Systems & Reporting

Inadequate management information systems, reporting

Standard financial functions not being completed; no financial tracking, reporting or systems in place

Implementation

  • Established reporting for decision making
  • Elevated/trained accounting employees

Results

  • Accounting team performing at higher level
  • increased accuracy, more work with fewer personnel

No budget available for busy season; no financial reporting or processes in place

Implementation

  • Created interactive cash flow budgeting model – Hired full time Controller for everyday needs

Results
Decreased insurance costs

Lack of decision making tools

Implementation
Established reporting

Results
Accountability in place with measurements

Inaccurate financials


Implementation

Aligned customer terms with industry standards improving profitability

Results
Aligned customer terms with industry standards improving profitability

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