Alliance Resources

News, information and insights from your partner in finance and accounting staffing and recruitment.

Innovating Cash Management Tools to Forecast Short- and Long-Term Projections with Advanced Accuracy

Placing the optimal leader in an Accounting or Finance role requires strategic vision and specialized knowledge of the sectors. Alliance Resource Group (ARG) stands apart in search and temporary placement, adopting a collaborative approach to meet the unique needs of our clients.

Our team of Finance and Accounting experts bring considerable knowledge and real-world expertise to master the complexities of talent acquisition. We carefully cultivate relationships, ensuring that each placement we facilitate becomes a keystone of client success.

This is part of an ongoing series of case studies that demonstrates our team’s laser-focused approach to tackling client needs.

The Challenge

A middle-market, fast-growing and acquisitive professional services company tapped ARG for support in resolving a material misstatement to the company financial statements. The company was concerned with overall financial reporting accuracy, tax implications and liability, and short- and long-term cash liquidity.

The Solution

Alliance Resource Group quickly identified a hands-on interim CFO who was able to join the organization and dive in immediately. She quickly assessed and identified where the inaccuracies existed and created an action plan for the accounting and finance team to manage the general ledger cleanup. She then established clear communications with the CEO, Board of Directors, bank and other stakeholders regarding project progress, key findings, and process improvements implemented.

The Outcome

Within six months, the ARG consultant rectified the misstatement, and the client received a clean opinion for the previous year’s audit. The general ledger and financial statements were corrected, and the interim CFO reported accurate and detailed earnings and financials to the Board and company stakeholders within the specified deadline.

She built a robust but easy-to-use cash forecasting model to accurately predict cash flow and assisted leadership is managing their acquisition timelines. Overall, financial health transparency improved, which positively impacted relationships with the bank and lenders.