Case Studies
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Due Diligence – Acquisitions
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.
Sale – Foreign Ownership – Integration
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.
Merger Integration and Process Standardization
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.
Strategic Transaction Analysis – Potential Sale
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.
Interim Controller and ERP Project Manager – JD Edwards
Background: When the Controller resigned abruptly, CTS Impact stepped in on an interim basis to manage the year-end closing process, as well as to spearhead the financial systems project.
Interim Tax Manager
Background: Due to the sudden departure of the head of its Tax department, CTS Impact provided an Interim Tax Manager with a blend of tax compliance and GAAP-basis reporting experience.
Interim IT Project Manager – Report Design
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)
Co-Sourcing – Accounting Operations – U.S. and Middle East
Background: In order to manage the variability of accounting operations needs, CTS Impact provided Interim staff to perform various financial operations activities:
Interim Senior Financial Analyst – Planning & Forecasting
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 -Bank reporting -Cash flows forecasting
Interim Business Analyst – Financial Systems
Background: With the objective to further automate various financial processes, numerous IT projects were pending.
Interim Controller – Outsourcing Migration
Background: In preparation for the outsourcing of its accouting operations, CTS Impact provided interim staff to perform: -Manage and perform day-to-day finance and accounting activities -Coordinate of migration to outsource third-party service provider -Billing process re-design -Document business processes in anticipation of Great Plains Dynamics system upgrade