$5M Delivery Service Business

Client Goals:
Replace outsourced accounting firm with communicative, experienced accounting professionals who would deliver reliable and timely financial statements.
Pain Points:
Management was frustrated with its existing outsourced accounting firm because:

• Financial statements were perpetually late
• The provider was not responsive or accessible
• The provider was disorganized and failed to deliver the necessary documentation to track expenses for the company’s tax accountants

ALC’s Solutions:
A business consultant who was working with the company’s owners on their exit planning strategy referred the company to ALC. Our team:

• Brought their books and records current and delivers financial statements by the 15^th of every month
• Reports on profitability by service line and department, enabling management to achieve informed business planning and cost containment strategies
• Implemented real-time access to current financial statements for the business owners
• Applied for a loan under the SBA’s Payment Protection Program (PPP), which was funded within 30 days, and completed paperwork to maximize loan forgiveness

Client Benefits:
Within a few months of ALC’s engagement, our client:

• Began enjoying a 5% increase in overall profitability as a result of having greater visibility to real-time information, enabling them to make quick, money-saving business decisions
• Has increased revenues by 20% as the business owners have spent more time on sales and business development, instead of managing finance and accounting
• Successfully refinanced a private residence to take advantage of low mortgage rates by accessing accurate financial statements over the weekend