Process Redesign and Implementation
Companies often experience symptoms like inaccurate numbers, billing errors and excess costs, but are unsure of the underlying issues. Riveron’s collective experience uniquely qualifies us to identify the root cause of these issues and implement practical solutions that reduce errors, eliminate inefficiencies and deliver real value.
Riveron traces issues beyond the accounting and finance walls into operations, IT and other areas to address end-to-end processes. Our approach simplifies and automates processes creating efficiencies throughout the organization. Working cross-functionally to solve problems and gain buy-in, Riveron implements solutions that overcome complex challenges and deliver tangible results that improve the bottom line.
Our process redesign and implementation offerings include:
Riveron optimizes financial processes resulting in cost savings
Riveron guided an environmental waste management company, a portfolio company of the Private Equity client, in their efforts to improve cash flow visibility, alleviate daily borrowing availability issues, and re-engineer their procure-to-pay process with an emphasis on reducing the Company’s outstanding A/P balance. Riveron optimized the Company’s financial situation by developing new FP&A tools, creating a procure to pay future state roadmap, shifting external services in-house and automating the borrowing base template – the latter resulted in increased borrowing availability of $200-300k and allowed the CFO to shift greater focus to strategic initiatives.