Case Study
Interim Controller + Clean Up Project
- Matthew Edwards
Manufacturing
INDUSTRY
45
EMPLOYEES
$10M
ANNUAL REVENUE
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.
S+H Consulting’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.
Objective
- Catchup 2-3 months of financial activity
- Establish process to maintain timely, accurate close
- Evaluate revenue and CoGS recognition processes
- Implement process to reconcile inventory perpetual
- Document processes and procedures for transition to new hire
Solution
- Caught up financial reporting on past due periods
- Developed reporting package in line with parent company’s process
- Developed close calendar and process to meet 5 day reporting timeline
- Developed revenue & margin analyses to ensure alignment of daily sales logs & monthly reporting
- Developed process to align inventory transactions between perpetual and GL
- Trained client team members to ensure continuity
SUCCESSFULLY CLEANED UP PAST DUE PERIODS, ASSUMED CONTROLLER DUTIES AND TRANSITIONED RESOURCES.
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Knowledge Hub
Implementation of JIRA projects for M&A
Multi-Location Budget Development
Purchase Price Accounting
Standardizing Accounting Processes
Bank Reconciliation and Balance Sheet Clean-Up
