Interim Controller & Cleanup Project

VIP SOLUTIONS CASE STUDY

BACKGROUND

A standalone business unit of mid-size company required interim control and clean up on a non-core business unit. This business unit was incurring recurring losses due to lack of financial control and visibility to the parent.

OBJECTIVES

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Catchup 2-3 months of financial activity

5

Establish process to maintain timely, accurate close

3

Evaluate revenue and CoGS recognition processes

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Implement process to reconcile inventory perpetual

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Document processes and procedures for transition to new hire

SOLUTIONS

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Caught up financial reporting on past due periods

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Developed reporting package in line with parent company's process

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Developed close calendar and process to meet 5 day reporting timeline

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Developed revenue & margin analyses to ensure alignment of daily sales logs & monthly reporting

5

Developed process to align inventory transactions between perpetual and GL

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Trained client team members to ensure continuity

Successfully cleaned up past due periods, assumed controller duties and successfully transitioned to successor resources.

STATUS DOCUMENTATION

VIP’s Project Status documents enabled an on-time delivery of project goals by outlining the timelines and status of tasks and objectives, keeping the client informed throughout the process.

Status Documentation