Our clients come from various industries, but they share one common goal – the desire for growth and achieving business success based on traditional values: respect, honesty, and integrity. Our External Directors and Interim Experts have the pleasure of supporting our clients’ teams in areas such as finance, accounting, HR, and operations, with a focus on developing strategies, streamlining processes, and implementing best business practices.
Case Studies
Case Study - Elstar
Polish leader in the field of distribution of stainless-steel pipes, profiles and fittings for various industrial sectors (domestic and international sales).
Turnover totaling 60M PLN per year, 45 employees.
Challenge
Lack of a transparent management information system, much needed in the context of ambitious plans to scale the Company’s operations over the next 5 years (objective: increasing market share in the sales of pipes and metallurgical products from 2% to 5%).
Plus: the Management was burdened with analytical tasks and accumulated multiple roles
Solution
Implemented comprehensive managerial reporting, taking over tasks from the Management including periodic reports, budgeting, and cash flow forecasting. Leveraged existing IT solutions to create an integrated monthly report showcasing financial insights like working capital, profitability across sales branches and product groups, and detailed cost analysis. Introduced swift Flash Reports within three days of month-end. Implemented participatory budgeting involving key personnel, incorporating profit and loss, balance sheet, and cash flow budgets. Regular comparison of current results with planned figures. Successful solution developed in a collaborative model over a four-month period, working 3 days a week. Currently supporting and overseeing the reporting process (scope of cooperation: a few days per month)
Result
The client receives consistent access to reliable financial information for both general and detailed analysis, enabling strategic focus.
The previously time-consuming process currently takes approximately 16 hours per month.
Case Study - Medinco
One of the leading distributors of medical equipment, a dynamically growing, privately-owned company, currently modernizing its processes.
Challenge
Lack of a filled Chief Financial Officer (CFO) position and absence of management reporting.
Two offices within the company structure (two locations).
Need to outsource accounting and payroll services to an external firm
Solution
- Oryx Group began the collaboration by reviewing the efficiency of financial processes, which served as the basis for appointing a suitable External Chief Financial Officer (CFO) and defining their goals and priorities.
- We reorganized the accounting and administrative department by transferring operations to an external accounting and payroll firm and consolidating the main commercial office with the Managing Director, team, and accounting firm, enabling the closure of one office.
- Experts from Oryx Group took over and improved management reporting and cash flow forecasting, and they regularly support the Managing Director/Board in financial matters.
Result
The client now has continuous access to reliable financial information, enabling both general and detailed analysis, which allows for a focus on strategy. A previously time-consuming process now takes approximately 16 hours per month.
Case Study - Volubus
Powered by technology, Sweden’s start-up Volubus aims to simplify access to group travel options. By lowering the barriers to reliable group transport by bus, they optimise domestic and international travel experiences.
Challenge
The company, with its operational headquarters in Poland (in Cracow), needed access to an experienced Chief Financial Officer who could replace the departing CFO and support the management team in financial reporting and planning to help with decision-making in a dynamic business environment.
Solution
With operations based in Cracow, Poland, the company needed access to an experienced CFO that could replace the existing retiring CFO and support the leadership team with financial reporting and planning to guide decision-making in a fast-paced environment.
Result
Volubus has current, reliable financial reporting and forecasting to support business decision-making for the leadership team, ensuring compliance with local regulations and a finance function that will continue to support the business in the future.