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How strategic CFO intervention transformed a struggling company into a regional leader.

Revitalizing Financial Health: A Home Improvement Company's Turnaround

Client Overview

Industry: Home Improvement Retail

Founded: 1970

Attributes: Regional powerhouse known for timely delivery and product availability. Family-owned.

Introduction

Explore how Foresight CFO helped a family-owned home improvement company overcome financial performance challenges, enabling them to excel in their market with renewed vigor and strategic direction.

Challenge Faced

Addressing Financial Overstretch

Despite its healthy market presence, the company was underperforming financially due to the CEO’s overextended role, impacting decision-making speed, financial accuracy, and personal health.

Solution Implemented

  • Conducted a thorough accounting review, cleanup, and catch-up for the previous fiscal year.
  • Identified and addressed sales challenges through a deep dive analysis.
  • Designed and tracked key performance indicators (KPIs) with the CEO to correct sales issues.
  • Implemented a multi-year financial flight plan to ensure sustained growth and oversight.

Results

Robust Financial Recovery and Enhanced Operational Efficiency

The Company now enjoys timely regulatory and tax filings, and the targeted sales interventions have led to significant improvements in business viability and management effectiveness. Continuous improvement is ensured through weekly huddles and monthly financial reviews involving senior leadership.

Significantly improved confidence and accuracy in financial reporting.

Efficient delivery of critical financial reports to CEO and management.

Relieved the CEO of extensive reporting duties, allowing focus on strategic leadership.

Established a robust framework for data-driven planning and decision-making.

Key Benefits

Transformative Business Benefits

CEOs Rekindle Joy: Their Success Stories

Meet the change-makers who reignited their passion for entrepreneurship. These CEOs share their heartfelt journeys back to what truly matters — the joy and freedom that entrepreneurship once promised them.

Just wanted to extend kudos and thank you to the Foresight Team for working hard to clean up and keep us all on track! From tedious follow-ups for multiple clients now down to 1!

THANK YOU TEAM! Let’s keep going and get better! Cheers to continuous improvements!

Mary Maranan Zen Media, Florida

Today, I feel compelled to express my immense gratitude for the exemplary service and commitment demonstrated by Foresight CFO team.

Their expertise, diligence, and unwavering dedication have significantly enhanced the efficiency and accuracy of the crucial functions.

Marlon Cole Hekima, Washington, D.C

Foresight is our entire financial management and accounting operation. Outsourcing is a dangerous thing unless you have a company that you trust. If something goes wrong, it can go very wrong.

The good news is that I could not be more thrilled with Foresight.

Richard Rossi DaVinci Education, Washington, D.C

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