Interim Financial Leadership
Lower middle market finance organizations suffer from imposter syndrome. Too often accounting managers are masquerading as global controllers or even CFOs. Xylinx will conduct a review of the financial reporting process and assess the need for FP&A analysts. The first 100 days post-close are crucial to ensure accurate and timely financial reporting supports the thesis developed by Private Equity analyst deal teams. We will work to implement systems to deliver GAAP basis financial statements within 10 days of the close business. This will provide your new CFO reliable financial reporting from day one. Our engagements are flexible with the ability to start and stop on demand.
Confirmatory Financial Due Diligence
- It is focused on confirming the financial performance of the business as presented. Our written Quality of Earnings (QoE) report includes a proof of cash, analysis of networking capital, variance analysis of all items on the Profit & Loss statement as well as the Balance Sheet, customer analysis for risk assessment and vendor analysis for risk assessment. During our process we also asses the overall strength of the finance organization and highlight opportunities for value creation in the financial reporting process. Each engagement includes a written report and supporting databook. Our engagements can be tailored down in scope & price to provide value to your overall due diligence process.
Purchase Price Allocation / Opening Balance Sheet (ASC 805)
Once the dust settles and the deal is closed it’s time to integrate the asset into your portfolio. A purchase price allocation needs to be conducted to assign value to the underlying assets and to maximize the amortization of the goodwill deduction for tax purposes. A valuation is required to be defensible under IRS audit. Our team will conduct a valuation and provide journal entries to get the new acquisition ready for inclusion in consolidated financial statements.
Outsourced Controller
Depending on the size and industry of your new acquisition an outsourced controller function can be massive cost reduction tool. Our team has experience providing GAAP basis financials for companies ranging in revenues of $5M-$25M. We also have the ability to augment parts of the accounting cycle whether it’s a an AR/AP clerk, budgeting help or providing month-end close oversight.
Audit Readiness
- Our team of experts brings decades of experience cleaning up historical financial statements and creating lead sheets for auditors thus saving your portcos tens of thousands of dollars in audit fees.
Digital Marketing Due Diligence
This starts with a review of all business documents (business goals, LY & current monthly performance reports, P&L, Brand Book, SWOT Analysis, Brand Benchmark Analysis).