case study

Stabilization of central financial processes and ensuring audit readiness through interim team

industry

Consumer Discretionary

Services

Startups

Scope

Interim Head of Accounting, Senior Accountant, Senior Controller, Accountant, Junior Accountant

Challenge

High complexity, limited capacity, and pending audits.

High operational complexity due to international e-commerce operations spanning multiple storefront systems and countries, supported by several international warehouses. A significant capacity shortage within the finance team led to a backlog of incorrectly processed accounting entries. The errors were corrected under intense time pressure to meet the deadline for the annual financial statements. Due to the fast pace of operations, international payroll matters had to be handled quickly and thoroughly.

Solution

A full-service interim finance team for all areas.

Establishment of a fully functional finance team that covers all relevant areas of accounting and management accounting in close coordination with the CEO and COO. Optimization of processes, as well as the resolution and maintenance of past and day-to-day operations, to establish a sustainable, long-term financial structure. Oversight and execution of multiple annual financial statements and audits. Adopting a flexible yet well-founded approach to ensure stability and trust in a growing and diversifying business environment.

Impact

From one month to seven workdays.

All financial transactions were handled with in-depth expertise. Annual financial statements and audits were submitted on time. The monthly closing period was shortened from over a month to the 7th business day. Strategic initiatives such as international expansion and pop-up stores were made possible through operational support. The due diligence process was supported and contributed to the successful completion of the financing round.

Founder

"torq.partners provided us with exactly the practical support we needed. The interim team not only stabilized our financial processes, but also made significant improvements in the areas of reporting, audits and processes - with efficiency, reliability and full ownership."

Founder

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Portrait of a smiling man wearing a dark sweater against a white background.

Florian Blaschke

Managing Partner

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