Background: With the announcement of its sale to a large, Europe-based public utility company, this CTS Impact client needed enhanced reporting and analysis to support its new ownership. Also, re-engineering of business processes was required to align with its new corporate parent standards.

CTS Impact Solution:

• Financial reporting & analysis
  • IFRS financial reporting (previously on GAAP basis)
  • Develop annual budget
  • Develop methodology
  • Cash flow forecasting
  • Tax support (1099 reporting)
• Business processes and controls
  • Re-design purchasing and accounts payable processes (EDI, procurement card, T&E)
  • Document accounting policies and operating procedures
  • Internal controls review