Soundpoint Consulting Newsletter
News and Views 
June, 2014:  Volume 18
 
  
Welcome to the Soundpoint Consulting Newsletter.

 

We use this newsletter to share our perspective on topics and share illustrative case studies that we believe are relevant to business owners and leaders.

If you would like our viewpoint on a topic, please shoot us an email. If you like what we have to say, please share it with a friend.

This month I would like to share a recent client engagement where we helped create and build the financial reporting infrastructure.  
 
Enjoy!
 

Client Snapshot
Medical Devices: Accounting and Financial Reporting

 

Situation and Challenge

A medical device company was growing at double digit rates and could see a clear path for continued expansion-either through organic growth or an acquisition. The company anticipated that their success would soon attract outside investors, and they wanted to be prepared for that eventuality.

 

Management needed to be sure that their books were in good order for both on-going management of the company as well as bank/investor presentations.

 

They asked us to ensure proper GAAP accounting, establish document accounting procedures, create a monthly financial reporting package and develop key performance indicators (KPIs).

 

Solution

We identified adjustments needed for GAAP accounting, restated prior years' financial statements and documented procedures for future compliance. We remapped expenses and instituted policies for consistent categorization.

 

We revised the Chart of Accounts to facilitate product line gross margins and instituted a perpetual inventory accounting system.

 

We created a comprehensive monthly reporting package and dashboard which not only included overall year-over-year and month-over-month financial performance and ratios, but also product line and average transaction profitability as well as customer buying trends.

 

Results

The reports identified areas of the business needing further attention, including inventory, supplier and customer management. The management team was deployed to address the identified issues. 

 
Just as we helped this client build its financial infrastructure, we can do the same for you. If you would like to learn more, please give us a call.  

 

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

 

Best Wishes,

 
Kelly
2014, Soundpoint Consulting, LLC

Sound Consulting. Solid Results.

 

News and Views

Recent Newsletters
 

May, 2014

Unveiling Business Valuations

 

April, 2014

It's 11:00pm.  Do You Know What Your Financial Ratios Are?

 

March, 2014:

Client Snapshot: Retail Financial and Operational Turnaround

 

February, 2014:

Business Valuation Scorecard:  7 Key Components 

 

January, 2014:

Client Snapshot: Medical Practice Cash Flow Forensics

    

and more ...   

 

 

 

 

 

 

 

 

 

 

 

 


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The Benchmark Study with the smaller business in mind

 

 

  

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Understand your financial ratios.

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Soundpoint News
 

 

"Unleashing the Power of Ratios" by  Kelly Deis was published in the June 19, 2014 edition of QuickRead, publication of the NACVA for financial consultants.

  

For more news and views, check out our website:

soundpointbusinessconsulting.com

 

Soundpoint Speaks
Recent Blog Posts
 

 

About Soundpoint
 
 
Soundpoint Consulting is a business consulting and valuation firm serving small and mid-market companies in the Seattle and Puget Sound region. We focus on helping high growth and transitioning companies grow profitably by performing deep financial analysis, translating insights into impactful operating initiatives, and backing those recommendations with execution support. 

We provide business valuations for purposes of developing an exit strategy, gift and estate taxes, divorce proceedings or a potential acquisition. 
Kelly Deis, Turning Point Financial

Kelly Deis,

President

Strategy and Operations: from turnaround assistance to efficiency improvement and growth strategies.

  

Finance: from benchmarking to cash flow projections and product line profitability
 
Business Valuations: for purposes of divorce, estate and gift tax, to transactions and long term value maximization

 

Contact Us

Soundpoint Consulting, LLC
206.842.4922 

Kelly Deis, President

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