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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.
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.
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.
The lack of streamlined financial processes could have hindered the company’s ability to make informed decisions and focus on business growth areas.
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.
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.
1. Accounts and Finances: Provided daily support for transaction processing, including sales
invoice creation, bank postings, purchase invoice postings, monthly accruals, recurring general
journals, fixed asset management, inventory management, and customized reports.
2. Automation and Integration: Implemented automated processes for AP, AR, and month-end
reviews and reporting to ensure accuracy and efficiency as possible.
3. System Migration: Assisted in migrating financial systems and setting up processes for
continuous improvement and technological adoption as per changing needs of organization
Enabled timely and accurate financial statements submission.
Automated processes for strategic focus and reduced manual effort.
Ensured precise AP, AR, and bank reconciliation.
Provided the client with reliable financial data for informed
business growth decisions.
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.
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