Florida CFO Group
(877) 352-2367ASK A CFO
Florida CF Group
(877) 352-2367ASK A CFO

By: Jim Dietz

Part-Time Strategic CFO Helps Company Recover from External Fraud

The Challenge

Our client’s business was seeing rapid growth, but after suffering the results of external fraud, margins started to deteriorate, and a private lender was dissatisfied.

The Solution

One of our partners stepped in as a part-time strategic CFO, providing strategic advice and the oversight of finance and accounting activities.

The Implementation

Our partner successfully improved his client’s financial performance and lender relationships by:

  • Creatively working with its senior management to develop and price new products and manage its sales channels to improve margins and overall business
  • Working with the private lender and CEO to revamp budgets and forecasts and establish operational KPIs and contingency plans

The Results

With a partner, our client better understood their financial performance and steps needed for improvement. Our partner worked with the CEO and lender through a complex exit transaction after these improvements were attained.

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