3 Ways you can use Interim Management
All projects on time and within budget
Met all revenue goals with recovery from production issues
Successful transition to acquiring company within 60 days
100% of orders shipped, no operational mishaps
Increased inventory management & accuracies
Inventory audit increased from 30% to 100% compliance
Employees were very satisfied with the Employee Engagement meetings
Employees felt heard and empowered to suggest improvements in key
More structured and consistent salary increases and reviews for less friction
Competitive marketplace salary structures help retain talent
Performed analysis on internal offerings and surveyed against current state of the market
Created business case to close the identified gap above
Determined it would cost a couple of million dollars to get product to competitive level in already saturated market
Delivered full presentation with all discoveries and recommendations
Decreased legal costs by over $500k
Increased paperwork compliance to 100%
Over $1 million savings with PEO
Increased reporting visibility
Increased production by 35%
Decreased labor costs by 50%
Increased contribution margin by 10%
Created marketing roadmap and detailed execution plan
Created quantitative marketing metrics
Built sustainable marketing infrastructure
Reduced procurement process by 1/3
Reduced time to initiate Fund Development
Reduced fines/fees due to processing delays
Retained 100% of staff incl. leadership through transition
Successfully hired new full-time CAO
Increased board credibility
Lowered quick quits by 4%
Over 300 leaders trained on Hiring & Interviewing
Standardized online templates and sample tools
Eliminated duplication of efforts
Reduced past due receivables from 50% to <10% in 2 mo.
Reduced staff by one person
Reduced monthly close cycle from 7 to <5.5 days
Hired new HR Director in less than two months
Reduced recruitment paperwork by 85%
Reduced time to hire by 7 days
Reduced month end close from average of 15 days to 9 days
Stopped high turnover
Contracts stayed within terms and met required budgets
34% increase in annualized donations
Reduced outsourced marketing costs by 60% , same services
Sales & enginerring working together & supported
Increased marketing involvement
40% improvement in EBITDA
Reduced average customer wait time by 75%
Increased data driven focus for continuous improvement
Over $5M in relocation incentives
No unwanted attrition due to closure
No litigation
25% Capacity Increase
49% decrease in backlog
>47% increase supporting shipments of WIP
Internal shift to new product offering
Centralized sales & marketing functions for quicker speed to market
Accounting books closed by 5th of each month, reporting ready by the 10th
Increased R&D capacity by 2x
Created autonomy & leadership throughout the company
Increased sales 7% over forecast
Developed marketing plan providing predictable lead generation & on time product development
Sales increased 24% w/no addtl' hires
Reduced costs by 10%
Increased customer service rating from 2.5 to 4.5
Relocation: 100% key leadership/support staff identified & relocated
95% staffing needs met
No disription of operations
Brought 6 month overdue product to market in 1 month adding $2M to revenue
Executed restoration, recovery and medial actions for major outage
Closed subordinated debt in less than 3 mo.
Debt restructuring saved $100k annually
Increased forecasting within 10% accuracy
Maintained margin distribution
Reduced admin support cost by 20%
Reduced resource planning time by 50%
Successfully sold with credible finances
Maximized cash proceeds at sale to owner
Decreased insurance costs
Increased LOC
Replaced position w/FT new hire when prior VP past away
Increased sales 14% overall, 36% in region
Increased retention & offer acceptance
Increased acquisition team productivty by 4x
Quicker issue resolution w/ better local knowledge of culture
Reduced sample order lead time by 50%+, increased volume capacity by 3x
Overall cost reductions w/decreased defects, rework & lead times
Prevented covenants default
Increased financials accuracy
Brought reporting current
Obtained unqualified audit report
Saved company $2 MM to avoid product launch in saturated market
Connected company w/strategic partner to enter market
Pipeline grew from zero to 35 in 1st 3 months
Prospects & piepline expected to exceed revenue plan by 7.5%
Moved up new product introdutions to provide additional 10% of unplanned revenue
Protitable in 3 month
Return reduced by 90%
Inventory reduced by over 16%
Prepared company for sale including management presentations to potential buyers
Better banking relationship with increased LOC
Reduced health insurance costs $250k
Reduced workforce 10% due to redundancies
Closed $3M deal
Helped bridget European/US cultural gap w/in sales
Prevented high potential for turnover in sales
50% Scrap reduction
78% Overtime reduction
43% revenue growth
11 out of 16 new prospects closed
Retained 2nd largest client
Initiated first European distributor partner
36% reduction in COGS
4% reduction in scrap
Reduced product line variability
Exceeded sales quota by 15%
Created sales tracking & reporting
Personal goals exceeded
ISO Audit went from 5 to 0 quality issues
Increased accountability and strategic plan execution
Reduced inventory and warehouse space each by 20%
Reduced lead time by 1/3
Increased revenue 15%
Replaced slower SKUs with greater selling SKUs
$7 MM IT budget reduction
All projects on time & under budget
Reduced retuns by 75%
Improved engineering lead time by 60%
Employee turnover reduced by 75%
Reduced marketing distribution costs by 50%
Increased leads by 500%
Increased revenue 20%
$3.3 million annualized payroll savings
Partial sale of company for 1.6x revenue in severly restructed market
Successful transition to new company
Disposal of remaining assets via chapter 11 & conclusion of all legal issues
Improved website design generating 7% revenue increase
Mathematical model to measure marketing program returns
Product sales attributed directly to ads pilot project
12% increase in membership in one year
Largest group addition increase in company history
Largest member increase year ever
All depts. became agents for marketing & sales
Doubled staff size with team to fit growth plan
Opened new distribution channels w/experienced talent
Cerius was incredibly responsive and professional in this process, and they provided flexibility in the way we managed the transition…Read more →
I have recommended Cerius to numerous CEOs with the same need. Cerius is a strategic solution for key functions.
