Customer Case Studies

Here are our case studies for you to learn why Entreflow is the CFO choice for Canadian growing businesses.

Client 1

Background

  • Custom manufacturing in the automotive space
  • $5+ million ARR, 30+ employees

Solution

  • Implemented cloud accounting software and automations, trained the team to use it
  • Took over monthly operational bookkeeping and accounting to reduce errors and optimize cash flow
  • Provided monthly CFO and recruitment services on retainer to efficiently scale business operations

Challenge

  • Current accounting environment was no longer sufficient leading to inventory management problems, inability to process sales efficiently, and lack of visibility into critical financial metrics
  • Skilled operations people with no professional bookkeeping/accounting
  • Transitioning to new general manager
  • Difficulty hiring sales people and assembly/installation staff

Results

  • Helped the company significantly increase revenues, improve costs and increase employee count 50%
  • Identified inefficiencies in inventory management resulting in significant cost savings
  • Proposed investment of liquid assets in short term funds, significantly increasing revenue
  • Uncovered opportunities for refinancing for significant long term savings
  • Eventually hired a replacement for ourselves – a full time Finance leader

Client 2

Background

  • SaaS technology company in the cannabis space
  • Started working with the team a couple of years into operations

Solution

  • Re-implementation of accounting and fintech stack to get in-depth look into finances and maximize liquid cash for business growth
  • CFO leadership and bookkeeping solutions helped grow business efficiently, raise and plan cash in accordance to business growth needs

Challenge

  • Lack of appropriate accounting systems
  • No CFO, yet need to raise, plan cash, manage accounting operations
  • Inadequate accounting records
  • Poor accounting for the company caused founder to waste time and resources on financial planning and cash flow analysis

Results

  • Company has grown from early traction to multiple millions of dollars of revenue and 10+ employees with a straightforward financial plan for long term success

Client 3

Background

  • Travel technology company
  • 20+ million ARR
  • Was in the process of being acquired when we first engaged

Solution

  • Entreflow championed the process of getting business finances in order for due diligence.
  • All business finances were audited and prepared for acquisition to maximize profit from business sale
  • Сritical HR support during the COVID shut down and restart

Challenge

  • Company has been through a couple of M&A activities and a COVID crisis in travel industry

Results

  • Despite COVID, company is still going strong and has acquired, integrated and launched tech of another company

Client 4

Background

  • Online publishing start-up
  • Pre-revenue
  • Unlike most startups, this startup had technology already built, investors on board and a path to IPO

Solution

  • Initial accounting software and processes setup
  • Taking the company through M&A activity and an audit
  • Working directly with their software developers on the accounting integrations for their platform and specific cloud accounting solution for client needs
  • CFO leadership throughout the entire process – from initial start till IPO

Challenge

  • Needed someone to set up books and accounting software from scratch and define the finance and accounting startegy
  • Preparing for fundraising, working with seed investors and planning to go public
  • Complicated accounting for the platform

Results

  • Company has successfully completed two raises and is on track for IPO
  • Accounting systems and processes allowed our client to efficiently scale their business and gain deep insight into P/L for their products

Client 5

Background

  • Retailer in the Health and Wellness Space
  • 11 locations, dozens of employees
  • 30+ million ARR

Solution

  • Implemented QuickBooks Online, Hubdoc and scanning solution
  • Redesigned accounting and inventory procedures
  • Trained operations/bookkeeping team
  • Improved reporting and cash flow management

Challenge

  • Systems were incapable of tracking inventory properly, across multiple locations
  • Business had difficulty with visibility into profitability, cash forecasting

Results

  • Roll out of new cloud accounting software to address specific needs of the business
  • Improvement in employee well being
  • Significant improvement to inventory management and planning

Get Started with a Free Consultation

The first step is a friendly conversation about your business

“Let’s chat. I’ve helped hundreds of Canadian business owners work out their next steps.”

– Mary A.

Entreflow Solutions Consultant, Growth Expert

Phone: (604)814-7089

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