Standing Up Finance & Operations Functions Post-Carve-Out
industry
Chemical Supplier
highlights
- Reduced month-end close to less than ten days
- Recovered $1M in true-up process
- Implemented automated reporting models, and real-time cash visibility dashboards
- Maintained uninterrupted cash flow
- Optimized IT environment with ERP system migration
Summary
Following the carve-out of a manufacturing portfolio company of a middle-market PE fund, our Finance, Accounting, and Operations-focused teams partnered to lead and stand up the company’s critical functions.
Working closely with the new management team and the seller, we accelerated readiness and long-term value creation across multiple areas.
Finance & accounting – results
Accelerated Close & Onboarding: Streamlined the month-end close to under 10 days and facilitated a smooth CFO transition with targeted knowledge transfer.
Governance & Efficiency: Created detailed close procedures, AR/AP playbooks, and an accounting policies handbook to support compliance and reduce disruption.
True-Up Value Creation: Recovered an additional $1M in the net working capital true-up through a robust closing statement and analysis.
Visibility & Control: Developed automated reporting and standalone financials for better decision-making.
Liquidity Management: Rolled out a 13-week cash forecast and daily dashboards to support payroll, debt service, and proactive cash management.
Budgeting Precision: Led a mid-year re-forecast to align spend and targets with post-transaction realities.
Operations & performance Results
Cash Continuity: Ensured uninterrupted cash flow and timely payments to stakeholders during the transition.
Stakeholder Confidence: Maintained trade credit lines and key relationships through proactive communication.
System Integrity: Optimized the IT environment for accurate reporting and financial operations.
Autonomous Operations: Built a self-sufficient finance and accounting team to enable a smooth TSA exit.
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