Specialized Labor Company – Case Study

Profitability has improved by over $1 million through cost reductions and customer contract revisions

18%

Capital

Recapitalized with new lender, saving $240,000 and
creating access to 18% more capital

20%

DSO

DSO decreased from
45 days to 35 days

10x

Value

Restructured management team across all divisions and appointed a new controller to enhance operational efficiency and drive strategic growth

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Successfully restructured the management team across all divisions and appointed a new controller to enhance operational efficiency and drive strategic growth.

Key Results

Since Starting Work With Fintrepid

Strategic Leadership:
Developed the company’s first strategic financial plan, which aligns with the owner’s vision, and developed the process and model to be used going forward. Utilized our existing referral network to introduce new strategic relationships to the owner – lender, attorney, and outsourced payroll solution. Collaborated with the owner to consolidate divisional management and eliminate $150,000 in annual payroll cost.
Capitalization:
Identified the true cost of capital of the company’s existing lending facility, which was significantly higher than the CEO realized. Recapitalized with new lender, saving $240,000 and creating access to 18% more capital.
Act as primary point of contact for the company’s new lending partnership.

Process Improvements

Established a new accounts receivable process for proactive delinquent management and consistent invoicing, while streamlining daily bookkeeping to reduce manual entries and create an efficient monthly close process.

Human Capital

Recruited and onboarded a new controller for enhanced financial oversight, and implemented a payroll service upgrade that improved efficiency and eliminated the need for a clerk role.

Financial Leadership

Boosted profitability by over $1 million and achieved the first net profit in four years by eliminating unprofitable divisions, finding cost savings, and improving financial reporting and lender accuracy.