Financial Advisory

Siegfried Advisory provided strategic and business planning services to a $50 million company, working directly with the owner and Chief Operating Officer. Having developed a deep understanding of the drivers of the business, the Siegfried Advisory team performed monthly analysis on key performance indicators and prepared a rolling financial forecast which is utilized for resource allocation, cash planning, and other decision support. We maintained a focus on driving enterprise value for the company and worked closely with the executive team to ensure focus on their long-term goals.

The Siegfried Advisory team provided a range of controllership services to a $220 million pharmacy, from a redesign of month-end close – which reduced business days to close from 15 to 8 – to process improvements relating to consolidation, cash application, and estimation of variable consideration for revenue recognition. The team also developed a reporting package inclusive of both operational and financial metrics including normalizing earnings adjustments used for trend analysis, cash planning, and external reporting. Lastly, we implemented a corporate performance management tool used for consolidation, reporting, and planning.

The Siegfried Advisory team led audit readiness efforts for a fast-growing financially-owned company that provides power and hosting services to cryptocurrency miners. The first-time audit entailed several accounting challenges, including revenue recognition and capitalization relating to Bitcoin generation, business combination, equity method accounting for nonfinancial transactions, and ASC 842 lease accounting adoption. Our team prepared accounting treatment memos and financial statement footnote disclosures for all relevant topics, assembled account reconciliations for all balance sheet accounts, and interfaced directly with the audit team to address questions and requests through audit opinion issuance.

A Siegfried Advisory professional led efforts in consecutive years to complete the year-end accounting on more than 70 property entities in advance and support of the respective tax filings. During the interim period, the professional maintained the internal statements and assisted with operational accounting and process improvement initiatives, including A/P and expense management automation. The Siegfried Advisory professional reported to the Chief Financial Officer and helped onboard a full-time controller who has completed more than 80 projects worth over $600 million.

Siegfried Advisory performed a range of transaction advisory services, including financial and tax due diligence, quality of earnings, net working capital analysis, negotiation support, tax exposure assessments, and purchase price allocations, for a client with more than 100 platform investments. The client, who focuses in industrial manufacturing and business services, relied on Siegfried Advisory to work on transactions up to $80 million in enterprise value.