PREFERRED CFO

The Confidence of Knowing™

Diversified Management Services

Industry:  Races & Events Entertainment

Size:  100-200 Employees

Results

  • DMS was successful in raising a $1.5 Million line of credit to fianance growth and expansion.

Preferred CFO Services

  • Raising Capital
  • Financial Projections
  • CFO Consulting

Prepared a robust process for financial projections, enabling the securing of a $1.5 Million debt facility. Additionally, as a parent company, client benefited from our expertise in improving consolidation process of their information into one single set of financial statements and forecast.

Raising Capital | Financial Projections
CFO Consulting

Situation

DMS had a robust accounting team that provided bookkeeping and financial reporting for each of the separate businesses. The senior management team came to Preferred CFO to assist with securing a line of credit and with various higher level, CFO projects.

Approach

  1. Assisted the process of raising debt capital through appropriate forecast creation and procedures.
  2. Revamped chart of accounts across all the companies to ensure more seamless consolidation process.
  3. Implemented more robust cash flow reporting and management process to comply with debt entity’s requirements.
  4. Provided additional staff as required to get DMS through the extra burden of an external audit.

Results

  • DMS was successful in raising a $1.5 Million line of credit to fianance growth and expansion.

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