Finance Function Revamp – Process, Data & Analytics
Our client experienced significant growth over the last few years and was fortunate enough to be able to operate on the balance of their bank account. The “run through walls” strategy worked with their initial stage of rapid growth, but as growth started leveling out our client required a more sophisticated approach to data and analytics, which ultimately started through building their finance function.
As our client grew so quickly and didn’t require it, the finance team was never developed. Financial reporting was done once a year for tax purposes only and had not been used for nearly two years. Additionally, any analysis currently being performed was highly labor-intensive as processes were inefficient.
AG’s tasks included the following: