Case study

CFO Advisory

When success happens quickly: helping a growing business stay on track.

Background

This client was experiencing a period of significant growth in their business. Operations had rapidly increased, additional personnel had been brought on to ease the burden on existing staff and capital investment was made.

While success can be viewed as ‘a nice problem to have’, in reality the client was losing track of their numbers and cashflow – and starting to panic. Though capable at managing the accounts, their bookkeeper was unable to assist with business advice and analysis. Concerns of losing control over their financial position and making the wrong decisions for their business were starting to grow for the client.


Solution

Nav Accountants Director Nitin Vashisht has extensive CFO experience, and business owners wanting to make smarter financial decisions can benefit from Nitin’s skills in this area. In the case of this client, we were engaged as their CFO Advisor and after a full analysis of their business we delivered the following:

  • Analysis of the client’s goals and reporting needs.
  • SWOT (Strengths, Weaknesses, Opportunities and Threats) and Risk Analysis.
  • Restructuring of the chart of accounts.
  • Implementation of detailed management reporting, forecasting and cashflow analysis using Spotlight Reporting and Float.

Outcome

With the support of our CFO Advisory service, our client was able to gain clear visibility of their financial performance with the help of easy-to-understand dashboards, charts and forecasts. Nav Accountants also scheduled regular meetings with our client to discuss their financials and goal setting – ensuring they would stay on track and have a full understanding of their position at all times.

Additionally, through Nav Accountants’ services we were able to save our client $120,000 in costs and plugged revenue leakages.

If you believe your business could benefit from our CFO Advisory services, contact the friendly team at Nav Accountants to arrange a initial consultation.

 

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