Initial Situation
Impending Crisis
A market leader in insurance software was on the brink of collapse. Multiple failures had severely damaged its reputation. At the same time, shareholders were losing confidence – caused by a lack of transparency and inadequate reporting.
Challenge
Three Acute Crisis Areas
The company was struggling with failed major projects and inefficient development processes, while negative annual results and non-transparent cost structures threatened liquidity. At the same time, the lack of shareholder trust was blocking every strategic decision.
Strategy
Two-Stage Transformation Plan
The interim CTO pursued a two-stage transformation approach. First, he stabilized the company through a consolidation program. In parallel, he drove forward the strategic realignment with the implementation of a detailed execution concept.
