I knew I needed more financial expertise in our company, but couldn’t afford a full-time CFO. Fintelligent provided the right level of service at the right price. They’ve helped us enjoy record annual sales, higher cash flow and elimination of our long-term debt.

Paulo Rodriquez Heyman, Founder & President

Business Situation

Fintelligent provided Virtual CFO services to help Renova gain better insight into the financial performance of the company

Renova is an environmental contractor providing remediation services to federal, commercial and residential customers. Founded in 2006, the company has performed over 1,000 projects. The company’s mission is to provide cost-effective environmental and project management services that protect human health and the environment.

  • Renova was bootstrapped with founder capital and debt

  • The business grew rapidly from small residential jobs to larger enterprise contracts

  • Larger jobs required more labor and capital equipment, straining the company’s resources.

Focus Areas
Expand job margins to increase cash flow, fund growth and retire debt.


Recommend methods to improve gross margins and improve job profitability


Introduce monthly financial reporting and management reviews to empower the business owner to assess growth


Reduce corporate debt and recommend options to increase internal cash flow


Develop annual financial plan and report performance against metrics


Fintelligent provided Virtual CFO and Virtual Controller services

Update Reporting

Create Perf. Meas. System

Set Hurdle




Fintelligent worked with Renova to update the company’s general ledger system, introduce a cleaner chart of accounts and made it all accessible via the cloud

Renova management and Fintelligent jointly developed a comprehensive annual plan. Renova wanted to see metrics and performance for monthly sales, margin, profitability and debt management. We met with Renova monthly to review performance

Renova asked that we review its bidding process and set minimum hurdle rates for job profitability. We worked with Renova management to review certain bids to ensure hurdle rates were reasonable

Reducing long-term debt was a key objective for Renova. During the annual planning process, we determined how much excess cash flow could be used to retire debt. We also reviewed various strategies to keep the company adequately capitalized


Net revenue increased over 66%

Gross profit margin increased over 100%

Company eliminated all long-term debt through internal cash flow

Business expanded into lucrative government contracting

Bridge the gap from startup to scale

Grow your company faster and more effectively with outsourced finance and accounting from Fintelligent

Contact Info

908-264-2220 x110

248 Main Street

Chatham, NJ  07928

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