CFOx recently completed an engagement for a rapidly growing veterinary roll-up, serving as Interim Controller and supporting the organization’s expansion until a full-time candidate was placed. After the exit of the previous Controller, the CFO Services team immediately assumed all Controller-related duties, including weekly cash and sales reporting, month-end closing and AP processing with Ramp.
In addition to month-end close and standard reporting, the team assisted with each new acquisition by creating new entities in Sage & Ramp, performing Opening Balance Sheet activities, recording lease obligations and related transaction items such as goodwill and earnout obligations. The team coordinated directly with an external audit firm to complete the Company’s audit and tax filings, as well as ensuring compliance with state and local sales tax filings.
With the addition of several new locations, the CFO Services team also supported integration of new vendors and overall vendor consolidation using Ramp. This allowed for streamlined processing and vendor spend reduction to support Accounts Payable management and cash flow. CFOx completed a successful transition, including training and support through month-end and recurring processes for the full-time Controller once hired, and advised on further process improvements.
The veterinary roll-up became increasingly more scalable for growth, which has continued since CFOx completed Interim Controller services, with improved financial reporting, improved vendor and AP management, and audited financials.
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:
- Interim Controller
- Acquisition Accounting & Integration
- Monthly Financial Reporting & Insights
- Accounts Payable Management
