:

  • Service Level Management
  • Service planning (especially availability and capacity management)
  • Service integration and service creation

Energy company based in Germany: Project manager:

  • Optimization of organizational and procedural setup for SAP BW in the Solution Center Business Data Management
  • Analysis of optimization potential in organizational and procedural setup in the Solution Center Business Data Management
  • Development of concepts, quick wins, and processes to realize optimization potential with focus on support organization and administration
  • Support in implementation

Chemical and pharmaceutical supplier based in Switzerland: Project manager:

  • Identification of IT department optimization potential regarding:
  • Organizational structure, roles and responsibilities, process and project organization
  • Application landscape
  • Benchmarking IT department with other comparable companies
  • Based on findings:
  • Developed optimized IT organizational structure, including roles and responsibilities
  • Assigned IT department services and offerings to organizational functions

Publishing company based in Germany: Subproject manager:

  • Conducting an audit of deployed business IT applications and systems for future viability and adaptability to company strategy
  • Development of IT strategy for business applications and systems considering audit findings
  • Outlining possible migration strategies to implement recommended IT strategy

Automotive manufacturer based in Germany: Subproject manager:

  • Creating the business case for the "e-Business Strategy Development" project and coordinating with subprojects in vehicle development, integrated supply chain management, customer relationship management, and internal processes

Motorcycle manufacturer based in Germany: Subproject manager:

  • Developing the business case for the "Cost Structure Optimization in Development, Production, Sales, and Administration" project

Mid-sized consulting, system, and integration firm: Project manager:

  • Preparing and conducting the management workshop on future direction of the client in IT and management consulting
  • Support in creating the product/project portfolio for the company’s strategic alignment

Chemical and pharmaceutical company based in Switzerland: Subproject manager:

  • Optimization of administrative processes (finance, controlling, IT, and general services) at corporate headquarters and European branches
  • Evaluation of introducing a shared service center for European branches and headquarters

Aluminum processing company based in Germany: Subproject manager:

  • Optimization of finance and accounting processes:
  • Analysis of existing processes and design and alignment of optimized processes
  • Support in implementing the optimized processes
  • Evaluation of cost/benefit potential of introducing a shared services center for European finance and accounting processes

Major European postal market provider: Subproject manager:

  • Introduction of optimized fixed asset accounting processes and structures and reorganization of finance and accounting
  • Preparation for organizational integration of fixed asset accounting into the finance structure with eight national shared service centers for accounting
  • Support in the internal project "Mapping Corporate Reorganization in Finance and Accounting"
  • Subproject management of mapping corporate reorganization in the ERP system (SAP R/3)
Sep 1994 - Aug 1998
4 years
Berlin, Germany

Consultant

KPMG

Information Risk Management

Diversified group with three business units based in Germany:

  • Business process optimization in accounting and development and introduction of a group-wide uniform chart of accounts
  • Support for the client in developing long-term IT strategy
  • Development and implementation of controlling and budgeting tools including software selection
  • Integration of cash management tool with accounting software and optimization of payroll to accounting integration

Telecommunications company based in Germany: Interim head of finance and accounting:

  • Personnel responsibility for 20 employees
  • Responsible for month-end closing and monthly reporting
  • Optimization of accounting processes and execution of controlling projects in cooperation with the controlling department
Sep 1994 - Aug 1998
4 years
Berlin, Germany

Auditor

KPMG

Information Risk Management

  • Audit of individual and consolidated financial statements of medium-sized and large corporations
  • Fraud audit in the internet/electronic commerce area
  • Audit for improper use of company accounts and unfair contract arrangements
  • Use of conventional research methods and internet research

Summary

More than 25 years of professional experience, of which 21 years in management consulting. Another 4 years of experience in auditing and audit-related consulting

Key focus areas:

  • Optimization of business processes (Business Process Optimisation), especially finance and accounting processes, developing business plans, and conducting benchmarking projects
  • Digitalization of finance and accounting processes in procurement (P2P), sales (O2C), general ledger and controlling, fixed asset accounting, month-end and year-end closings, and other finance-related processes (e.g. HR, operations)
  • Building controlling structures and processes, especially performance measurement systems, group reporting, project and IT controlling, among automotive industry companies
  • Design and implementation of finance and accounting processes and structures considering ERP implementation requirements (e.g. SAP, Oracle ERP, Microsoft Dynamics 365 Business Central, and Microsoft Dynamics 365 Finance & Operations)
  • Negotiation and professional review of contracts in service provider engagement and outsourcing of finance and accounting processes

Languages

German
Native

Education

Oct 1988 - Jun 1989

Georg-August University

Physics · Göttingen, Germany

Georg-August University

Diploma in Business Administration · Business Administration · Göttingen, Germany · with distinction

Jugenddorf-Christophorus School

High school diploma · Bad Zwesten, Germany

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