Case Studies
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Case Study 1
Enhancing Profitability: How An Accounting Subscription Team Transformed Financial Leadership Relationships With Their ClientsIndustry: Senior & Assisted Living
Entity Type: Privately Held
Operating Region: West & Mid-West United States
Facilities Managed: 10+Problem: The company was growing quickly but did not have accurate and timely financials to managed and advise their business owners how to efficiently operate their facilities.
Solution: A team of seasoned accountants along with our Controller were brought in on a monthly subscription basis to provide the ongoing customized expertise to deliver timely and accurate reporting for management decisions.
Result: An efficient automation process was put in place to help catch and stabilize the preparation of timely and accurate financials to measure actual to budget results. Credibility was solidified with owners that resulted in cost savings and enhanced profitability.
Timely financials and development of KPI reporting
Cost savings in labor and overhead by over 30%
Resolved many financial challenges
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Case Study 2
A Compelling Story And Accurate Financial Records Resulted In A Multi Million 2x Valuation Business SaleIndustry: Commerical Pool
Entity Type: Privately Held
Operating Region: Southwestern United StatesProblem: The owner has worked hard for many years to grow his business, but a personal matter arose that created a need to sell and exit his company quickly.
Solution: Our team of CFOs and accountants worked diligently with the owner to understand his situation and developed a roadmap for exit. We reviewed his current financial records and documentation that was in disarray. Transactions were unproperly categorized, historical reconciliations were not performed and this resulted in mistakes in financial reporting and analysis
Result: Developed a story of his journey which was supported with financial accuracy. This credible presentation and timely go-to-market process with potential VCs and investors resulted in an increased interest in the business. The credibility of our teamwork and expertise in navigating the exit process consummated a successful 2x valuation of $3.2 million from his initial sales price.
Timely financials and process to facilitate the transition of the sale
Took the necessary time to best understand the journey of the business
Exit sale of $3.2m which is 2x the initial valuation
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Case Study 3
Fractional Accounting Solution At 60% Cost Savings Working With Investment Bankers To Prepare For Business ExitIndustry: Defense and Space Manufacturing
Entity Type: Privately Held
Operating Region: Western United StatesProblem: The company's investment bankers were packaging the business for sale and were provided old and inaccurate financial reports. Financial was performed only on a cash basis, once a year by a remote tax preparer. By not having up-to-date and accrual financial statements the optimum window to sell is due to a rapidly changing investor climate.
Solution: Investment bankers asked us to help assess and evaluate the financial data and reporting processes. At that point, they were thinking of hiring a full-time controller at a base salary of $150,000 per year. We offered a fractional solution with Controller oversite and team to help develop a cost-effective process. We were able to get EBIDTA financials delivered timely at a fraction of the cost. A full-time traditional Controller was not needed.
Result: Over $100K annual cost savings with Controller oversite and timely accrual-based financials have allowed the business to strategically navigate to prepare for a successful exit with potentially higher valuation.
Timely financials and process to facilitate the transition of the sale
Expertly crafted customized solution for accounting and monthly close
Annual cost savings of 60% instead of hiring a traditional controller
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Case Study 4
With The Right Fractional Cfo And Accounting Solution, The Business Exit Was 4x Initial ValuationIndustry: Retail - Fashion & Apparel
Entity Type: Privately Held ($2M annual revenue)
Operating Region: Western United StatesProblem: The business owner has been relying solely on the accounting leadership and team to help guide her business. An unexpected circumstance arose that resulted in the Controller, Accounting Manager, and Senior Accountant abruptly quitting within a 2-week period leaving the owner in dire straits on what to do next.
Solution: We were referred by a financial partner to help quickly assess and shore up the solution. Our accounting transactional team was able to hit the ground running to quickly learn and fill in the accounting gaps. Our payroll experts helped to resolve payroll and prior payroll tax issues. Sales tax compliance, we took over to help ensure timely preparation and filing. A financial process of proper accounting and delivering accrual-based financials was put in place.
Result: In 6 months, and with proper management oversight, the business went from a negative to a positive cash flow. The business owner eventually decided to exit her business and because of credible and accurate financials, was able to achieve a 4x valuation from when we initially started our work.
Timely financials and process to facilitate the transition of the sale
Expertly crafted customized solution for accounting and monthly close
Business exit at 4x initial valuation
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Case Study 5
Over $200k In Annual Savings At 66% Discount Compared To Having To Manage An Accounting DepartmentIndustry: Software
Entity Type: Privately Held ($10M annual revenue, 80 employees)
Operating Region: Western United StatesProblem: Fast-growing company with a major client had one financial person doing HR, Budget & Forecasting and Accounting. Thus, the financial statements were not properly set up and delayed. No internal control process and lack of Controllership expertise. The business owner has been spending lots of his time shoring this up and does not want to hire at least 3 traditional employees, which were badly needed.
Solution: After an HR partner introduction and initial high-level assessment were performed, our leadership customized and delivered outstanding results via a cost-effective fractional monthly subscription. We brought in our transactional accounting team to work side by side with operations to address billing and vendor challenges. A standardized process with written documentation was developed to help cross-train and guide operations so that timely financial and accounting results could be achieved. Our fractional Controller provided oversight and guidance and included a financial forecast and budgets so that actual results could be compared to expectations of the business
Result: Rather than taking the time to find the resources, our fractional expertise and outsourced accounting team took over the process within the first week to quickly provide immediate results and advice to leadership. Rather than incurring recruiting fees, time to interview and on-board, our set fee provided the needed deliverables at the time to scale as the company grew. Over 200K in annual cost savings at a 67% discount with successful results allowed us to continue our services for over 6 years now and counting.
Timely financials and process for management decisions
Expertly crafted customized solutions for accounting and monthly close
In the last 5 years, cost savings of over $1 million versus having to manage and employ a traditional accounting department.
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Case Study 6
Fractional Controller Solution: Empowering Internal Teams, Enhancing Cashflow, And Saving Over $80k AnnuallyIndustry: Contractor
Entity Type: Privately Held
Annual Revenue: $5M – Employees: 25
Operating Region: Western United StatesProblem: Despite the company’s growth and profitability, the owner faced challenges with financial management. He received advice from various financial experts, but they lacked the implementation needed to drive real results. The long-term internal accounting team resisted adopting new technology and processes, further hindering progress. The owner also feared potential financial risks from inadequate internal controls.
Solution: We conducted an initial in-depth accounting assessment, speaking with the owner and internal accounting staff. From this, we created a comprehensive roadmap to transform their financial operations. Our solution included: On-site visits to train and guide the internal accounting team and Focused attention on addressing critical cash flow priorities. Implementation of strong financial internal controls
Result: We successfully streamlined the month-end close process and developed a customized 13-week rolling cash flow forecast. Our guidance helped the internal team improve accounts payable and payroll processing. The owner gained peace of mind by having a trusted resource to discuss financial challenges and make informed business decisions at an annual cost savings of over $80K.
Expert Financial Oversight and Timely Reporting
Risk Mitigation and Compliance
Cost Savings and Peace of Mind