Real Financial Controller Success Stories
Every business has profit blind spots.
Whether you're preparing to sell your business, trying to improve cash flow, or questioning why your profits aren't translating into cash, the right financial systems help you make better decisions.
A Vaulable Valuation
Our tech client approached us about preparing for the sale of their business. We restructured their administrative team and implemented more efficient financial processes. Then, we identified and corrected profit leaks and wasteful spending, saving our clients tens of thousands of dollars. Finally, we provided due diligence documentation and measurable profit projections for the merger/acquisition of their companies, ultimately leading to the successful sale of their business.
Fixing Fraud
Our Trucking client noticed that they were having some discrepancies in their books. We outfitted their fleet with a GPS and created geolocated routes to save them travel time. During our tracking process, we also discovered some of their employees were padding time and using the trucks on personal time or to give free services. We were able to save them over $50,000.
Trash Turn Around
Our Waste Client requested help with office procedures. We worked with them to establish processes to correct billing issues, establish collection policy for each department to reduce write-offs, and developed a system to monitor renewals and upcoming bids. Then we helped the client obtain the Hub-Zone certification with SBA and did targeted marketing to contracting officers which helped our client create competitive bidding opportunities against larger companies. The company had 4.5 x growth over fifteen years.
Payroll Payoff
We worked with a restaurant client who was spending 50% of their gross revenue on payroll. We compared numbers in the industry and found they were spending far more than the industry average on payroll. We met with the owners, managers, and staff. Together, we developed a simple scheduling system to monitor hours against daily sales which cut the payroll costs by 10%. We are pretty proud to say that we saved them around $300,000.
$30,000 Saved Through Strategic Financial Review
In a recent financial review, we helped our retail client identify and replace an unnecessarily costly software platform with a streamlined, efficient solution, saving them $30,000 annually. This was one of several savings uncovered, directly improving cash flow and freeing up capital to invest back into revenue-driving initiatives.
A Full Recovery
We worked with a Home Health Care client that needed help with their payroll reports. We discovered they had a receivable balance and were having difficulties collecting due to clerical errors. In the Medicare system, you only have three chances to submit for payment. We developed a system for our client to complete the claims without error which resulted in them collecting $1.3 million dollars in owed payment in just six weeks.
Does Your Business Have Similar Financial Challenges?
Whether you're preparing for growth, improving profitability, or trying to understand why the numbers don't match reality, Oracle Profitability can help.