Interim CFO

$275M CPG company

Background

  • The private equity backed company builds warehouses and supplies forklifts and material handling equipment
  • Services and rents forklifts to external clients

Contributions

  • Identified that the majority of issues were related to service business collections and developed new procedures to address these issues
  • Developed and implemented procedures for inventory
  • Worked with management to determine a better process for rentals billing
  • Established ways to address several inefficiencies in the financial operations
  • Assisted in the selection of a new bank
  • Aided in the selection of a new reporting and budgeting system

Results

  • Advanced new procedures for service billings
  • Developed inventory procedures and facilitated improvements in rental billings
  • Created a sales assessment tool for the sales coordination staff to follow
  • Identify a process for the ERP system to adjust 3rd party portal fees
  • Reviewed accounts receivable credits for escheatment issues