90 Day Acquisition Integration
VIP SOLUTIONS CASE STUDY
Distribution
INDUSTRY
45
EMPLOYEES
$25M
ANNUAL REVENUE
BACKGROUND
Our client required a $25 Million tuck-in acquisition executed immediately after the platform purchase. The predecessor’s back office and accounting functions were remaining with the predecessor requiring expedited control implementation and transition cycle.
OBJECTIVES
Implement cash control over collections, disbursements and forecasting.
Implement close process and timeline aligned to the acquirer.
Implement flash reporting on days 3-5.
Prepare net working capital and purchase price allocation.
Transition controller duties to acquirer accounting team.
Prepare data tables for system integration.
SOLUTIONS
Implemented cash control and forecasting within first 30 days.
Implemented flash reporting, close and reconciliation in first close cycle under interim management.
Prepared net working capital deliverables resulting in desirable, on-time settlement.
Transitioned controller duties and supported on-time go-live of system transition.
Achieved on-time defined goals.
After observing our methodical process, the client requested we execute the same transition process for the platform assets.
After observing our methodical process, the client requested we execute the same transition process for the platform assets.
