A domestic food manufacturer with more than 100 SKUs and three plants across the U.S., was experiencing growing financial strain as inconsistent processes, rising accounting costs, and declining clarity began affecting operational performance. Each plant operated with its own workflows, leading to conflicting numbers, slow reporting, and a cost accounting structure that no longer reflected reality. Leadership lacked the weekly visibility needed to manage cash, understand margins, and make strategic decisions. Compounding the issue, more than half of the company’s accounts receivable sat 60–90 days past due, constraining cash flow and masking true profitability.
FinSource stepped in to stabilize and rebuild the company’s financial operations. By standardizing accounting processes across all three plants, FinSource created a unified financial system that eliminated inconsistent coding, improved reconciliations, and brought all locations into alignment. The team rebuilt cost accounting from the ground up—refreshing standard costs, tightening BOM accuracy, and implementing reliable variance tracking—giving the CFO and CEO real visibility into product and plant performance.
FinSource also established a clear weekly reporting rhythm, including cash flow updates, flash P&Ls, KPI dashboards, and actionable variance analysis. For the first time, leadership received timely and accurate financial insights they could use to operate proactively rather than reactively.
“FinSource transformed our entire financial operation in record time. Their team brought consistency across all three plants, restored clarity to our cost accounting, and improved our AR so dramatically that over 90% is now current. We finally have the visibility and confidence we need to run the company proactively.”
– Tom, Manufacturing CEO
One of the most immediate wins came from overhauling AR management. FinSource reduced aged receivables by more than 50%, shifting over 90% of AR into current status. This dramatically improved cash flow and unlocked working capital that had been stuck in outdated processes.
Through a combination of U.S. oversight and a dedicated global accounting team, FinSource delivered rapid improvements and a stronger financial foundation. The client now has consistent processes, clean data, timely reporting, and the clarity required to make strategic, forward-looking decisions with confidence.