CASE STUDIES
How we have helped our clients
Fractional CFO Services for an Engineering Company
CFO | Ongoing
A 50-person engineering company faced a significant challenge with disjointed coordination between operations and accounting. The lack of integration hindered the recognition of work in progress and unbilled amounts in the accounting system, impacting financial reporting and strategic planning.
Challenge
As the appointed Virtual CFO, we addressed the challenge by implementing robust processes to integrate various systems seamlessly. This included streamlining communication channels between operations and accounting, ensuring accurate recognition of work in progress and unbilled amounts. Our solution aimed to enhance visibility into financial data and promote efficient collaboration between departments.
Solution
The implementation of integrated processes yielded remarkable outcomes. Improved reporting mechanisms provided a clearer financial picture, enabling informed decision-making. The ability to accurately recognise work in progress and unbilled amounts enhanced the company's planning capabilities, fostering strategic initiatives. As a result, the engineering firm experienced increased margins and operational efficiency, marking a transformative shift in financial management practices.
Result
Consolidation for a Medium-Sized Company under IFRS Standards
Accounting | 2023
A medium-sized pharmaceutical company with global subsidiaries faced complexities in financial reporting. The challenge included consolidating diverse financial statements, eliminating intra-group transactions, and ensuring compliance with IFRS standards.
Challenge
Our team identified reporting entities, assessed control, and harmonised accounting policies across subsidiaries. Intra-group transactions, including internal margin on inventories, were duly eliminated. Using a consolidation worksheet, fair value adjustments were made where necessary. The consolidated financial statements were prepared, meeting IFRS disclosure requirements.
Solution
This streamlined consolidation process provided our client with accurate and compliant financial statements, enhancing transparency for stakeholders. External audit validation further instilled confidence in the reliability of the reported financial performance and position.
Result
Vendor assistance in a Due Diligence process
Corporate Finance | September 2022
Our founder took the helm as the primary financial advisor of the seller advisors in an international M&A campaign.
Challenge
We supported the seller in the planning and preparation phase. During the due diligence, we assisted the buyer in their due diligence efforts by providing the requested information and addressing any inquiries that arose during the process.
Solution
As an integral part of the team, we contributed to the success of the operation by exceeding the expectations of the seller.
Result