The need
Our client needed a pro forma forecast and valuation in order to complete its next round of funding. A Big 4 firm quoted them five times our price for the basic pro forma work and they required nearly three weeks to mobilize.
How we added value
After an initial call from the CEO on a Friday we were provided the Company's historical financial information and basic assumptions. We worked throughout the weekend to ensure the assumptions and forecasts were robust and provided our first draft deliverable on Sunday evening. We were then able to review the document with the company's board and technical advisers and provided a final deliverable by the following Friday.
Results
In calls with underwriter counsel and the funding group we were able to demonstrate our technical accounting and finance acumen, noting no required follow-up and high praise for the company's ability to generate a detailed and well supported pro forma forecast. The funding was completed and capital committed on the day the Big 4 firm was to have started their work. In addition, we did the work for one-fifth of the quoted Big 4 fee.
Responsiveness, technical acumen & executive presence
When funding depends on clarity and speed
Client
Tech company in the mining industry
Services
Fractional CFO
Year
2024
Fast forecasts
The company was approaching investor deadlines and risked delaying its round—potentially jeopardizing pipeline opportunities and burn rate assumptions.
