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
Results services
Results services

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

See what Cerius can do for you.

Cerius Insights – Customer Quote

 

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.”