S+H Consulting

Case Study

Interim CFO + Finance Transformation

Construction

INDUSTRY

100

EMPLOYEES

$40M

ANNUAL REVENUE

Background

Our client needed to enhance the finance function to support visibility required to avoid covenant breach and manage through a 30% business downturn immediately following their acquisition.

Objective

  • Analyze TTM actuals to identify non-recurring activities which impacted business performance
  • Assume financial oversight and improve forecasting process to enhance credibility of reporting
  • Establish cash flow forecasting process to support working capital optimization
  • Prepare annual budget at business line, entity and functional level to ensure effective performance management

Solution

  • Identified over $2M of non-recurring activities which helped avoid covenant breach
  • Established forecasting process for each business line that enhanced confidence and avoided covenant breach
  • Built prototype to enable partners to provide feedback and input
  • Implemented cash flow forecasting process to establish cadence of working capital conversion each
  • Successfully completed the budget preparation and enhanced the board reporting process for successful budget approval

Enhanced and transitioned a finance function which significantly enhanced the performance management capabilities of the business and garnered improved confidence from debt and equity holders.

Share this post

Knowledge Hub

Comprehensive Three-Statement Model

Forensic Accounting

Streamlining Year-End Closures and Reconciliations

Acquisition Enhancement

Valuation for Internal Equity Transfer

Interim Controller

Scroll to Top
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors