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 – 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.”
