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  • About
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Give Us A Call 972.692.0380

10 Years. 3 Owners. One Company.

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Issues

  • Getting the client’s books in order
  • Transitioning from family-owned and operated to private equity
  • Transition of CFO

A change in company ownership can create a financial headache. Venturity brought stability and expertise to the finance and accounting function, giving its clients confidence and peace of mind during a time of change.

Challenges Driving Change

The shift from a family-owned and operated business to one backed by a private equity group brings significant changes in the level of financial information needed. Not only was Venturity’s client under new ownership, the company was rapidly expanding and broadening its product line to meet the needs of their customers. While a family-owned company can make financial decisions autonomously, investors need much more in the way of detailed accounting, robust reporting and financial transparency.

With Venturity taking responsibility for the back office and providing a foundation of accuracy and trust, Venturity’s client was able to focus their attention on operations and taking the company to the next level.

Relationship Equals Results

After more than a decade of growth with a subsequent recapitalization also in the mix, Venturity still works closely with their client’s CFO and internal transaction processing team to create a fully functioning accounting department with a high level of expertise.

Not only does this relationship provide consistency in the monthly accounting, and transparency in the outside reporting, it also provides that extra layer of assurance for the client that their Venturity Team is able to step into any situation as needed. When the company faced a financial audit, there was no need for panic. Instead, Venturity’s partnership brought the client confidence that they would be able to withstand the audit, knowing their financial “ducks” were in a row.

Consistency Through Leadership Change

In 2018, more change came with a transition to a new CFO. Venturity immediately went to work building rapport with the new officer, providing assurance that he could rely on Venturity’s processes and trust in the level of support they offer. When a member of his internal transaction processing team needed to take a leave of absence, who did he call? Venturity.

Venturity mobilized quickly to map out a game plan and ensure the employee’s role was covered while she was out. Ultimately, this provided peace of mind not only for the CFO but to the employee knowing she could feel free to focus on her personal situation while Venturity handled things at work. As she returned, Venturity assisted with her re-entry for consistency in operations and a seamless transition.

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More Case Studies from Venturity

Bill.com Accounts Payable Software: Attention to Detail Pays Off

Bill.com Accounts Payable Software: Attention to Detail Pays Off

One of our newly onboarded clients, a midsize, professional services firm had several pain points surrounding their accounting function. When we took a step back to figure out why, the accounts payable process rose to the top of the list. ...

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System “Snafu”: Not Their First Rodeo

System “Snafu”: Not Their First Rodeo

Having had prior industry experience, our client prioritized the need for a strong financial foundation right out of the gate. They understood that establishing solid accounting procedures up front is key to future stability and success....

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Small Business Clients. Big Business Tasks.

Small Business Clients. Big Business Tasks.

One of the key struggles small businesses face is how to manage the daily accounting duties and responsibilities without the backend support of a large staff. Oftentimes, employees in small businesses and boutique firms wear many hats. ...

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Venturity Financial Partners is not a CPA Firm.
Venturity Financial Partners accounting services provided through an alliance with CM, CPA.
Photography by Ren Morrison.

©2021 Venturity® Financial Partners. All Rights Reserved.

972.692.0380

[email protected]

14841 Dallas Pkwy. Suite 600 Dallas, TX 75254

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