This week we spoke to Tom Shemanski, Principal with Rehmann’s finance and accounting solutions team. He serves clients in an advisory capacity, providing outsourced and interim CFO services, business financing solutions, turnaround management, strategic planning, system implementations, and transactional advisory services.

Rehmann is a fully integrated financial services and business advisory firm that provides accounting and assurance, business solutions and outsourcing, specialized consulting, and wealth management services. For 80 years, Rehmann has provided forward-thinking solutions to our clients. With nearly 900 associates in Michigan, Ohio, and Florida, they are the momentum behind what’s possible. They focus on the business of business – allowing companies and individuals to focus on what makes them extraordinary. Rehmann helps you look to the future with confidence, thanks to unrivaled expertise and integrity. Through partnerships with clients and communities, they drive impact that empowers the world.

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What do you think sets your company apart from your competitors?  

Rehmann is a full-service advisory firm. In addition to traditional assurance and tax service, Rehmann provides speciality services for R&D tax credit, PPP and ERC support, cybersecurity, and business transition support. Additionally, Rehmann offers complete back-office solutions covering transactional, CFO, HR, and IT outsourcing.  

 

Are there any new technology developments that your company is working on at the moment? 

Rehmann continues to invest in technology and processes to make managing your accounting, cash management, and financial modeling more efficient and relevant.  Outsourcing month-end closes and year-end processes allow companies to focus on what they do best.

 

What are the biggest challenges facing the injection molding industry today and how can this be overcome? 

Finding and keeping talented people is one of the biggest challenges that businesses face.  Focusing on compensation plans and flexible work arrangements are a couple of ways to address employee engagement and satisfaction. Material pricing and availability provide consistent challenges, so focusing on improving your ERP system can improve visibility to better manage these areas.

 

How do you see the sector developing in the next five to ten years? 

There will be a renewed commitment to automation due to work force shortages. In the automotive sector, companies will need to continue to invest in EV and autonomous related technology and manufacturing processes.

 

You are exhibiting at the Injection Molding and Design Expo, what are you most looking forward to?

I am most interested in evolving technology and trends in the industry, and also understanding where the industry is heading from an equipment standpoint and what level of investment will be needed to stay competitive. 

 

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Rehmann will be exhibiting at the Injection Molding and Design Expo 2022.