Administrative Expense Reduction & Management
As the financial advisor and manager for numerous middle-market companies, Sutker Moran has the external perspective to know the market pricing and expected service levels from various providers of general and administrative expenses such as:
- Professional Services
- Banking
- Business Insurance
- Credit Card Processing
- Payroll Processing
- Freight
- Small Packaging Shipping
- Utilities
- Profit-Sharing
How We've Helped
Case Study: Building Financial Acumen Leads to Competitive Advantage
$80 million distributor to the Construction Industry
Solution
A middle-market construction-related company seeking to increase its competitive advantage eliminated its controller position and hired Sutker Moran at significantly less cost to prepare and analyze monthly financial statements, attend monthly management meetings, and provide guidance when financial issues arise from time to time.
Sutker Moran develops, in conjunction with other senior management, the company’s annual operating plan, provides monthly analysis on customer and product line profitability, as well as variances to budget. In addition, Sutker reviews administrative expenses, recently being instrumental in reducing the company’s corporate insurance by 40%.
Case Study: Relentlessly Finding the Right Provider
$15 Million Service Provider of Administrative Services
Solution
A middle-market service provider’s personnel were classified as a certain type by its long-time insurance broker. Ownership felt this classification was incorrect and costing the Company money. The broker insisted there were no alternatives. Sutker Moran searched and found many brokers who agreed with the incumbent, but we found one who didn’t and who worked tirelessly to get the classification changed, saving 30% on the Company’s workers’ compensation insurance.
Case Study: The Numbers Do Not Add Up
$65 Million Food & Beverage Distributor
Overview
A large middle-market Global Food & Beverage Distributor was reporting profits. However, it had no liquidity being tapped out on its line of credit facility and late on vendor payments. The accounts receivable and inventory balance grew significantly. Unhappy with their outsourced CFO, they terminated the firm.
Solution
Sutker Moran took over the outsourced CFO and Controller roles, diving into the financials and identifying gross mistakes and misrepresentations. As a result of providing the owners with a true, realistic financial picture that reflected significant operating losses, Sutker Moran collaborated with ownership and implemented a major restructuring based on their customer profitability analysis and their strategic zero-base analysis of expenses. With a return to strong, credible profitability, Sutker Moran succeeded in helping the Company obtain more conventional financing that provided sufficient working capital to fund the Company’s growth strategies. As the Company’s permanent outsourced CFO/Controller and management team member, Sutker Moran provides timely and accurate financial statements and analysis, manages cash, develops annual financial projections and interim financial forecasting, as well as recently assisted in the implementation of a new enterprise system.
