Results

• Increased credit line and secured better banking terms
• Accounting team performing at higher level
• Increased accounting accuracy – more work with fewer personnel

Company Profile & Position

• Family-owned
• Woman-owned
• CFO

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
• Created new process to connect inventory and accounting systems
• Set up monthly closing process and templates
• Elevated/trained accounting employees
• Established reporting for decision-making
• Conducted international negotiations and lease renewals
• Worked with owners to establish strategic planning initiatives and business changes to sustain revenues, EBITDA and net income

Cerius Insights