Sale – Foreign Ownership – Integration

Industry: Renewable Energy (Windfarms)

Scope: Sale to Foreign Parent

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.

CTS Impact Solution:

  • Financial reporting & analysis
    • IFRS financial reporting (previously on GAAP basis)
    • Develop annual budget
    • Develop methodology
    • Cash flow forecasting
    • Tax support (1099 reporting)
  • Business processes and controls
    • Re-design purchasing and accounts payable processes (EDI, procurement card, T&E)
    • Document accounting policies and operating procedures
    • Internal controls review
2017-02-08T23:41:19+00:00