A CFO’s Life in Private Equity – Part II – Getting Your Financial House in Order

A lot of mid-market companies have “okay” financial processes to meet the requirements of their annual review-level financial statements for the bank. Unfortunately, annual financial statements, produced several months after year end, almost never meet the requirements of your new investors whose job is to make a return with other people’s money. You will find that they take this role very seriously and will never be satisfied with the current set of reports and analysis. There will always be more needs for analysis, insight, and reporting as the business changes and they become more familiar with your company. Further, they will ask for scenario analysis and one-off reports as they look at potential bolt-on opportunities. It can be tough for some finance professionals to live in a world of constant change and requests, especially when your current management team may be quite satisfied with what you and your team provide to them today.

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