Empowering Business Confidence Through Precision and Insight

The reorganization led to a reduction of 250 staff hours per month, translating to an annual savings of approximately $75,000, based on the average cost of finance department labor.

Problem/ Challenge

Despite apparent success, the business owners were uneasy about their financial health due to inconsistent figures from the finance team and frequent bank balance concerns, leading to doubts about profitability and operational efficiency.

Pain Point:

Partnering with this team transformed our approach to financial management. Their strategic insights and process improvements not only provided clear profitability insights but also streamlined operations, saving us significant time and boosting our growth potential.

William Davis

Founder

Solutions

Accrual Accounting Transition: Shifted to 100% accrual accounting for accurate monthly profitability insights, correcting overstated financial performance.
Historical Transaction Reclassification: Reassessed and adjusted past entries, revealing that previous profitability was overstated by 10%.
KPI and Benchmarking Framework: Introduced critical KPIs and aligned business performance with industry standards, setting a goal of 5% quarterly efficiency improvement.
Financial Ops Project Management System: Streamlined accounting workflows, reducing error margins from 5% to below 1% and improving department efficiency by 25%.
Power BI Integration: Automated dashboards cut reporting time by 40%, centralizing financial data and minimizing manual errors.

Download the comprehensive case study to delve deeper into the data-driven decisions and gain valuable insights into the strategies and solutions that drove success.

Results

The restructuring and outsourcing strategy bore immediate and tangible benefits

Profitability Realigned from 15% to 8%

Transitioning from cash to accrual accounting uncovered a more accurate picture of the company’s financial health. While profitability was previously estimated at 15%, the accrual method revealed it was around 8%. This correction allowed leadership to make better-informed operational and strategic decisions. It also set a reliable foundation for scaling with confidence.

20 Hours/Week Saved Through Automation

By automating key reports and streamlining recurring workflows, the business owner saved 20 hours per week in manual involvement. This was equivalent to a 50% reduction in hands-on operational tasks. The time saved was redirected toward strategic planning and business development. It also reduced burnout and improved decision-making quality.

$200K in Annual Operational Cost Savings

Operational audits revealed inefficiencies that, once addressed, resulted in $200,000 in annual cost savings. These savings came from reduced manual errors, process automation, vendor renegotiations, and eliminating unnecessary overhead. The changes not only cut costs but improved overall process reliability. This boosted profitability without compromising quality or output.

20% Increase in Strategic Growth Initiatives

With manual work reduced and financial clarity enhanced; the owners redirected attention toward strategic growth initiatives. This included market expansion, product innovation, and new revenue channels. As a result, strategic focus increased by 20%, measured through time and budget allocation. The shift positioned the business for long-term scalability and competitive advantage.

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