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EXPERIENCE
OVERVIEW
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CITATIONS; BUSINESS
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CITATIONS; TECHNOLOGY
Project
Citations – Business
We
have selected the following project citations, as representative
examples, to illustrate the range of our business consulting
services.
»Interim CFO
»Crisis turnaround
»Specialized reporting
through advanced application of Microsoft Excel
Service Example: Interim CFO
For:
Association client.
Challenge: Sudden/unexpected
simultaneous departure of CFO and controller.
Project: Assume responsibility
for year-end financials for multiple entities, multi-year business
plans, budgets and external audits with no support available
from departing officers. Oversee back office operations until
permanent replacements can be hired.
Result: Lead accounting
department to meet all required deadlines. Assisted in hiring
and training replacement CFO and controller.
Outcome: Smooth transition
of all accounting functions to permanent, seasoned accounting
professionals.
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Service
Example: Crisis
Turnaround
For:
Client in the high technology manufacturing industry.
Challenge: Investor-funded
company faced imminent insolvency.
Project: Within 48
hours, develop production schedule, cash flow forecast and work-out
plan. Renegotiate high rate factoring arrangement to economical
asset-based lending plan. Hire/train new controller. Establish
new metrics to re-focus management decisions on contribution
margin and order flow.
Result: Quickly stabilized
cash flow. Produced current financial statements and management
reports that renewed investor confidence enough to attract additional
capital. Re-vamped order processing procedures to maintain level
cash flow. Averted insolvency.
Outcome: Client survived
to achieve a satisfactory exit event for its owners/investors.
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Service
Example: Specialized
reporting through advanced application of Microsoft Excel.
For:
Client in the real estate industry.
Challenge: Rapid
growth, complex ownership and transaction structure causing
delays in specialized reporting required by third parties to
support expansion funding.
Project: Since reporting
structure did not lend itself to traditional database and report-writing
tools, design/develop custom “hot link” interface between accounting
database and Microsoft Excel. Design custom formulae to access
any activity or balance by company, project or account-range
at a cell level — transforming Excel into a client-specific
financial report writer. Create reports in Excel that can be
updated, refreshed and re-used complete with drill down capability.
Develop Visual Basic for Applications (VBA) programs to streamline
process.
Result: Empowered
Excel users to access their accounting database with greater
efficiency and flexibility. Reduced time and personnel constraints
so that all necessary information could be delivered to both
third parties and internal management on time and without undue
stress.
Outcome: Client flourished
in next market up-cycle. Third-parties complimented client on
quality and timeliness of information compared to peers. Enhanced
reporting played important role in reducing owner risks while
increasing capital resources.
Project
Citations; Technology
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