Arming a security services co. with a better close and reporting process

Picture this...

You’re a security services provider that has grown through a series of acquisitions, and you’ve recently been acquired by a PE sponsor. However, due to a lack of post-merger integration across sources, systems, processes, and teams, the month-end close is taking far too long and lacks a structured process. Reporting on financial and operating performance is now a much too manual process which is worrisome given expected near-term M&A activity in the form of bolt-on acquisitions. The bottom line: you need help.

You turn to Accordion.

Your sponsor engages us accelerate the month-end close and implement various automated reports to meet their expectations. We engage with your company management within 48 hours and:​

• Work closely with your CFO, finance and accounting team, and other relevant stakeholders to understand your current close process, as well as your financial and operational reporting requirements.​
• Assess existing data capture processes, reconciliation and adjustment processes involved in reports being used for stakeholder reporting, creating a comprehensive index for reporting processes to streamline updates. ​
• Enhance the monthly financial close process, improving controls and efficiencies by developing a close checklist and meeting schedule to increase accountability, setting materiality thresholds for accruals and estimates, and automating processes to reduce human errors.

Your value is enhanced.

You achieve two key objectives: you accelerate your month-end close from 45+ days to less than 10 days; you implement timely and efficient financial and operational reporting to help your sponsor and management team understand business performance and make informed decisions. ​

​Your finance team is now armed with the better tools for ongoing close process and reporting enhancement.