Business Case #1
The Issue
A global medical device firm, acquired by a top-tier PE sponsor, needed to resolve Lender reporting compliance issues and build a Finance foundation capable of providing actionable insights.
The Services provided
Finance organization
Assisted in defining Finance organization structure and roles.
Assisted in interviewing and hiring high-quality Finance and Accounting personnel.
Review Cycle
Implemented recurring quarterly business review (QBR), monthly BU/Function reviews and monthly CFO review cycles, including centrally created reporting packages.
Lender Reporting
Created 3-statement Lender Budget and quarterly Covenant calculation process.
Established global process to identify and approve Adj. EBITDA ‘add backs’ for Lender reporting.
Budget & Forecasts
Designed and implemented global annual Budget and quarterly Forecasting processes, including standardized templates, robust review cycle and alignment with PE sponsor expectations.
Data Integrity
Implemented financial reporting system to establish ‘one source of truth’.
Collaborated with the Accounting team to improve data quality and reduce length of month-end Close.
Tax Risk Mitigation
Collaborated with Tax department to leverage new Budgets and profit analysis to improve global Transfer Pricing.
Reporting Packages
Created professional Lender, Board and Management reporting packages.
Created thorough monthly PE Sponsor reporting package.
The lasting value
Strong Finance foundation and team.
Timely, reliable Lender covenant compliance and reporting process.
Insightful planning and decision-making based upon sustainable reporting and planning processes.
Improved Revenue & EBITDA performance as CEO/management “no longer flying blind”.
Reduced global Tax risk.