Industries & Case Studies

Contractors and construction businesses

Contractors and construction businesses

Healthcare businesses, such as doctors and other medical providers,

Healthcare businesses

Manufacturing businesses<br />

Manufacturing businesses

Professional service firms

Professional service firms

Retail companies<br />

Retail companies

Real estate companies<br />

Real estate companies

Nonprofit organizations

Nonprofit organizations

Hospitality companies, such as restaurants and hotels

Hospitality companies

Technology businesses

Technology businesses

Case Study:
Physician – Medical Practitioner

Our client did not know where its cash was going, and the overworked owner wanted to work fewer hours. We commenced our six-step process focused on the drivers of cash flow and profit. During this process, every month, we made objectives to achieve our financial targets and set actional plans and processes.

We analyzed the average billable rate of the practice’s employees, hired replacements where deemed appropriate, and delegated out administrative tasks that the doctor was doing to the administrative staff. We also examined the elective services the practice was offering and had the practice focus on the more profitable medical services. Lastly, we in-housed the medical billing, saving money and increasing the turnaround time to get paid. After one year, the practice increased its profit by 49% and cash flow by 31%.

Physician – Medical Practitioner
Construction Company

Case Study:
Construction Company

The owner desired to grow his business. He was too busy wearing all the hats—trying to do or control too many functions. He was so busy caught up in the minutiae,he was precluded from focusing on those tasks necessary to scale his business and invest in his desired expansion.

We helped implement new processes and systems designed to delegate authority to others who were capable and chargeable. The result is a self-sustaining business that enables the owner not to have to work harder with longer hours in the business, and which redirected the owner to focus on those tasks that facilitated his desired expansion.

Case Study:
Manufacturer

The owner wanted to expand its in-house manufacturing significantly. The complexity of its operations resulted in poor inventory management and an imprecise understanding of product costs. We helped our client implement proper inventory control procedures and materials handling practices to better safeguard and track inventory from manufacturing to distribution worldwide through our analytics and processes. Our firm was asked to provide the necessary support for the entire accounting function.

We streamlined the monthly closing process and budget review meetings, and we have assisted the company in obtaining and utilizing accurate, timely financial reporting. We developed and implemented a new production and sales forecasting model to improve the accuracy of production plans and product availability estimates. Since we commenced over two years ago, the manufacturer has grown its revenue by 49% and improved its relationship with and focus on independent commissioned sales representatives through more reliable product availability forecasts, commission reporting, and status updates.

Case Study: Manufacturer<br />
Transportation Company

Case Study:
Transportation Company

The business grossed substantial revenue, but its profit margins and cash flow suffered. Consequently, the owners could not grow their business the way they wanted. We implemented our six-step plan focused on the drivers of the business, which has and continues to increase their profit margins and cash flow.

Case Study:
IT Company

The owners were never in receipt of timely financial statements. Their ultimate goal was an exit strategy. Financial statements tell you where your money is going, where it’s coming from, and how much you’ve got to work with.

In the absence of monthly financial reports: the shareholders were unable to tell if cash receipts were down in the current month vs. a prior month, and why this was happening; if a major customer started to limit orders because of dissatisfaction with their services; if a supplier raised prices and they were not aware of it in time to call them or move to a new supplier, etcetera. LS CFO Advisors implemented processes and procedures and assumed a controllership role in addition to a CFO role to ensure timely financial reporting to facilitate the necessary growth for their exit plan.

it-company