Client Profile

Issue

The client, an owner of multiple hotels, restaurants, commercial rental properties and various other businesses, was actively exploring different strategies to grow their business divisions and the overall company. They recognized the need for investments in updating the hospitality properties and significant upgrades in the commercial properties. They sought an effective, easy-to-use, high level financial model that would enable them to conduct a wide variety of possible “what if” scenarios. This model would help them determine which strategies made financial sense, both individually and overall, thereby empowering them to make informed decisions.

Solution

Our CBIZ experts have built a strong relationship with this client over the past several years. We have assisted them in implementing fraud controls, streamlining processes and evaluating different parts of their business. They knew the type of financial modeling they were seeking would differ from their current detailed annual budget-by-month model. They trusted our expertise in long-term planning and financial modeling, so they did not hesitate to seek assistance from our Outsourced Accounting Solutions team.

Our team took the time to understand the strategies and possibilities for each business and division. We then developed a strategic five-year cash forecasting model, including financial statements through to the statement of cash flow (SOCF), driven by the client’s assumptions. We provided instructions for its use to the CFO and demonstrated how to easily change the assumptions, which drives the model and shows the financial results for each strategic scenario.

Outcome

We reviewed the model with the client, who is currently using it to evaluate each strategy’s capital needs and financial results. This successful collaboration has left them feeling reassured and confident in our services.