Interim CFO optimizes processes and investor reporting for edutainment platform
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Deployment of an interim CFO with a focus on investor reporting and business case modeling
Use cases
Investor Reporting
Business Modeling C
ash Forecasting
Support for the monthly closing process
Process improvements
"Thanks to torq.partners, we were not only able to continue to successfully manage our daily financial tasks after the departure of our CFO, but also optimize our processes."
-
Founder & CEO
Challenges
The CFO left the company at short notice without ensuring a complete handover of processes and tool access.
The high level of integration between the backend and financial processes, such as revenue recognition, financial modeling and investor reporting, was not fully comprehensible.
Important financial processes were set up and carried out exclusively by the CFO without any backup solution or representation by other employees.
The figures and assumptions of the financial models were not clear to the CEO.
Solution
Adaptation and simplification of processes and integration in connection with the monthly closing, investor reporting and business modeling
Distribution of key processes to several people (Head of Product, Accountant, etc.)
Adapt the business plan to ensure that the key assumptions are clear and easily adaptable
Development of clear and concise investor reporting including the business plan
Impact
A high degree of automation and integration between investor reporting, business plan and backend systems was ensured so that investor reporting can be created within one day.
The processes have been considerably simplified and distributed across several employees, reducing the risk of short-term employee absences.
The CEO can now independently change assumptions in the business model and carry out scenario analyses.
