Fairview is a leading provider of aesthetically pleasing and safe façade products to the built environment and construction market through a focus on compliance, innovation, and education.
Strategic Specialists Group commenced service to Fairview in February 2019 with delivery of a financial Discovery Roadmap. Engagement continued with placement of the CFO to implement the Roadmap action plan though a 5-month engagement period, which was extended to deliver an expanded remit.
Fairview Architectural required assessment of their finance and operational processes within the business and whether finance practices supported the recent significant business growth.
Deployment of a CFO for 2 weeks on site to undertake the financial Discovery Roadmap. The CFO would review and analyse Fairview’s accounting processes, financial reporting, internal capabilities, and risk management.
The financial Discovery Roadmap and implementation of the plan included:
The financial Discovery Roadmap and implemented plan delivered a clean set of accounts, profit normalisation and reliable, accurate and timely financial accounts. Improvements to accounting practices and operational processes increased reliability of financial reporting for management accounts and end-of-month reporting. Revenue forecasts and cost budgets were aligned, risk management established, benchmarking qualified and monitoring systems delivered through a dashboard. Redesigned warehouse operations and stock management improved the bottom line.