Case Study
Multi-Location Budget Development
- Adam Tauzel
Residential Services
INDUSTRY
1,000
EMPLOYEES
$75M
ANNUAL REVENUE
Background
A recently created fast growing platform with 20+ locations required a bottoms-up budget to inform daily operations and future acquisition growth.
Objective
- Obtain historical financials to identify trends and drivers
- Interview management and key employees to determine short- and long-term strategic goals
- Develop a consolidating bottoms-up budget model focusing on revenue build up, personnel, variable expense, and corporate expenses
- Prepare board of directors’ budget presentation for review and discussion
Solution
- S+H worked with various team members to extract financial data from the industry specific ERP solution, enabling ongoing updates
- Successfully completed detailed discussions with key personnel to refine drivers and impactful seasonality trends
- Provided training to the finance and accounting team to enable ongoing monthly updates for budget-to-actual comparisons
Developed a 20+ location consolidating operational budget to inform daily operations and enable future acquisitions.
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