Struggling B2B services co. needs a full-service finance ​overhaul​

Picture this...

You’re a B2B services company that’s struggling to perform. After a reasonable trial period, your sponsor replaces the majority of your senior leadership due to performance issues and covenant violations. Along with this, your accounting and billing systems are hampered by poor NetSuite and Bill.com implementations and your A/R collection challenges are absorbing available liquidity—prompting a full restructuring of business processes and operations. You need guidance. ​

You turn to Accordion.

You bring us in as Interim CFO to develop a near-term turnaround plan and negotiate an amendment with your lender. We:​

• Develop the turnaround plan with the new management team and work with sponsors and lenders to negotiate a forbearance.​
• Partner with your COO to quantify and manage costs via a per-item model to drive production efficiencies and improve transparency.​
• Team up with your new Head of A/R to transition from an expensive and ineffective temp labor model to full-time hires, resulting in improved performance and $0.8M in annualized cost savings. ​
• Assess NetSuite performance issues and develop a remediation plan.

Your value is enhanced.

With a revised cost model that successfully drives the tracking and management of your operational restructuring, you achieve your financial targets and restore credibility with sponsor and lenders. You’re also able to recruit a full-time CFO with the capabilities necessary to further rebuild the accounting systems and processes.