Service(s) Provided:
Portfolio Company Onboarding
Situation:
Vector was engaged to provide interim CFO services for a high growth collision center business that was formed through an investment from two private equity sponsors. The sponsors required multiple reporting packages on a weekly, monthly, and quarterly basis including board reporting. Vector’s resources provided the initial preparation of the reports in conjunction with the sponsors and provided the ongoing reporting updates from the portfolio company systems and financial accounts.
Vector’s Approach:
Vector developed relationships with each private equity sponsor to coordinate the reporting needs of each firm. Reporting was prepared on a consolidated basis with new acquisitions folded into the reporting package including pre-acquisition Quality of Earnings (“QoE”) reporting. This allowed the portfolio company to immediately report and analyze historical financials and to develop and measure KPIs.
Results:
The private equity sponsors were able to leverage portfolio company data across the full platform to identify areas for operational improvement. These areas included cash and debt monitoring and capacity, P&L performance, budgeting, and OKRs.