As we head into the holiday season, Monomoy Advisors hopes that you are well positioned to reach your 2024 objectives. The Monomoy team looks forward to continuing to serve our clients.
Here are some of the ways the Monomoy team has helped our clients recently –
• Performed detailed financial due diligence for a carve-out acquisition focused on historical SG&A costs and modeling the necessary operating expenses and investments to stand up new company.
• Identified significant vendor invoicing errors leading to a contractual review and reconciliation with the vendor, correction of the invoices, and extension of the cash runway by two months.
• Led a company’s NetSuite implementation for key factors such as developing the chart of accounts, determining process flows and implementing systemic key controls.
• Initiated the stand-up of a new company including the assessment of staffing requirements, equity pool structure, financing requirements and preparation for investor engagement assistance.
• Provided program management to support continuous improvement projects of a newly formed Fortune 500 retailer’s shared services organization.
With year-end approaching, our team has identified several potential items for your consideration.
• Initiating the audit preparation process in the fourth quarter provides the opportunity to review financial records, organize supporting documentation, and to collaborate with the auditors regarding significant transactions. By starting early, companies can navigate potential challenges, mitigate risks, and ensure a more efficient audit process.
• If the IPO market continues to strengthen, advanced preparation will be key to move quickly as the market is expected to be competitive given the backlog of prospective candidates. Those looking to complete a public offering should consider the following during the remainder of 2024:
• Timing and materials to support an all-hands organization meeting.
• Review of historical financial statements including interim period reporting and required financial statement enhancements to meet public company requirements.
• Form 1099 filings are due January 31st. A review of your vendor data to confirm that vendor W-2’s are on file and the information is properly entered into your accounting system to facilitate the filing process would alleviate the pressure to complete the entire process during the year-end close.
The Monomoy team specializes in the following support services:
• Interim finance
• Accounting advisory
• Business process consulting / project management
• Decision support
• Human resources
Our clients include Life Sciences, Technology / SaaS, Industrial, Consumer / Retail and Services companies both publicly traded and privately held including venture capital and private equity backed entities.
We offer our thanks to the more than 95 clients which we have served. We would sincerely appreciate if you could take a moment to “follow” our LinkedIn page at https://www.linkedin.com/company/monomoy-advisors/. Our focus is on thought leadership, insights, and other relevant content, including real-time updates on current events.
