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Results
Education
Education – Finance (CFO)

Company Size & Timeframe

  • $15+ million in revenue
  • 2-3 days/week, 8 months
  • Results

    • 15% revenue increase
    • Elimination of slow-selling SKUs; addition of other SKUs with greater sales
    • More development of distribution channels
    • Switched banks to obtain better services offering
    • Adjusted strategic plan based on cost and budget
  • Company Profile & Position

    • In business for more than 40 years
    • CFO
  • Situation

    • CEO sought help with internal management information and overall assessment of areas for improvement
    • During economic downturn, sales dropped 30+%
    • Cost-cutting was painful
    • Banking concerns
  • Implementation

    • Completed assessment, including a roadmap to move forward
    • Created a benchmark report about industry and competitors to give company more direction
    • Identified a niche in the marketplace
    • Created a manual for financial processes
    • Conducted monthly reporting analysis for channels, products and analytical schedules
    • Adjusted financial statements to show the “why” behind the numbers and where improvement is needed
    • Updated strategic plan to include financial consequences of different scenarios, leading to more informed decisions
    • Negotiated with banks for better credit line

Cerius Insights

Profit and Peace’ – That’s how one interim CFO for Cerius Executives summed up the role of a Chief Financial Officer (CFO.)

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