An enterprise client based in the USA
An enterprise client based in the USA, Since 2016, VNC has provided complete accounts management services, supporting their financial operations from inception to becoming a top-tier growth company.
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Introduction
Harnessing our Accounts Management and Financial Operations services, VNC delivered a comprehensive financial solution for a fast-growing cabinet renovation company, propelling them to the INC 5000 list of fastest-growing private companies in USA in 8 years.
Client Background:
An enterprise client based in the USA, this cabinet renovation business has rapidly grown and is recognized on the INC 5000 list. Since 2016, VNC has provided complete accounts management services, supporting their financial operations from inception to becoming a top-tier growth company.
Objectives and Goals
To maintain consistent quality in financial statement preparation, manage complete AP, AR, bank reconciliation, ensure timely reviews, month-end completion, accuracy, and timely submission of financial statements along with aligning to efficient processes, use of latest technology and minimal involvement of team from client’s side.
Challenge
Issues Faced by the Client
As the company grew, maintaining accurate and timely financial records, managing AP and AR, and ensuring month-end completion became increasingly challenging which hingers the opportunity growth and excessive time investment by core team at client’s end.
Business Impact
The lack of streamlined financial processes could have hindered the company’s ability to make informed decisions and focus on business growth areas.
Our Approach
Initial Assessment and Discovery
Our Business Consulting And Strategy phase involved understanding the client’s financial processes and identifying areas for improvement and automation along with alignment of right team, roles and defining critical success factors along with regular monitoring.
Strategy and Planning
Our Financial Experts and Automation Specialists developed a plan to set up robust processes, migrate systems, and implement automation for AP, AR, and month-end reporting in ERP system along with improvements in processes without being too large team of finance, we focused on only three team member’s structure to achieve results with new growth in business.
Implementation Details
Solution Deployed
Tools and Technologies
Services Offered
Results Achieved
Real-Time Financial Reporting
Accurate Financial Management
Enhanced Productivity
Improved Decision-Making
Conclusion
Through our comprehensive accounts management and financial operations services, VNC Global has supported this cabinet renovation company since 2016. Our consistent quality, process improvements, and automation solutions have allowed the client to focus on key business growth areas, making informed decisions based on accurate and timely financial statements.
