Speedily fixing lax close meets acquirer’s demands

Small, private

Technology

Strategic Projects

Challenge:

A technology company was being acquired, and the CFO was in a panic—the deal excluded the finance staff, and the entire accounting department was leaving.
The company customarily took 30 days to close the books, but the acquirer wanted to see GAAP-compliant financials within 5 days of the acquisition date.
Some accounts had not been reconciled for more than a year but had to be tackled now for a successful deal.

RoseRyan assembled a crack team and created a timetable to meet the exacting demands of the acquiring company.
Each team member took responsibility for an area of the balance sheet, such as revenue recognition, inventory and equity.
Our team dug in, meeting first thing every day to troubleshoot and draw on their collective experience to solve problems. In just a month, they reconciled the books and streamlined the close process.

With RoseRyan’s help, the client was ready for acquisition day, fully able to handle tighter close requirements and post-acquisition integration.

Reconciled accounts

CFO and management gained time

A reduced, streamlined close process

Ongoing support through the integration

Acquisition-ready company

Conquered deadlines and demands

Drop us a note in the form and one of our experts will set up a time to discuss the ways RoseRyan can help your business go further, faster.

tel: (510) 456-3056
fax: (510) 456-3063

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