Background: As a result of deteriorating financial returns from one of its joint venture investments, this CTS Impact client needed to scrutinize the operations of its partner at a more detailed level.
Background: Although certain business practices were in place, this CTS Impact client lacked a formal disaster recovery program to manage its enterprise-wide risk. Once designed, the operational effectiveness of the controls needed to be evaluated.
To further diversify its vast real estate portfolio, this CTS Impact client expanded into a new segment; hotels, via acquisition of 3 major portfolios within an 8-month period. With acquired hotel assets of over $2.5 billion, this client needed specific hotel accounting experience to manage this back office integration and standardization.
In the midst of unprecedented company growth, this global technology and social networking company’s reporting needs expanded in both complexity and volume. With multi-national operations in over 40 countries worldwide, a standardized and automated reporting tool was mission-critical to produce GAAP-basis consolidated financial statements.
Background: This publicly-held international pharmaceutical company was experiencing very rapid growth through multiple significant acquisitions. Each acquisition maintained their accounting records on different financial system platforms, so the client needed to migrate these disparate systems to a standard platform (SAP).
Background: In order to expand into new lines of business, this CTS Impact client pursued several acquisition opportunities across the U.S. Due to the entrepreneurial nature of these targeted operations, due diligence was necessary to determine an appropriate valuation, as well as to ascertain corporate fit and integration readiness.
Background: With the announcement of its sale to a large, Europe-based public utility company, this CTS Impact client needed enhanced reporting and analysis to support its new ownership. Also, re-engineering of business processes was required to align with its new corporate parent standards.
Background: With the merger of 3 operating companies located across the U.S., this CTS Impact client needed to design and develop a standard back-office platform — business processes, policies & procedures, and systems, to support its integrated operations. In addition, the back-office was being centralized to a new headquarters location.
Background: Based on the success of its products, this CTS Impact client explored various strategic transactions, including a potential sale. As a part of these efforts, the client needed to understand and analyze the financial impact of these potential transactions, in order to make the best decision for the organization.
Background: In order to automate financial reporting processes until a new long term solution was fully implemented, CTS Impact performed the following:
-Created Access database to support management reporting requirements
-Developed macros, filters, VLOOKUPS and other spreadsheet management tools
-Perform system testing in support of system upgrades
-Issue identification and resolution
-Developed data warehouse plan (Microsoft Analysis Server)
Background: As a private equity-backed operation, the planning process needed to be enhanced. CTS Impact worked closely with finance, operations, IT and human resources to develop and support these planning activities:
-Budget preparation and analysis
-Pro forma & sensitivity analysis to support private equity investors information requests
-Cash flows forecasting