Exel Composites

When Exel Composites’ finance department faced an unexpected resource shortage due to a long-time employee transitioning to a new role, the company needed immediate and skilled support for critical financial tasks and process development. Gallant’s CFO services provided Exel with the expertise needed to navigate this challenging situation and lay the foundation for continuous improvement.

The Challenge: A Sudden Resource Shortage in the Finance Department

Exel Composites Plc is a Finnish technology company founded in the 1960s. The company designs, manufactures, and promotes composite profiles and tubes for industrial applications. As a global market leader, Exel's composite solutions play a crucial role in various industries, including wind power, transportation, and construction.

A key employee's sudden departure created a significant resource gap within the finance department.This increased the workload for the remaining team members. To ensure smooth financial operations and advance ongoing development projects, Exel needed quick and reliable financial management support.

Solution through Gallant's CFO Services

Exel required immediate assistance in managing financial tasks, documentation, and the development of new processes. The solution was found in Gallant's CFO services, which provided comprehensive support in a situation that demanded quick response and solid expertise.

Gallant's Financial Advisor, Hannes Kuparinen, was selected to handle Exel's critical financial processes. He quickly took responsibility for maintaining and continuing financial reporting processes. Additionally, after the recruitment process, he helped the newly appointed Group Business Controller settle into their new role.

"Hannes was extremely helpful not only in my own onboarding but also in driving development projects forward. With his support, key financial processes continued without interruption," the newly appointed permanent employee praised.

Resulting in Process Automation and Ongoing Collaboration

With Gallant's support, Exel has streamlined several financial processes, significantly improving the company’s internal reporting. Additionally, Gallant’s expert has helped create guidelines and reporting templates for Exel’s subsidiaries, which has enhanced the accuracy of monthly financial reporting, budgeting, and forecasting.

“Gallant's flexible and expert service has proven to be an excellent choice for us. We have gained a strong partner for our development projects as well, and the collaboration has been smooth and seamless. The financial operations have run efficiently through the transition phase,” says the new Group Business Controller, satisfied with the results.

“I highly recommend Gallant’s services, especially for companies that need temporary support in financial management tasks or are facing significant changes in their team. Our collaboration continues, and I’m looking forward to what we can achieve together in the upcoming months.”