Outsourced Accounting – Making It Work For You
Owners purchased this business and successfully transformed it from a hardware reseller to a B to B service provider with a Fortune 500 client list. Owners are heavily involved in business development and had delegated responsibility for financial matters to several internal team members.
The business was growing rapidly and the issues and challenges were quickly outpacing the abilities of the internal financial team – and that team acknowledged this and requested assistance. They experienced “big” company challenges and opportunities, but not often enough to justify the cost of a full time CFO. Reporting deficiencies and delays were causing near misses of their loan covenants. The owners wanted to continue their successful focus on business development.