Servicing a global services company by standing up their finance function

Picture this...

You’re a $250 million global services business set to be divested from a $6.5 billion public company, but your back-office processes are cumbersome and inefficient. You need to do carve-out planning, but to get there you must establish a standalone finance and accounting function—including global banking and treasury, finance operations, payroll, and internal/external reporting. It’s a big lift and you need help.

You turn to Accordion.

We help you with deal diligence and ensure that you’re set up for success post-signing and close:​

• For diligence, we develop a model of standalone run-rate costs and one-time carve-out costs, support negotiation iterations of the Transition Services Agreement (TSA), and develop an organization model for finance and accounting.​
• Post-signing and close, we develop and maintain a 13-week, monthly, and daily cash flow forecast to closely monitor liquidity.​
• We run the finance function to operationalize TSA processes, develop accounting policies, support the CFO through the first standalone budget process, and lead you through your first audit.​
• We also lead from strategy through execution to set up and hire a 250+ employee shared service center in India for offshore finance and accounting, IT software development, and operations functions.

Your value is enhanced.

You’ve successfully achieved independent finance and accounting leadership, you’ve set up your global banking network, you have offshored shared services, and completed your first audit. Not only are you able to complete the carve-out, but you are on a longer-term path toward fulfilling more value creation initiatives, enhancing liquidity, and managing covenants.