Interim Treasurer & Finance Infrastructure Build

Client

Private Equity-backed retail technology firm carved-out of large publicly-traded corporation

Situation

The client CFO retained an interim Treasurer from Level^x to quickly establish a treasury function and control the flow of cash between the carve-out and it’s former parent.

Level^x Actions

• Designed overall cash management methods and tools to facilitate the tracking and assignability of cash between the carve-out and its former corporate parent
• Created a monthly reporting package for the private equity sponsor
• Calculated and reported on all lender covenants, offered the CFO and CEO guidance on covenant compliance requirements and tactics
• Trained new treasury team on cash flow forecasting, liquidity management, and bank relationship management
• Designed and implemented a daily cash forecast which served as an essential tool for managing A/R collections and line-of-credit use, and controlling inventory
• Assisted in the development of a financial forecast process and tools
• Assisted in design of treasury function (org chart) and evaluation/selection of treasury team members

Results

• Documented all treasury processes, methods, and tools and transferred this knowledge to the new treasury team