Group and reporting currency change from GBP to USD
Services Provided
Programme Lead
Business Challenge
Business context: The group decided to change its group and reporting currency from GBP to USD, to align with its primary market and make the company more accessible to US investors.
Delivery challenge: Business and IT had to realign to the new financial environment across 180 markets. That meant restating historical financial reports, reconfiguring the core SAP ERP and remediating more than 100 connected systems.
Risks and constraints: There was zero tolerance for error in external reporting, and everything was subject to external audit. Invoicing, payments and the financial close could not be disrupted in any of the 180 markets.
Profexec Contribution
Programme initiation: Mobilised the programme from a clean start: defined scope, governance, integrated plan and team structure, and scaled to around 150 people.
PMO and governance: Ran one integrated PMO covering business change, financial restatement and IT remediation, with clear decision rights and reporting to Group Finance leadership.
Business and IT integration: Coordinated the SAP reconfiguration and the remediation of more than 100 systems alongside the restatement of financial reports.
Audit readiness: Involved the external auditors throughout the programme, so the restated financials were audit-ready rather than reviewed after the fact.
Cutover and continuity: Planned and led cutover across 180 markets, with business-continuity safeguards for invoicing, payments and close.
Stakeholder management: Aligned Group Finance, Group Reporting, IT, market finance teams and the external auditors on one plan and one set of priorities.
Results & Business Impact
On time and on budget: Delivered within the 1.5-year timeline and approved budget.
