Situation/problem: Company was in desperate need of financial discipline. They operated for two years without making a profit or establishing a positive cash flow. 15% of company losses were a result of bad credit extension, company had no credit policy. Company management decided to undertake a major expansion in both personnel and equipment. They had no operational policies, and needed a new accounting system to manage the business operations.

Efforts: The company requested a solution within one year. Developed a comprehensive financial management system. Triaged the company’s needs and initiated an action plan. Developed credit and operating policies. Established a new accounting system. Designed an employee benefits package to attract and retain employees.