The CFO Services team at CFOx recently completed a project with a large, private equity-owned construction company to implement a robust internal control framework within Vista Spectrum to ensure financial accuracy and operational transparency. The team began by assessing current policies and procedures and identifying gaps in the workflow and approval process.

Upon review of current gaps with the company president, CFOx presented a proposal for Vista Spectrum implementation consultants to assist with Spectrum specific changes. Simultaneously, the CFOx team completed an overhaul of the company’s policies and procedures to align with proper segregation of duties as well as their delegation of authority matrix. Updated policies and procedures then went to the company board of directors for approval.

By leveraging Vista for control implementation, the company was able to tailor controls across the entire financial reporting process, including automated approval workflows, segregation of duties, audit trails and role-based access controls. With these changes recommended by CFOx, the company was able to ensure compliance with SOX audit requirements, reduce errors in processing and month end procedures, and prepare for scalable growth.

If you would like to learn more about our CFO Services, please reach out via email (info@cfoxadvisory.com) or schedule a call directly on our Contact Us page.

CFO Services Provided: 

• Controls Review & Implementation
• Project Management
• Documenting Policies & Procedures