Accounting and Finance Solutions for Construction Company

This case study outlines Vaco's engagement with a high-growth construction company to enhance its accounting and finance functions. The initiative was prompted by challenges such as accounting errors and uncertainties around cash flow, which were exacerbated by the company's expansion and acquisition discussions. Vaco deployed a team of finance and accounting experts to perform a comprehensive analysis of the organization's financial records, identifying irregular bookkeeping practices and implementing Generally Accepted Accounting Principles (GAAP). Key activities included improving accounts payable and receivable processes, establishing accounting controls, and configuring customer relationship management software. The project also involved creating a virtual work-order process board to enhance job tracking and communication. Vaco's efforts resulted in a more organized cash application process, improved cash forecasting, and a clearer understanding of financial challenges. The engagement ultimately led to the successful recruitment of a finance manager and a replacement controller, positioning the client for ongoing success and private equity funding.