Industry: Large Commercial Real Estate Development

Scope:  Co-Sourcing — Accounting Operations

Background: In order to manage the variability of accounting operations needs, CTS provided Interim staff to perform various financial operations activities:

• Property accounting
• Development accounting

As part of serving in these functions on a daily basis, CTS also performed special projects

• Financial systems (Yardi) — optimization of system functionality of existing modules
• Financial processes and controls to support expansion into Middle East (Abu Dhabi)
  • Develop accounting policies
  • Document standard operating procedures

Industry: Government-Backed Agency

Scope: Interim Controller — Outsourcing Migration

Background: In preparation for the outsourcing of its accouting operations, CTS provided interim staff to perform:

• Manage and perform day-to-day finance and accounting activities
• Coordinate of migration to outsource third-party service provider
• Billing process re-design
• Document business processes in anticipation of Great Plains Dynamics system upgrade

Industry: Middle-market Logistics and Transportation

Scope: Interim Controller & Project Manager

Background:  When the Controller resigned abruptly, CTS stepped in on an interim basis to manage the year-end closing process, as well as to spearhead the financial systems project. 

• Manage month-end closing
• Prepare financial statements
• Oversee reconciliation & analysis
• Prepare budgets and forecasts
• Project management of financial system upgrade (JD Edwards)

Industry: Large Professional Services

Scope: Interim Senior Financial Analyst — Planning and Forecasting

Background: As a private equity-backed operation, the planning process needed to be enhanced.  CTS worked closely with finance, operations, IT and human resources to develop and support these planning activities:

• Budget preparation and analysis
• Pro forma & sensitivity analysis to support private equity investors information requests
• Bank reporting
• Cash flows forecasting

Industry Publicly-held Real Estate

Scope:  Interim Tax Manager

Background: Due to the sudden departure of the head of its Tax department, CTS provided an Interim Tax Manager with a blend of tax compliance and GAAP-basis reporting experience to assist with the following:

• Compliance — Federal, State, County and City
• Created a compliance database to monitor all tax-related deadlines
• Sales & use, business and other miscellaneous tax compliance
• Year-end tax provision and payments
• Prepare FAS 109 tax accrual and prepare tax payments
• Coordinate preparation and issuance of 1099’s
• Tax audits and notices
• Develop a comprehensive system for tracking the status of all tax notices and audits
• Dispute investigation and resolution, resulting in > $1 million in hard-dollar savings

Industry: Global Computer Equipment Distributor

Scope: Interim Business Analyst

Background: With the objective to further automate various financial processes, numerous IT projects were pending. In order to facilitate the prioritization and execution of these activities, CTS provided an Interim Business Analyst:

• Serve as key liaison with business owners and IT department
• Define specific reporting requirements based on interviews with business functions
• Evaluate options to meet requirements
• Design and develop performance metrics reports
• Monitor progress of related IT projects in progress

Industry: Financial Services

Scope: Interim IT Project Manager – Report Design

Background: In order to automate financial reporting processes until a new long term solution was fully implemented, CTS performed the following:

• Created Access database to support management reporting requirements
• Developed macros, filters, VLOOKUPS and other spreadsheet management tools
• Perform system testing in support of system upgrades
• Issue identification and resolution
• Developed data warehouse plan (Microsoft Analysis Server)

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