KEY SERVICES:

• Restructure and establish accounting staffing model
• Accounting system review
• Financial budgeting and forecasting model
• Financial reports, dashboards and key performance indicators
• Cash flow solutions
• Multi-state sales tax issue resolution
• Financial interpretation for CEO

---

SITUATION:

LeafTech Consulting provides IT solutions for small and medium-sized businesses with 20-100 employees. As a managed service provider (MSP), they provide strategies that remove uncertainty and help businesses reach their ultimate goals.

Founded in 2007 in Denver, CO, the company had grown substantially, while still using their start-up accounting processes.

“We realized we had outgrown our financial expertise, and really didn’t know what we were doing. We were operating on a money-in, money-out basis,” said Chris McAree, CEO, LeafTech Consulting. McAree recognized the need for CFO and Controller expertise and welcomed the ability to make strategic decisions based on sound financial data.

---

SOLUTION:

LeafTech Consulting hired VertexCFO and McAree says that within a few months, the fractional CFO and controller company had a good handle on their financials.

“For the first time, we invested in financial operations, and it was absolutely the right decision,” McAree said. “You can’t fix things you can’t measure.”

VertexCFO performed a complete analysis and clean-up of the financials and restatement of prior year financial information. To make more informed decisions, they implemented a full suite of financial reports, dashboards and key performance indicators to provide financial insights into the company. Collaboratively, VertexCFO built a budget and forecast with automated reporting and assumptions that allow LeafTech Consulting to be more strategic as they continue to build their company. VertexCFO also helped LeafTech Consulting address receivables, collections, accounts payable and resolve a multi-state sales tax issue, working with a third-party firm. LeafTech Consulting has improved its reporting and compliance based on the recommendations from VertexCFO and its consultants.

McAree said VertexCFO has a cadence and authority about them. “I have built a level of trust and partnership with them. They are looking at the most intimate part of my business, yet I don’t feel judged or lesser than. I believe that things are going in the right direction. I’m getting the feedback I need to continue pushing forward as a company.”

Once VertexCFO set up foundational processes, LeafTech hired a billing and accounting coordinator who continues working with VertexCFO, following the processes they developed. VertexCFO now takes a more strategic role as an advisor.

---

RESULTS:

“We now have clarity, whereas before we were flying blind. We have streamlined financial reports and have a clean P&L statement. I have a true understanding of how the company is performing.”

McAree says LeafTech Consulting has grown organically 30% in the time they’ve worked with VertexCFO, and now is in a position of considering strategic acquisitions. “We would have never been in a position for making an acquisition without the help of VertexCFO. Having a very clear understanding of our financials has given us stability and insight to make smart decisions.”

LeafTech Consulting has also benefited from VertexCFO’s M&A support. VertexCFO understands buying a business is a daunting and complex process, and VertexCFO helps shepherd the deal from start to finish, providing the general oversight and coordination owners need for a successful closing. VertexCFO recognizes an executive team must focus on day-to-day business operations essential for the business’s continued progression. VertexCFO can drive the due diligence process, work with M&A teams (attorneys, tax accountants, bankers, buyers and target companies), carefully examine tax structures and deal terms, identify and resolve potential snags in those terms and assure a successful outcome, both financially and culturally.

McAree is excited to have pristine books heading into the new year, and looks forward to receiving monthly financial packages he understands. “This isn’t my world, but no one has ever made me feel dumb or stupid for asking for clarification.”

“As the owner of the business, it’s my finances, money, well-being and it’s how I take care of my employees. VertexCFO treats it with the sensitivity and care that’s required. This is my baby. VertexCFO will tell me when my baby is ugly or doing well, in a nice way.”

“The VertexCFO team cares and wants me to succeed. They continue helping me make good decisions,” he said.

“We go above and beyond to solve our client’s IT issues, and we seek out business partners that are also like-minded true partners who care about helping their clients. We were happy to find a true partner in VertexCFO,” McAree said.

LeafTech Consulting continues to make informed business decisions and has been recognized on this year’s Inc. 5000 list of the fastest-growing private companies in the U.S. and Chris is recognized as part of the Colorado Titan 100 Hall of Fame. This prestigious honor has been awarded to only twelve Titan 100 honorees as part of this inaugural commemoration. The Titan 100 Hall of Fame are a class of elite entrepreneurs who have consistently shown over the past three years their ability to demonstrate the characteristics of a Titan who is a pillar of our community.

---

CONNECT WITH LEAFTECH CONSULTING:

www.leaftechitcom

LinkedIn

Twitter