Dallas Success Stories

vcfo Dallas has both long-term and project-based clients. Learn how vcfo helped both types of clients.

Financial Consulting for Long-term Client

When vcfo Dallas started a long-term relationship with a century-old Dallas-based restaurant company, the company had been using a part-time CFO consulting firm specific to the restaurant industry. They weren’t receiving the support they needed and looked for alternatives. Once onboard, the virtual CFO was tasked with heading up the reorganization of the finance department, developing financial and management reporting and assisting with their franchise program.

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The company was behind on reconciliation reports and needed human resource policies and procedures established. vcfo provided a blended team with the addition of part-time bookkeeping and HR consultant support. As a result, management had peace of mind that the financials were sound and the department was functioning at a high-level. The HR manual is still in use today. The virtual CFO was involved in the process of the company becoming a franchise sales and development organization and continues to provide recommendations on system improvements, processes, financial reporting and cost controls.

Bringing Direction to Financial Reporting Systems

vcfo was referred by a strategic partner to a technology company seeking outside financial consulting firms to help them organize their financial records and reporting systems in preparation of an audit.

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A part-time virtual CFO consultant from vcfo brought direction to the financial reporting systems, hands-on management of the audit and initiated processes to support an eventual sale.

As part of the due diligence process, an Assistant Controller was added to the team for reconciliation purposes. Over the course of a year, the vcfo Dallas team supported the client through an aggressive lifecycle, from audit and sell-side diligence support through transaction to post-purchase integration. vcfo Dallas continued to support the post-acquisition activities of integration into the large public corporation. As a result, the company was acquired at an increased valuation and saved over $100,000 in taxes.