Case study 1: Manufacturing business
Industry: Manufacturing
Turnover: $10-15M
The situation:
- No dedicated finance function or visibility of company financial performance
- Strategic vision and plans required strong finance presence in organisation
Scope of work:
- Establishment of finance function
- Financial reporting regime implemented
- Working capital management and control
- Establishment of due diligence data room
- Management of IT, HR, customer service, logistics
Type of engagement: Monthly retainer
Outcome:
Annual cost savings of $250-300k implemented, successful business sale and integration
Case study 2: Professional services
Industry: Professional Services
Turnover: $2-4M
The situation:
- Inconsistent processes across client base
- No internal financial reporting and controls
Scope of work:
- Establishment of finance function
- Best practices implemented to support client service provision
- Cost reporting and allocation across customer base
- Cashflow reporting and forecasting
- Key weekly business reporting
Type of engagement: Weekly / Day rate
Outcome:
Best finance practices implemented for internal and external clients, identification of margin to align with services allocated to clients
Case study 3: Financial services
Industry: Financial Services
Turnover: $1M
The situation:
- No forecasting in place to assist business growth
Scope of work:
- Implementation of weekly cashflow reporting and forecast
- Monthly meeting to discuss business financials and strategy
Type of engagement: Monthly retainer
Outcome:
Clarity of short and medium term cashflows allowing for key business decisions to be made
Case study 4: Financial services
Industry: Health Care Services
Turnover: $15-20M
The situation:
- New business owners required strong financial function and reporting
- Cultural change to support growth by increased support to budget/department owners
Scope of work:
- Support of IT/ERP system upgrade
- Establishment of departmental budgets and reports
- Collation of historical financial data
- Management of new finance team across several locations
Type of engagement: Monthly retainer
Outcome:
Profit improvement of 5-10% per annum, successful business transaction
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