Industry: Construction
Services Offered: Controller services, Process improvements, and accounting team development
Client: Specialty Construction; Concrete and Masonry Company
Summary:
Dramatically improved invoice timing. Developed the finance team, month-end processes, and reporting strategy. Expedited the collections process in an industry with notoriously extended terms. Created accounts receivable tracking and collection process. Created relevant financial summaries for leadership decision-making. Implemented several tech solutions to improve their processes.
Key Results
- Saved $70k by hiring ACS instead of a full-time resource
- Tech solution enabled 3 office people to complete their work timely even when sales doubled
- Cut aged accounts receivable balance by 50%
- Could have hired $30K person, but instead they are paying 20-30%