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Turning Point Financial Newsletter                      November, 2013:  Vol 11
Welcome to the Turning Point Financial Newsletter.  We provide a fresh perspective on the state of your finances, business strategy, and operations, so you can point your business where it needs to go.
This month I would like to share a synopsis of a project recently completed. I particularly liked this engagement as we were able to provide significant and quick results.  Enjoy!
Client Snapshot: 
Finance Group Assessment and Improvement 

Situation and Challenge 

A machinery manufacturer was experiencing double digit growth. The finance department was taxed with increased workload, along with the added complexity of a recent shift from selling to leasing product. They tried to keep pace but were struggling with late reporting, missed deadlines, inaccuracies and increased tension in the department. As a whole, the company was challenged with balancing revenue growth, cash flow and infrastructure build-out.  We were asked to evaluate the efficiency and effectiveness of the Finance Group and to identify and prioritize opportunities to help the organization succeed. 



We focused our efforts on assessing the organization, workload, personnel and processes. The department was "at capacity" given the current volume, systems and workflow. And, while the primary accounting functions were well aligned with specific roles, we found a significant imbalance of workload and fragmentation of efforts outside of these core tasks. We also identified a lack of requisite skillset in the department, considerable manual and duplicative work and the need for increased focus on other administrative functions. 


The department needed additional expertise to meet growing complexities, enhanced systems to handle additional volume, and redesigned processes to improve efficiency. These changes would provide the company with the needed infrastructure to support continued double digit growth while improving reporting integrity and timeliness with no increase in department personnel. 



Management committed to supplementing the team with greater expertise, redeploying some of the current staff and implementing systems which would streamline workflow. Processes in need of immediate redesign were prioritized and bottlenecks identified.  


Just as we helped this client improve the efficiency and effectiveness of its Finance Group, we can do the same for you. If you would like to learn more, please give me a call. 


Until next month, Point Your Business Where it Needs to Go! 


Best Wishes,


2013, Turning Point Financial, LLC

Contact Us
Turning Point Financial 
PMB 111 
321 High School Road, Ste D3 
Bainbridge Island, WA 98110 
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In This Issue
Client Snapshot:  
Finance Group Assessment and Improvement
Who We Are
 Turning Point Financial
provides finance, strategy, and operations consulting services to businesses in Seattle and the Puget Sound region. 


Kelly Deis, Turning Point Financial
Kelly Deis, Principal

Kelly Deis is a senior finance, strategy and operations professional with an MBA from The Wharton School, over 20 years of experience (including Deloitte Consulting), and a proven track record of driving business results.
Kelly brings depth and breadth of experience in all facets of finance, operations and strategy - from hands on financial management to strategic direction setting and cost reduction. 
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 Do you want to grow your business, but are unsure how?


Is your organization and processes as efficient and effective as possible?


If you need help thinking about these and other financial, strategic and operational questions, call us to schedule an initial consultation.

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