Industry: Privately Held, Telecommunications Company Client Overview A global provider of long-haul, telecommunications services wanted to identify the surprisingly high burn-rate of a recent $2 million investment. Challenge The company found that one of its partners had embezzled $600,000 of the $2 million dollar investment by setting up fictitious vendors, hiding parts of incoming bank… Continue reading Recovering Embezzled Assets (Forensic Accounting)
Archives: Posts
Forensic Oversight: How CFOs Curtail White-Collar Crime
By Meryl Ravitz Chief Financial Officers are well-positioned to put a dent in the ongoing trend of white-collar crime. Overall, 90% of significant thefts come from employees. The average embezzlement loss costs $357,650 and the average company fraud case involving a founder or executive costs about $600,000, according to research from Hiscox and Association of… Continue reading Forensic Oversight: How CFOs Curtail White-Collar Crime
Three-Part Process: How CFOs Shore Up Finance Teams for Private Equity Resell
(This story originally appeared in CFO.com.) By Tim Jung As CFO, you have 60 months before the private equity firm sells your company again. And the newly installed CEO doesn’t like the company’s reports. Maybe the reporting isn’t timely or lacks the right numbers. Maybe it doesn’t tell a story from the progress that has… Continue reading Three-Part Process: How CFOs Shore Up Finance Teams for Private Equity Resell
Diversifying Overreliance on Larger Clients (Exit Strategy)
Industry: Privately Held, National Signage Company Client Overview A $50-million national signage company, which catered to high-end, retail clients, wanted to execute an exit strategy, even though it had not turned a profit in many years. The company held a leading market share with locations in Florida, Texas and California. Challenge The company found itself… Continue reading Diversifying Overreliance on Larger Clients (Exit Strategy)
Contribution Margin: Why Profit Planning Matters for Manufacturers
By Jeffrey Appleman Manufacturers are focused on sales—not cost or profit. If they were keen on net income, manufacturers would know one key data point: contribution margin. Once you know it, the possibilities are endless for growth, sustainability and efficiency. In effect, a contribution margin is the percentage of revenue that remains after you pay… Continue reading Contribution Margin: Why Profit Planning Matters for Manufacturers
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