Finance (CFO)

Interim CFO - GovCon-Construction

Finance (CFO)

Increased
LOC
Increased
accounting productivity and accuracy
Increased
decision making visibility
Great job and exactly what was needed.
Company Profile
Government Contractor, Construction
$25 million
Family owned, woman owned
Position/Timeframe
CFO
5 days/week, 11 months
Situation
Growing quickly
Considering a sale of the business
Accounting and inventory systems not linked
No financial tracking, reporting or systems in place
Standard financial operations not being completed
Implementation
Prepared company for sale including management presentations to potential buyers
Connected inventory and accounting system through new process created
Set up monthly closing process and templates
Elevated/trained accounting employees
Established reporting for decision making
International negotiations and lease renewals
Worked with owners to establish strategic planning initiatives and business changes to sustain revenues, EBITDA and net income

Results

  • Better banking terms and credit line was increased
  • Accounting team performing at higher level - increased accuracy, more work with fewer personnel