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Finance (CFO)

Company Size & Timeframe

  • $12 million in revenue
  • 3-4 days/week, 3 months
  • Results

    • Closed subordinated debt in less than two months, reducing existing LOC by 3%
    • Saved company $100,000 annually through debt restructuring
    • Increased forecasting accuracy with less than 10% deviation
    • Improved cash flow forecasting and timely payables
  • Company Profile & Position

    • Family-owned
    • Interim CFO
  • Situation

    • No reliance on integrity of financials
    • Untimely reporting
    • Inaccurate sales forecasting
    • Internal systems not suitable for distribution company
    • Needed to restructure debt and raise additional capital
  • Implementation

    • Successfully negotiated subordinate debt offering
    • Revamped financial forecasting models to strengthen integrity
    • Created new reports to support the VP of Sales
    • Aligned purchasing with sales forecasts

Cerius Insights

Now I don’t have to be embarrassed when I present financial numbers to outsiders, as I no longer need to make excuses for errors made in preparing financial projections.”

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