Showcasing Customer Success Stories
The Situation:
A destination management company with five locations and five separate legal entities was put up for sale, but the prospective buyer backed out during due diligence because the financials were incomplete, inaccurate and unpresentable.
RG Alliance Value Added:
Our team was brought in to provide CFO oversight during the entire due diligence process with the second buyer. This included: correcting accounting worksheets, validating forecast assumptions, building interactive spreadsheets and representing the company at buyer meetings. Our role encompassed both strategic and technical advisory as we served as an intermediary between the management team and buyer.
Client ROI:
RG Alliance was instrumental in the completion of the transaction, so much that the buyer retained our services for six months post-acquisition for training and support of the new CFO.
The Situation:
An insurance broker was trying to sell the business without disclosing to staff.
RG Alliance Value Added:
Our team worked entirely behind the scenes without any employee involvement by gathering all the financial reports, addressing audit questions, analyzing working capital and representing the seller as the CFO at all due diligence meetings with the buyer.
Client ROI:
Since the company was an existing client, an accounting and finance framework was already established. No other advisor could have completed the transaction without notifying staff and risking potential departures.
The Situation:
A professional business association was preparing for a sale and needed oversight in preparing its financials.
RG Alliance Value Added:
Our team had to address and clean up various issues, including: reconciling differed revenue accounts, unwinding annual contracts back three years and rebuilding the financials to interface with the client’s CRM system.
Client ROI:
We presented a clean set of books so that the buyer did not request a reviewer audit. The savings to the client was $50,000. The transaction closed within four months of receiving a Letter of Intent and the buyer retained RG Alliance for 18 months post-acquisition to oversee monthly financial reporting.
The Situation:
A carsharing marketplace start-up had no financial systems in place.
RG Alliance Value Added:
Our team established the entire accounting system including: creation of chart of accounts, merchant processing system and revenue recognition process. In a 30 month period, we supported the growth of the company from four employees to 100 and multiple rounds of fundraising by providing all accounting and finance functions.
Client ROI:
Client went public on NASDAQ in June 2018 and RG Alliance provided all pre-IPO due diligence and transaction support through the SEC filing and audit processes.
The Situation:
A consumer and B2B market research firm was seeking a Line of Credit but had unpresentable financials.
RG Alliance Value Added:
Our team focused on cleaning up the accounting records including: reconciling bank and credit card statements, recording missing transactions, making adjustments on prior two years and revamping the chart of accounts. As a result, management was able to better review its margins by department and had a set of financial reports that were presentable to the banks.
Client ROI:
RG Alliance assisted the client on the bank’s testing and audit which resulted in a $1.5 million Line of Credit issued.
The Situation:
A roofing company had no systems in place to track its operating margins and financials did not tie out with tax returns.
RG Alliance Value Added:
Our team came in to reconcile two years of financials, build an interface between the accounting software and company operating system and developed compensation plans.
Client ROI:
Job costing reports can be accessed directly from the accounting system and managers have all the operating information available before a job is closed.