Customise Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorised as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyse the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns.

No cookies to display.

Situation

In a bold move, a HVAC company relocated from Florida to Minnesota to be closer to a key supplier. Wanting to start off on the right foot in this new market, management sought the expertise of Growth Operators® to perform our strategic nextLEVEL® Value Creation Plan of the accounting and finance functions and processes.

Execution

Once management saw the framework of our nextLEVEL® Value Creation Plan, they quickly engaged our team to dig into the details of their operations. Working through the process, it was clear where the gaps were between the existing processes and functions and the best practices for finance and accounting. Specifically, the team performed the following tasks:

  • Interviews that focused around key areas of accounting, finance, business intelligence, planning & analytics, and more
  • Developed a gap analysis of those areas in a clear report and scorecard of strengths and weaknesses
  • Presented to management with recommendations
  • Assisted with the implementation of the prioritized recommendations

Result

With deliverables that included a scorecard by function, a list of recommendations, and phased timeline for implementation, management had what they needed to make actionable decisions. Part of the solution was to engage Growth Operators to do the following:

  • Convert the accounting records from cash to accrual basis, to be in accordance with GAAP.
  • Create a monthly financial package and review results with management.
  • Establish an annual budget and 13-week cash flow forecast.
  • Provide guidance and training to internal staff.
Topics
  • Finance & Accounting Transformation
  • Interim Management Finance & Accounting
  • Planning & Analytics
Industry

Value-Added Distribution

Team Size

1 Partner, 1 Director

Duration

1 year +

 

Exit Readiness Whitepaper

"*" indicates required fields

Full Name*