Industry: Restaurant and Hospitality
Services Offered: CFO, Controller and Accounting Services
Client: Restaurant Holding Company
Summary:
Agile's outsourced CFO and Controller developed a strategic financial plan to increase annual profitability by over $400k. She also analyzed multiple buy/sell scenarios and created cash flow analysis and plans to guide the company through COVID-19 related financial challenges. Agile CFO Solutions also designed reports and dashboards that provide stronger financial visibility and review and present monthly financial reports.
The accountant (fractional) eliminated our need to hire an additional full-time employee. She re-tooled several processes to make them more efficient and processed weekly payroll. Agile also helped support the business during the busy part of the month and documented all month-end processes and procedures.
Key Results
- Decreased corporate spend by over $400k (pre-Covid-19)
- Successfully managed cash flow during Covid-19
- Created financial dashboards for better financial visibility
- Analyzed buy/sell scenarios for long-term financial planning
- Eliminated need to hire another full-time accountant or a CFO