Background: This client develops, sells and manufactures digital equipment and related software to businesses, schools, governments, etc for external and internal security applications.

Business Challenge: The client was growing rapidy and needed infrastructure, procedures and controls throughout the company as well as professional management to improve problem areas in inventory, product returns, quality systems, personnel management and morale, strategic planning, financial reporting and key performance indicator reporting.

Clear Financial Solution: Business Advisory Services

CFS started by implementing programs to improve morale and get employees focused on clearly understandable goals. We then designed and implemented written procedures for multiple functional areas including IT, inventory control, AR, AP, fixed assets, returns, repairs, cash, financial statement closing, and HR. More recently, we implemented financial and non-financial measurement systems and flash reporting and instituted a strategic planning planning process We also supervised the development and implementation of the strategic plan.

Client Benefits:

• Improved on-time delivery percentage from the low 40’s to the mid 90’s and reduced average lead time.
• Reduced DSO by at least 8 days.
• Shortened financial close time from 30 days to under 10.
• Cut costs at least 10% through reduction of production, inventory and quality non-conformances.
• Brought all significant process under better control.
• Improved morale by implementing regular employee reviews and creative recognition.

<--Back to Client Case Studies Index