Fixed an $85M Private K-12 Education Provider’s broken accounting department
Situation
Functional gaps caused financials to be misreported and AR to be uncollected leading to a cash crisis.
Solutions
- Restructured and upgraded team
- Built new close process and procedures to better manage accounting moving forward
- Built monthly and YTD bridge of factors impacting Revenue and EBITDA by location- providing better insights into cost containment needs
Results
Improved close process and accuracy of the financials, and reduced DSO from 87 days to 49 days.
Consulting ServicesEducation
