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Renewi: operational support & optimization

Key messages

GL support

Organizational fit

People first

The author of this article -
Renewi chose TriFinance as a partner for operational support to ease the workload for the finance team and to think about possible optimisations.

About Renewi

Renewi is a leading player in the ‘waste-to-product’ business. By collecting and recycling waste into reusable raw materials, the company contributes to a circular economy. Renewi is created in 2017 by the merger of Shanks and Van Gansewinkel, and is listed on the London Stock Exchange.

The challenge

After the merger of Van Gansewinkel and Shanks, all financial activities of the Benelux region were centralized in the existing Shared Service Center in Lommel (Belgium). Since the different locations worked with other systems, the integration brought along several challenges.

Why TriFinance?

Just like TriFinance, Renewi focuses on the growth of its employees. “In addition to the day-to-day operations, we also try to stimulate our employees by offering challenging projects to work on. That way, they can continuously sharpen their skills and this gives them the opportunity to grow within the SSC.” says Bert Pauwels, Manager General Ledger at Renewi.

Renewi and TriFinance have a similar organizational and cultural environment: non-hierarchical, informal setting, open with a very approachable management. For both companies, it is important that a project consultant fits within the team and they both consider opportunities for job broadening as a given.

“We were looking for someone who was immediately up and running, and who could take over the tasks without much time for transfer. During this busy integration period, things evolve quickly. It was important that the follow-up of ongoing projects was guaranteed. In addition, we wanted someone with the necessary drive and insights to look at possible optimisations. Steven turned out to be the ideal match!”, explains Bert Pauwels.

The good thing is that we didn’t have to look at another party for extra projects. They were simply taken along.
Bert Pauwels, Manager General Ledger at Renewi

The result

Steven De Smedt, Project Consultant at Blue Chip Boutique Transition & Support (T&S) Antwerp, started at Renewi as GL bookkeeper. In this role, he did the follow-up of the financial administration of a number of Dutch entities in the COOLREC department (reprocessing electronics and plastics into new raw materials).

“After successfully supporting the team in the first month-end closing, Steven asked if he could help us with additional tasks. At that time, a number of outstanding projects needed follow-up. We saw added value in entrusting them to Steven, so that the team could focus on the year-end closing,” according to Bert Pauwels.

Next to the daily support of the GL team, Steven worked on an instruction for the implementation of IFRS16. He also finished a project on the implementation of a new financial package for the preparation of the annual accounts for all Belgian administrations. “The good thing is that we didn’t have to look at another party for this. The projects were simply taken along,” adds Bert.

Furthering of our project consultant

Steven: “Both the open communication culture and the ability to broaden job responsibilities made it possible for me to further develop my skills, and to really contribute to the organisation.”

The appreciation was mutual, because, according to Bert, Steven has exceeded his expectations thanks to his ‘desire for more’ and his thorough know-how.

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