Case Study
Interim CFO/Strategic FP&A
A national leader in school nutrition and distribution with two private equity owners
Client Challenges
- Lacked consistent and actionable financial reporting
- Needed to tighten and improve the monthly close process
- Needed detailed business unit forecasting models utilizing operations KPIs
Project Requirements
- Create daily, weekly, and monthly sales, margin, working capital, and cash reporting for PE and senior leadership
- Reduce close and deliver timely financials to the investors and banks
- Build financial models with operations KPI depth to forecast profitability for new locations and current DCs
Project Deliverables
- Developed a highly accurate 13-week cash flow forecast
- Established weekly financial reporting for sales, margins, OpEx, and EBITA
- Built a comprehensive financial dashboard and streamlined daily cash reporting
- Reduced the close period from over 30 days to just 6 days through process improvements
- Created detailed business unit financial models, now the basis for FY 2023 budget
- Constructed and easily updatable P&L model for 21 business units comparing actuals vs budget
