Overhauling Financial Systems for a Food Business

CLIENT: Food service business with multiple affiliates in New York City

Challenge

The client had been using outdated systems for managing financial transactions across six businesses, leading to inaccurate and delayed financial reporting, especially for intercompany transactions. They also struggled with cash flow visibility.

Solution

Bespoke Business Advisory proposed moving all six businesses to a new platform that offered consolidated financials and real-time data tracking. We cleaned up 19 months of backlogged transactions, reconciled intercompany accounts, and developed consolidated financial reports. We also introduced cash flow forecasting, KPIs for inventory turnover, and sales performance metrics to provide the business with better financial oversight.

Outcome

The company improved operational efficiency by 25% and reduced the time required for monthly reconciliations by half. They now have real-time insights into cash flow, inventory, and profit margins across all businesses.

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