Providing a CFO on short notice to assure continuity
Superior CFO Advisory services delivering successful accounting and finance outcomes
An Industrial Services company had its long tenured CFO decide to retire on short notice. A succession plan was not in place. Leadership of the company was concerned that business performance would be impacted in the short term. They came to Aventine Hill Partners for assistance.
One of our CFO Advisors was provided to the company within days of the sitting CFO's retirement announcement. This allowed our Advisor to learn the day-to-day business before the CFO left the company.
Upon the CFO's departure, our Advisor assumed full responsibility for all financial reporting and analysis, management of the accounting team, and management of the banking relationship. This company was able to continue operating normally.
After achieving stability, our CFO Advisor determined that the role could actually be performed on a part-time basis. This provides the company a very experienced CFO in a cost effective way. The company has chosen to operate with a fractional CFO for the foreseeable future.
What was initially a stressful period for the leadership of this company became an opportunity to realize the value of a more flexible model for obtaining high quality CFO support. Learn more about our CFO Advisory services.