PREMIER SERVICE WITH TANGIBLE RESULTS

Specializing in the placement of finance and accounting professionals

CASE STUDIES

We take pride in delivering quality service with tangible results. Our objective is to provide the necessary tools for our clients to focus on key business issues. Whether the need is for a consultant to develop policies and procedures, a team to manage and build the back office infrastructure or a project manager to lead a systems implementation, we can help.

The following are some of our success stories.

A Boutique Public Relations Company

Problem
Early stage and rapidly growing Company needed a finance professional to develop the accounting and finance function and to define requirements for a permanent finance executive.

Goetzman Group Solution
Provided a seasoned financial manager with relevant industry experience to establish and manage the accounting and finance function, with specific focus on a budget and cash flow model to effectively manage working capital. Leveraged knowledge of the Company and the needs of the finance function to define role, responsibilities, and priorities for recruiting a permanent finance executive.

Result
Client was able to immediately draw on the expertise a seasoned finance professional with experience in is industry. Rather than occupy time and redirect resources from its customers, our client was able to rely on our professionals to establish the back office function, and define the requirements to recruiting, hiring and training a financial team to support the projected growth of the Company.

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Internet Infrastructure Company

Problem
Pre-IPO Company needs to reconstruct financial records and prepare audited financial statements for three consecutive years. Lacking a professional finance team and an appropriate accounting system, Company needs to develop financial policies and procedures and implement a financial system on JD Edwards.

Goetzman Group Solution
Provided an interim Controller and experienced accountants to manage and direct internal accounting staff in preparing audit workpapers, documenting business processes, gathering user functional requirements, and developing finance & accounting policies. Provided project manager with JD Edwards experience and implementation background to lead systems conversion and conduct user acceptance and validation testing. Worked closely with internal management to support Big 4 auditors and investment bankers through audit and S-1 process.

Result
Breadth of solution allowed Client to meet critical deadlines and deploy expertise only in specific areas of need. Client was able to save time and money. By cost-effectively plugging a turnkey management team into their organization, the Client was able leverage our experience to work and guide their staff through business critical processes.

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A subsidiary franchiser of Mexican-style restaurants of a Fortune 500 global restaurant operator

Problem
Company needs to conduct due diligence reviews and audits of its 130+ domestic franchisee groups. Declining royalties, non-reimbursement of co-op expenditures, weak internal control infrastructure and exposure to credit risk necessitate this project. The company seeks an outsourcing cost-effective solution to augment the Big 4 Senior Management team engage to lead the project. Client did not want to experience staffing turnover during the project.

Goetzman Group Solution
Provided a team of senior financial consultants to work under the direction of the Big 4 engagement partner & manager. Provided independent business analysis for negotiations between franchiser and franchisees. Restructured the franchisee cash flow obligations to ensure its viability and long-term economic return for the franchiser. Established a framework for on-going franchisee reporting requirements and compliance. Identified and accelerated the liquidation of targeted non-performing franchisees to maximize residual returns to both franchiser and franchisees.

Result
The project spanned 8+ months; insufficient time to hire permanent employees but too long a duration to incur the high costs of utilizing Big 4 consultants. Client saved significant time and money by leveraging our resources. By offering professionals that are full-time employees of the Goetzman Group, we were able to ensure continuity and consistency in staffing for the entire project duration.

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Online Media Streaming Company

Problem
Project required a consultant with strong accounting and ERP systems skills to assist the Corporate Controller.

Goetzman Group Solution
Consultant assisted in the Corporate Accounting area with Q1, which involved very complex accounting tasks; his initiative enabled him to run with the project, which consisted of duties ranging from Prepaids, Fixed Asset Depreciation, (helping manage schedules), reviewing/preparing Journal Entries, cashflow analysis, various month-end close duties, and audit schedules.

Result
He had very advanced Excel, and his analytical aptitude enabled us to shorten our close cycle.

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A Company Specializing in Real-time Computer Graphics

Problem
A technically solid Finance Consultant to work within the FP&A group.

Goetzman Group Solution: Project required advanced Excel knowledge, consultant successfully re-created financial models; wrote Macros/creating new formulas; The Consultant’s solid system implementation experience was a huge plus too.

Result
Overall Goetzman consultant was a huge asset to our team, she created new balance sheet and cash flow templates which were invaluable for our future use; She also reviewed and improved our financial statements and profit participation statements.

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Digital Games Division

Problem
Goetzman Group director level consultant to complete monthly P&L rolling forecast submissions including all aspects of P&L for joint venture companies calculation of film asset amortization for worldwide calculation of participations, review consolidation tasks and monthly cash submissions and all aspects of cash for joint venture companies.

Goetzman Group Solution
She was our liaison to financial reporting team which involved review of monthly/quarter results, and major re-forecasts, The consultant had a much greater role in the P&L, balance sheet, and cash process. Also, we were able to use her on special projects including modeling the accounting treatment for joint venture companies, creating an ultimates model, and building reports in ERP system management reporting.

Result
“I want to let the Goetzman Group know how much appreciation and respect I have for Jennifer*. Her dedication, hard work, and talent has been fantastic. Jennifer jointed my team several years ago and has become a trusted advisor and valued executive of our company. She consistently delivered above my expectations and was always willing to go the extra mile.”

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