Fintelligent provided iEnterprises with sound financial practices and a cash flow management tool that enabled us to self-fund our operations. This allowed us to innovate and more rapidly grow.
John Carini, Founder & CEO
Fintelligent was the company’s Virtual CFO and Virtual Controller
iEnterprises is a software company providing CRM and mobile solutions. The company’s award-winning software is used
by enterprises such as Oracle and Seiko. It allows organizations to work with CRM more intelligently and efficiently. It is particularly suited to companies with recurring revenue.
The company was enjoying considerable success with its legacy products, however, new products were needed to continue growth.
Management wanted to restructure the organization to have more of a new product focus.
All product development and future operations needed to be funded from internal cash flow.
Refine strategy and develop systems to maximize cash flow and pivot operations.
Support strategic shift to new products and recommend organizational changes
Close books each month, prepare financial reports and present to management
Implement simple cash flow model CEO could use to create “what-if” scenarios and forecast cash impact
Prepare monthly financial plan to manage impact of transition to new products
Fintelligent provided Virtual CFO and Virtual Controller services
Fintelligent and iEnterprises management worked together to develop a new strategy focused on new products. We examined competitive threats and recommended ways to reduce risk. This lead to organizational changes migrating the company from its legacy product platform to new products.
Fintelligent worked with the company’s bookkeeper to get good data into a financial management system that generated accurate, timely and relevant financial reports.
We prepared an annual budget by month and implemented a system of budget vs. actual reviews to make sure the company was on target to achieve its objectives.
Fintelligent built a simple cash flow model tailored for the CEO, John. Fintelligent delivered monthly updates with actual data so John could run various “what-if” scenarios.
Introduced new products with no outside capital
New products accounted for 30% of revenue within 12 months
Legacy assets sold at profit and distributed to shareholders
Overall company revenue grew to highest level ever
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