Danone South Africa, a subsidiary of the global FMCG giant, engaged Synergy Evolution to conduct thorough fixed asset verification and reconciliation at its manufacturing and distribution facilities — ensuring that the production floor reality matched the financial asset register.
The Challenge
Production environments contain high-value, complex machinery that requires specialised verification approaches.
Multinational reporting requirements under IFRS demanded precise asset classification and depreciation accuracy.
Production downtime was not an option — verification had to be conducted without disrupting manufacturing operations.
Cross-referencing local asset records with global Danone corporate systems required careful data mapping.
Our Solution
Delivered comprehensive asset management services tailored to FMCG manufacturing environments.
Conducted physical verification across production facilities without disrupting manufacturing operations.
Reconciled the FAR with corporate financial systems to ensure IFRS-aligned reporting.
Provided compliance and accuracy standards appropriate for multinational corporate reporting.
Outcomes & Deliverables
Key Results
- Complete physical verification of all production and distribution assets.
- FAR reconciled with Danone corporate financial systems.
- IFRS compliance achieved across all asset categories.
- Zero production downtime during the verification process.
- Improved visibility into asset condition and remaining useful life.
Core Deliverables
- Delivered asset management services for a major FMCG manufacturer.
- Conducted physical verification across production facilities.
- Reconciled the Fixed Asset Register with corporate financial systems.
- Provided compliance and accuracy standards for multinational reporting.