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ADV Construction

Management Relay
and ERP Upgrade

ADV Construction

GCC Group (Groupe GCC), a leading French mid-sized civil engineering and construction company, generates approximately €1.175 billion in revenue and employs ~3,062 people across 52 decentralized entities in France and Switzerland. In 2017, GCC acquired ADV Construction, a Swiss structural construction specialist based in Kanton Vaud with CHF 46 million in revenue and ~200 employees.

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Revenue

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Employees

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Decentralized entities

Challenge

These specific issues indicate your company needs an immediate intervention:

Following the acquisition, GCC required ADV to align with group reporting standards, including shifting the fiscal year-end from 31 December to 30 September and implementing monthly activity measurements adjusted to final forecasts.

This created two major issues:

GCC terminated the incumbent CFO and urgently needed a 12-month interim manager with an agile approach to bridge cultural gaps, strengthen treasury management, and improve reporting processes.

Solution

I first reassured ADV’s Managing Director and GCC leadership by conducting a full balance sheet reconciliation and reviewing all year-end closing journals. This identified key risk areas, including accounts receivable and the fixed asset register.

Weekly alignment meetings with GCC headquarters were established for six months. To address system constraints, I led an ERP comparison for finance and HR modules. Treasury processes were enhanced through rigorous accounts receivable cleaning and close monitoring of customer payments.

Results

Reconciliation Revealed

The reconciliation revealed significant issues: CHF 1.7 million in uncollectible receivables required write-off, and CHF 1 million in missing salary-related accruals was identified in the 2019–2020 accounts. Combined with a CHF 700K variance from cut-off misses resolved over three months of collaboration with the financial controller, these adjustments added CHF 2.4 million to the reported loss — shifting the actual result from –7% to –13% of turnover.

Stabilized Reporting

This intervention stabilized reporting, improved cash flow, and ensured sustainable alignment between ADV and the GCC Group.

Treasury Forecasting

Extended treasury forecasting visibility from 3 to 6 months, supported by detailed per-project receivable reports flagging delays.

Unified System

Decision to extend the existing Baubit production ERP to finance and HR modules, creating a unified system from operations to group reporting.

Tangible Assets

Cleaned asset register with accurate monthly amortization; sale of tangible assets via a leasing transition generated CHF 2 million in cash, offsetting prior losses.

Deploy immediate
senior financial control

You cannot afford months of theoretical strategy.
Stabilize your operations and restore margin visibility right now.

Operational track record

Select a client logo to review the operational case study.

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