Case Studies: Transformative Results Achieved with Interim CFOs
Unlocking Financial Potential, Empowering Business Growth
Impact of Interim CFOs: Real-world Success Stories
At Interim-CFOs.com, we are proud to showcase the transformative impact our experienced team of interim CFOs has had on our clients’ businesses. Our strategic financial expertise, coupled with in-depth industry knowledge, has consistently delivered remarkable results for companies across various sectors. From raising capital to financial planning, prepping for audits to automating systems, systemizing record-keeping to personnel management, our case studies exemplify the tangible value our Interim CFOs bring to the table.
CASE STUDY #1
Technology Company Serving The Food Industry
Outsourced CFO + Capital Raising Assistance
RESULTS
$23 million raised in growth capital
Hired over 100 employees during our involvement
Annual revenue grew from $4 million to $15 million
✔ Upgraded Accounting Systems:
Transition from an inefficient QuickBooks desktop setup to cloud based QuickBooks Online and eventually to highly scalable ERP system Intacct.
✔ Established Financial Planning Process:
Developed the company’s first financial projection model. Led the actual vs. budget performance measurement process, which increased accountability and helped fuel rapid growth.
✔ Capital Raising Assistance:
Created investor-ready PowerPoint deck and supporting financial analyse. Led due diligence and assisted with negotiations.
✔ Trained And Mentored Finance Team:
Including the Accounting Manager, who was soon promoted to Director of Finance and took over our duties.
Technology Company Serving The Food Industry
Outsourced CFO + Capital Raising Assistance
RESULTS
$23 million raised in growth capital
Hired over 100 employees during our involvement
Annual revenue grew from $4 million to $15 million
HOW WE HELPED
✔ Upgraded Accounting Systems:
Transition from an inefficient QuickBooks desktop setup to cloud based QuickBooks Online and eventually to highly scalable ERP system Intacct.
✔ Established Financial Planning Process:
Developed the company’s first financial projection model. Led the actual vs. budget performance measurement process, which increased accountability and helped fuel rapid growth.
✔ Capital Raising Assistance:
Created investor-ready PowerPoint deck and supporting financial analyse. Led due diligence and assisted with negotiations.
✔ Trained And Mentored Finance Team:
Including the Accounting Manager, who was soon promoted to Director of Finance and took over our duties.
CASE STUDY #2
Crypto Asset Startup
Outsourced Controller To Prepare For An Audit
RESULTS
Successfully underwent audit and raised series A shortly after our work was done
✔ We reviewed and reconciled every bank, credit card account & crypto exchange or wallets from day one making sure everything was properly and systematically classified.
✔ We automated their systems using auto syncing, QB rules and other apps such as expensify and bill.com.
✔ We reviewed & tested outstanding liabilities as well as equity accounts & corresponding entries.
✔ Completely rearrange the general ledger & regroup them in sync with GAAP rules.
✔Established best practices for revenue recognition.
✔ Setup a system in box for record keeping considering that these documents, receipt, agreements and statements would be requested by the auditors.
✔ Set up with our outsourced team so they could get through the day to day with minimal time from our senior staff.
CASE STUDY #2
Crypto Asset Startup
Outsourced Controller To Prepare For An Audit
RESULTS
Successfully underwent audit and raised series A shortly after our work was done
HOW WE HELPED
✔ We reviewed and reconciled every bank, credit card account & crypto exchange or wallets from day one making sure everything was properly and systematically classified.
✔ We automated their systems using auto syncing, QB rules and other apps such as expensify and bill.com.
✔ We reviewed & tested outstanding liabilities as well as equity accounts & corresponding entries.
✔ Completely rearrange the general ledger & regroup them in sync with GAAP rules.
✔Established best practices for revenue recognition.
✔ Setup a system in box for record keeping considering that these documents, receipt, agreements and statements would be requested by the auditors.
✔ Set up with our outsourced team so they could get through the day to day with minimal time from our senior staff.
CASE STUDY #3
Manufacturer of Cosmetic and Beauty Products
CFO + Controller + Accountant + Bookkeeper
The company sought to improve their financial management by seeking an Outsourced Financial Department solution, as they were dissatisfied with the performance and efficiency of their existing finance team.
RESULTS
Significant savings in personnel & HR expenses
Efficiency ratios improved significantly
Better strategic decisions since sales & COGS data became available in real time
✔ The new owners had upgraded their shopping cart to Bigcommerce & were using shipstation for fulfillment but the mapping needed to bring that information to QB online was not done properly leading to mistakes in the calculation of COGS and inventory count. We fixed the flow of information.
✔ They had different pricing tiers retail, wholesale & distributors but they were lacking a model that would allow them to adjust the price to all 3 in case the raw material cost would increase. We set up that model for them.
✔ They had a rewards system but the liabilities were not being booked into QB so we hacked a solution using Zappier to bring the information to the right place.
✔ Create systems & schedules or simply implemented best practices for inventory management.
✔ Outsourced bank & credit card reconcilliation, expense management.
✔ Improve collection of AR & help them negotiate better terms for AP.
CASE STUDY #3
Manufacturer of Cosmetic and Beauty Products
CFO + Controller + Accountant + Bookkeeper
RESULTS
Significant savings in personnel & HR expenses
Efficiency ratios improved significantly
Better strategic decisions since sales & COGS data became available in real time
HOW WE HELPED
✔ The new owners had upgraded their shopping cart to Bigcommerce & were using shipstation for fulfillment but the mapping needed to bring that information to QB online was not done properly leading to mistakes in the calculation of COGS and inventory count. We fixed the flow of information.
✔ They had different pricing tiers retail, wholesale & distributors but they were lacking a model that would allow them to adjust the price to all 3 in case the raw material cost would increase. We set up that model for them.
✔ They had a rewards system but the liabilities were not being booked into QB so we hacked a solution using Zappier to bring the information to the right place.
✔ Create systems & schedules or simply implemented best practices for inventory management.
✔ Outsourced bank & credit card reconcilliation, expense management.
✔ Improve collection of AR & help them negotiate better terms for AP.
Need A Personalized Team?
We’ll assemble the right blend of finance professionals with a single point of contact.
01
Request A Quote Or
Book A Call
Get clarity and specificity on your financial needs. We’ll provide a risk-free quote for our services.
Personalized Solution
We will create a tailored plan to help you reach your objectives in the fastest way possible.
Meet Your Goals
Our compensation is tied to meeting specific goals for you. We are invested in your success from start to finish.