Case Study: Private Equity

Transforming Financial Reporting for a Private Equity Firm

Discover how we revolutionized financial reporting processes for a leading private equity company, enabling seamless entity comparison and improved decision-making.

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Private Equity Reporting Challenges

In the competitive world of private equity, timely and accurate financial reporting is crucial. Our client faced significant hurdles in consolidating financial data across over 25 entities, relying heavily on cumbersome Excel spreadsheets. This case study explores the innovative solutions we implemented to streamline their reporting functions and enhance financial transparency.

Operating within the private equity sector, our client struggled with inefficient financial tracking methods. The reliance on Excel for managing multiple entities led to delays and inaccuracies. Our mission was to find a robust solution that would allow for comprehensive and reliable financial comparisons across all entities.

Our Approach

1

Evaluating Software Options

2

Implementing the Solution

3

Achieving Results

We started out by evaluating multiple different options of accounting software that would allow the entities to be compared side by side. We evaluated many different software’s based upon price, capabilities, and needs of the company to see what would be the best fit for them. We provided the results to the board and made our recommendations and offered the support needed to setup the entities. Once approved, all entities were created in the new software (QuickBooks), chart of accounts were synchronized, and all annual transactions have been updated and confirmed.

The Results

The company has been able to compare financials side-by-side now and confirm that all transactions are accurate and being recorded correctly, and on top of it we were able to help the company save thousands of dollars in annual software costs.  We are more quickly able to get the information entered and side by side to review for the board. The company is better able to track intercompany transactions and make better financial decisions based on this information.

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