Financial Advisory
Expert Financial Leadership and Support for Dynamic Business Needs
Agreed-Upon Procedures
Turnaround Management
Agreed-Upon Procedures are customized audit procedures performed on specific financial data, transactions, or inventory. Conducted within a predefined scope, they provide objective, factual findings without expressing an audit opinion.
Turnaround Management involves the assessment of financial and operational distress, the preservation of liquidity and enterprise value, and the implementation of structured recovery strategies aimed at ensuring long-term business continuity and restoring stakeholder confidence.
Accounting Support
Financial Oversight
Support in managing corporate accounting and/or assisting foreign companies in setting up and operating branches or subsidiaries in Italy.
Ensures transparency, compliance, and risk control through the monitoring of financial operations and reinforcement of internal controls. Supports informed decision-making and safeguards financial integrity.
Case Study
A mid-sized company operating in the facility management sector was experiencing significant losses across several contracts, with negative margins in some cases exceeding 30%.
Initial Assessment
A comprehensive diagnostic phase revealed several root causes contributing to the underperformance:
- Pricing Errors: Inaccurate service pricing due to improper methods used by account managers
- Insufficient Review Controls: Second-level quotation reviews were inconsistent or ineffective
- System Limitations: Quotation software lacked accurate data integration and progress tracking, leading to distorted forecasts
Following the assessment, a structured turnaround plan was implemented, including the following actions:
- Contracts were reviewed for renegotiation or termination
- Quotation tools were adjusted and linked to accounting systems.
- Staff received targeted training; a formal pricing procedure was introduced
- Monitoring tools, including regular audits and performance dashboards, were implemented
Achievments
Within six months of implementation, the company reported a measurable improvement in contract margin control, greater pricing accuracy, and enhanced alignment between operations, finance, and commercial teams. The corrective actions not only stabilized the profitability of active contracts but also laid the foundation for sustainable growth and better risk management.