Industry: Midsize, Manufacturing Company (Retail) Client Overview The owner of a privately owned company maintained five data streams that captured more than 30,000 transactions plus shipping per month. The streams of data, however, were not integrated with each other, so a four-person Finance Department needed to manually combine the data using unwieldy manual spreadsheets. The… Continue reading Transforming Data Into Insight
(This story originally appeared in Exit Planning Exchange.) By Eric Segal The banking landscape has consolidated in the last three years. Maybe it was runaway inflation that caused cost-cutting branch closings. Or it was bigger banks gobbling smaller banks for quick market share. And let’s not forget the industry’s ongoing march toward digital transformation, which… Continue reading Are De Novo Banks Ready for a Comeback?
(This story originally appeared in Manufacturing Dive) By Chris Delaney When it comes to managing their business, manufacturers need much more than historical financials to project their future revenue, profitability and liquidity. Historic numbers simply capture what has happened in the past—but traditionally do a poor job predicting where a company will be in the… Continue reading Short-List KPIs: Why Manufacturers Need More Than Historic Data
You have spent most of your life building a successful business—but now it’s time to exit. In the midsize market, unfortunately, buyers have the advantage in mergers and acquisitions. Let’s face it: they tend to be serial buyers and practice tends to make perfect. On the other hand, if you are selling your business, you’ll… Continue reading 5 Ways Sellers Get Their Worth
Tim Jung, a director at CFO Consulting Partners, was recently featured on CFO.com describing the key steps needed to upgrade your finance team, keeping the growing pains to a minimum. Too many companies believe the finance and accounting arm just somehow works like gravity, but without an upgrade to the next level, everything will eventually… Continue reading In the News: 5 Ways to Upgrade Your Finance Team
We launched a new practice to support our clients with accounting for acquisitions. When an existing business acquires a new entity, there is an inordinate amount of work to be done, which may be overwhelming for the acquirer and a conflict of interest for its accounting firm. That is where we come in. We perform… Continue reading We Support Opening Balance Sheet Acquisition Accounting