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Falling Behind on Accounting & Analysis

A family-owned chain of carwash and quick oil change facilities was operating without timely financial information.

The Challenge:
  • Accounting staff departures and illnesses left remaining staff unable to keep up with daily responsibilities and month-end reporting requirements.
  • Declining morale due to high workloads and inability to catch-up negatively impacted productivity causing increasing delays.
  • Operating without current financial information caused concerns about profitability and complicated internal decision making.
  • The Company lacked certain key financial analysis to guide key decision making
Solution:
  • A Lauber Fractional CFO was engaged to provide an additional accounting resource to lead the effort to reduce the backlog of uncompleted work.
  • The Lauber Fractional CFO assisted in recruiting candidates for the open accounting positions and was able to fill the vacancies with highly qualified individuals.
  • The leadership and guidance provided by the Lauber Fractional CFO greatly improved the confidence of the accounting team and restored morale.
  • The added management skill on the accounting team was utilized to assist decision makers.
What This Meant to the Company:
  • The accounting department was fully staffed, the work backlog eliminated, and bills were paid on time.
  • Management once again was provided timely and accurate financial information.
  • Detailed analysis of individual locations identified the volume levels required to break even.
  • Benchmarking against industry norms highlighted areas for cost improvement and assisted in pricing decisions, which in turn improved profitability.
  • New processes were developed that increased accounting department productivity and shortened cycle time

The Value of a Lauber Fractional CFO

  • Extensive domain expertise in senior financial positions brings immediate value.
  • A trusted advisor to owner / CEO on many matters.
  • Looks at business through perspective of maximizing competitiveness and long-term enterprise value.
  • Extended tenure with clients helps develop stronger financial and business acumen for client’s leadership team.
​If your business is faced with these types of challenges, now is a good time to consider the help of a seasoned Lauber Business Partners, Inc. veteran who has been through it before. Contact Lauber Business Partners, Inc. today to learn more.
Lauber Business Partners, Inc.
Finance and Accounting
Human Resources
Leadership and Team Development
Executive Search
Nonprofit Management
Dedicated Recruiting Services
Contact
839 North Jefferson Street, Suite 200
Milwaukee, WI 53202
414-273-8060
[email protected]
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  • About
    • About Lauber
    • Leadership
    • Client Testimonials
    • Industries We Serve
    • Join Lauber
    • Pets of Lauber
  • Services
    • Finance & Accounting >
      • Financial Leadership
      • Chief Administrative Officer
      • Outsourced Accounting Services
    • Human Capital Solutions >
      • Human Resources
      • Leadership Coaching and Team Development
      • Talent Acquisition >
        • Executive Search
        • Dedicated Recruiting Services
        • Contingent Search
    • Nonprofit Management
  • How We Deliver
    • Fractional Leadership
    • Interim Leadership
    • Consulting
  • Thought Leadership
    • Blogs
    • Case Studies
    • Media Mentions
  • Contact