Specialty pharmacy retailer builds a cash flow forecast from scratch

Context

A PE-backed dermatology medication retailer in New York and New Jersey needed GAAP financials for a new lender, a cash-to-accrual conversion, and purchase accounting after its acquisition.

Value Created

Delivered GAAP financials

to sponsor and lender on time via new policies and procedures

Built 13-week cash forecast

tracking collections and operating expenses by pharmacy

Filled finance function gap

while laying groundwork for a new team, ERP, and growth

People

VALUE LEVERS

Interim finance leadership
Finance team onboarding readiness

HOW WE DID IT

Filled the finance function gap during the hiring process
Laid groundwork to onboard a new finance team and ERP

Process

VALUE LEVERS

Accounting policies and procedures
Cash to accrual conversion
Purchase accounting and audit prep

HOW WE DID IT

Implemented GAAP-aligned policies and procedures
Converted cash accounting to accrual
Prepared opening balance sheet audit docs

Technology

VALUE LEVERS

GAAP and lender reporting model
13-week cash flow forecasting
Chart of accounts and ERP data

HOW WE DID IT

Created a 3-statement model with the lender certificate
Built a forecast tracking collections and opex by pharmacy
Compiled ERP transaction detail and built a GAAP chart of accounts