OUR CLIENTS
The biggest change was cash visibility. Think CFO installed forecasting and financial discipline that lets us see problems months before they hit the bank account."
— President, Commercial Contractor
Think CFO helped us implement a 13-week cash forecast and backlog conversion model. In less than six months, we eliminated the cash swings that used to force us to draw on our line of credit every quarter."
— Owner, Civil Infrastructure Contractor ($22M Revenue)
"Steve helped us build a rolling 12-month financial forecast tied to backlog. We now have visibility into revenue and labor capacity nearly a year in advance."
— Founder, Electrical Contractor ($18M Revenue)
"Our monthly financial close used to take 20 days and the numbers were still questionable. With Think CFO’s structure in place, we now close within 5 days with reporting leadership actually trusts."
— CEO, Specialty Trade Contractor ($30M Revenue)
Client
Feature:
Reliance Electric Summary: A full-service licensed electrical contractor, Reliance Electric offers an extensive range of electrical services nationwide. They engaged Steve in July 2022 to perform the following:
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Provide operational advice from a CFO perspective.
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Provide high-level, ad hoc strategic CFO advice.
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Assist with debt and equity financing opportunities.
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Assist to understand and improve the Company’s cash position.
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Assist to improve profitability.
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Assess and provide input and direction to improve system capabilities, configuration, and fit with the business.
In this role, Steve has helped Reliance become more forward looking and data driven by providing monthly updated forecasts, budget to actual variance analysis, extensive analysis of their Work in Process files, pricing and margin analysis, and scaling for growth.