Budgeting & FP&A Support

$200M Chemical Company

Two chemical companies that distribute and blend chemicals were purchased by a private equity (PE) sponsor and the intention was to integrate into one platform
Both companies were historically founder-owned, lacked financial processes, and had no formal finance team

Established an annual budget that included financial metrics for key initiatives and a process for monthly forecasting
Created a daily sales report and a daily cash report
Created a monthly operations review presentation that included financials, operational metrics, sales data, customer metrics, and headcount status

An Annual Operating Plan (AOP) was developed that allowed the company’s leadership to compare monthly financials to budget
Provided visibility into the company’s daily cash position, which was established through the creation of the daily cash report
As a result of the monthly operations review presentation and process, the company’s leadership was encouraged to become accountable for their department’s metrics and costs
The sponsor and companies now have visibility into business line metrics and is now well positioned to support future growth