CHALLENGE

The company’s rapid growth and decentralized structure demanded tighter financial controls and more actionable performance analytics.

The organization lacked timely, consistent financial insights and struggled with an extended monthly close cycle that hindered strategic decision-making. The company:

• Needed daily, weekly, and monthly reporting on sales, margins, working capital, and cash flow for private equity sponsors and senior leadership.
• Sought to reduce the month-end close period and deliver accurate financials to investors and lenders on time.
• Required integrated financial models incorporating operational KPIs to forecast profitability for existing distribution centers and new locations.

OUR ROLE

ETONIEN was engaged to provide interim CFO and FP&A leadership to enhance financial visibility, forecasting accuracy, and operational reporting for a private equity-backed nutrition leader.

SOLUTIONS

ETONIEN’s Interim CFO and FP&A team were tasked with:

• Creating consistent, actionable financial reporting for private equity sponsors and internal stakeholders.
• Tightening the month-end close process and improving timeliness and accuracy.
• Developing detailed business unit forecasting models tied to operational metrics.
• Establishing daily and weekly cash reporting to improve liquidity management.

OUTCOME

• Built a highly accurate 13-week cash flow forecast improving liquidity visibility.
• Established weekly reporting for sales, margins, operating expenses, and EBITDA.
• Developed a comprehensive financial dashboard and implemented daily cash reporting.
• Reduced the month-end close period from 30+ days to just 6 days through process redesign and discipline.
• Created detailed business unit financial models, forming the foundation for the FY2023 budget.
• Designed an easily updatable P&L model for 21 business units to track actuals versus budget.