Richter CFO Initiatives

OUR RESULTS

Swedish Subsidiary of Major Publicly Traded U.S. E-Commerce Company

Problems/Opportunities
Swedish acquisition required integration into the parent company’s financial system and U.S. GAAP, SOX compliance and purchase accounting standards needed to be applied.

Results
Successfully implemented financial reporting standards to comply with U.S. GAAP and IFRS, coordinated US purchase accounting requirements and trained European staff during integration of consolidation procedures. 

Pubicly Traded Medical Device Manufacturer’s Major Subsidiary

Problems/Opportunities
Management transition due to poor performance required experienced CFO.

Results
Worked as interim CFO, with new General Manager, to resolve operational and financial reliability issues. Improved overall controls and increased profits and cash flow by 50%.

Job shop manufacturer specializing in printing and assembly 

Problems/Opportunities
Financial information did not match business model or manufacturing operation.

Results 
Financial statements were adjusted to compute an accurate break-even point for the company. Industry indices and company cost structure goal established to price future jobs and profitability cash flow increase 200%.

HVAC Mechanical & Service Contractor

Problems/Opportunities
Business/financial plan needed to be developed to support financing for purchase of company from large corporate owner.

Results
Fulfilled requirements for business plan that obtained sufficient bank financing. Provided guidance to negotiate an effective acquisition transaction.

.Contact Information: 612.226.9427