Altesia Finance

Ensuring financial continuity and a smooth CFO onboarding

at Novadip

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Project at a glance
Client
Novadip
Function
Finance
Challenge
Ensuring continuity of financial operations during a double key departure and the arrival of a new CFO.
Solution
Taking charge of day-to-day financial management while supporting the CFO in her onboarding.
Impact
A smooth transition, with no disruption for teams, and a finance function that remained high-performing and stable.
The consultant, Katya, helped me clarify certain points, and we were able to challenge some processes together to see where improvements could be made. Above all, she kept daily operations running, which ensured that my arrival was not a source of disruption for the team.
Soumya Chandramouli CFO Novadip
Soumya Chandramouli CFO at Novadip

Backround

During a phase of organizational change, Novadip, a biotechnology company specialized in regenerative medicine, was undergoing a transition within its finance team, with the departure of the financial controller, followed by the CFO. In this context, Altesia was engaged to ensure optimal continuity of financial operations and support the rapid onboarding of the new CFO.

 

Katya Ryjoukhina, an Altesia consultant, initially stepped in to take over the operational tasks of the outgoing financial controller. From her arrival, her role quickly expanded to cover a more strategic scope, ensuring a smooth transition between outgoing and incoming finance teams.

Approach

Katya’s assignment took place in several stages, in a constantly evolving environment:

  • 1

    Stabilizing financial operations

    Katya first took full responsibility for the financial controller’s duties: budget tracking, forecasts, cash management, and support for monthly closings, while also providing technical support to the accounting team.

  • 2

    Supporting the new CFO

    Upon the arrival of the new CFO, Katya played a facilitation role. She made herself available to explain in detail how the organization operated, the topics she covered, and the critical issues to take over. This reference role enabled the new CFO to settle in quickly, without destabilizing the team.

  • 3

    Continuous improvement

    Despite a demanding day-to-day workload and numerous urgent matters to manage, Katya also helped challenge certain internal processes. Together with the CFO, they explored improvement opportunities, notably around the P&L structure and overall performance management. These discussions laid the foundations for a transformation dynamic.

  • 4

    Partner oversight

    • Throughout the assignment, structured monthly follow-up with Gaël Claude, Partner at Altesia Finance, made it possible to adjust priorities, anticipate client needs, and ensure high-quality support for both the consultant and the Novadip team.
Katya Ryjoukhina consultante Altesia finance

Results

Katya’s intervention made it possible to ensure continuity of financial operations at a key moment for Novadip. Her rapid integration and her ability to respond rigorously—or to carry out the necessary research when an immediate answer was not available—were particularly appreciated.

 

  • Sustained financial performance despite key changes within the team.
  • Smooth support for the new CFO, who was able to fully focus on her onboarding, with Katya ensuring continuity of operations to avoid any disruption to day-to-day activities.
  • Reassurance for internal teams, who did not experience any disorganization despite the many changes.

Convinced by the success of this first assignment, Novadip renewed its trust in Altesia by entrusting it with a new structuring procurement project, despite strong competition. The competitiveness of the offering, combined with a close working relationship and a deep understanding of the challenges, made the difference.

Client feedback

  • Soumya Chandramouli CFO Novadip
    Soumya Chandramouli CFO at Novadip

    “I needed to understand how things worked, and Katya explained very clearly the areas she was covering. She helped me clarify certain points, and we were able to challenge some processes together to see where improvements could be made. Above all, she kept daily operations running, which ensured that my arrival was not a source of disruption for the team.”