Interim to Permanent CFO Engagement

VIP SOLUTIONS CASE STUDY

Manufacturing

INDUSTRY

25

EMPLOYEES

$70M

ANNUAL REVENUE

BACKGROUND

Our PE client recently acquired a business with an interim CFO need. We sourced an experienced resource in the same region as the company to immediately assume responsibilities and enhance processes.

OBJECTIVES

  • Assume control and oversight responsibilities of finance and accounting
  • Review and revise underlying assumptions to re-forecast the 2022 budget
  • Firm-wide review and implementation of reductions in cost
  • Create a more robust formal process for the 2023 budget

SOLUTIONS

  • Integrated into accounting, treasury, and finance teams
  • Prepared net working capital and opening balance sheet accounting on time
  • Developed a revised forecast
  • Managed liquidity via cash control and vendor management caused by unexpected market impacts

INTERIM CFO CONVERTED TO PERMANENT HIRE,
provided key insights on company-wide strategies, and reviewed areas of immediate operation improvements.

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