At a Glance
While this company was generating millions of dollars in revenue, their financials were being kept on a spreadsheet. Within months, Fox and Partners was able to establish financial processes, accurate accounting books, and investor reports.Challenges
This company was formed within a year of us meeting and was a merger between two older companies. By the time we stepped in, this company was bringing in millions of dollars in revenue but did not have any accounting in place. In addition to not having accounting software, this young enterprise lacked accounting processes, investor reports, and a support team. The company had investors but lacked the ability to provide them with clear reporting.
The Solution
Fox and Partners stepped in and worked with senior partners, their historical data, and spreadsheets to create this company’s accounting foundation. Once the accounting processes were established, we worked together to put in place A/R and A/P processes. Fox and Partners also created a clean, detailed, and understandable quarterly investor report.
