At DyAnsys, Dieter has played a major role in financial policy, controls and reporting. He is the official mentor and coach to the accounting teams in the three entities. With his guidance, the DyAnsys books are in auditable shape, which is unusual for a company of this size. He helped with this to ensure that DyAnsys was prepared for a liquidity event at any time.
Dieter had a career spanning 50 years with Hewlett Packard in Germany and at corporate headquarters in California with a focus on implementing and improving international accounting and tax processes within the administration.
Prior to HP, Dieter had a three-year apprenticeship with a German textile manufacturer. After working in all of the major departments, he was hired as a junior accountant.
He joined Hewlett Packard as a full-time accountant when the company was in start-up mode. His role included the monthly accounting, moving the company from manual spreadsheets to an accounting machine, and implementing formal monthly reporting.
As business demands increased, Dieter became manager of the general accounting function and hired staff. The scope of his role increased to include tax and cash management. When the dollar grew weaker, the team implemented a dual currency accounting approach and moved from a mechanical accounting machine to an IBM main frame.
In the US, Dieter worked on corporate financial reporting, corporate tax, internal audit and treasury. He managed the legal reporting team for several years and worked with controllers worldwide to improve reporting quality. The result was moving up reporting by about four working days to meet the goal of having reliable data in a timely way and avoiding October surprises, since HP’s fiscal year end was in October.