Case Study

Rebuilding Financial Reporting to Support Transaction Readiness and a Successful Exit

Kaufman Rossin helped an aviation services company strengthen its finance function, improve reporting transparency, and build the operational foundation needed to support pre-transaction diligence through successful exit readiness.

Company

A middle-market aviation services provider with complex operations and multiple supporting systems, preparing for a transaction while operating with limited internal finance capacity and reporting transparency.

Challenge

As the company prepared for a transaction, leadership needed to strengthen financial reporting, improve process discipline, and address gaps that limited transparency and increased execution risk. Reliance on third parties for financial reporting, inconsistent workflows, and underutilized systems reduced confidence in the finance function during a critical stage of the transaction process.

Kaufman Rossin was engaged to support transaction diligence while helping stabilize finance operations and establish a stronger foundation for long-term growth.

What Our Diagnostic Revealed

Financial reporting relied heavily on an external CPA, limiting real-time visibility
Month-end close processes lacked standardization, ownership, and accrual discipline
Core financial systems were underutilized, increasing manual effort and data reliability risk
Transaction documentation and approvals were fragmented, reducing governance and traceability
Twenty-three critical gaps were identified across four focus areas requiring a prioritized implementation roadmap

Solution

Kaufman Rossin applied its integration and transformation approach to strengthen finance operations while supporting transaction readiness. The engagement focused on improving reporting quality, standardizing processes, and implementing governance to increase accountability and operational efficiency.

Key elements included:

Supporting the transaction through Quality of Earnings while assessing finance operations and system integration
Conducting process mapping and gap analysis across month-end close, accounts payable, accounts receivable, billing, and payroll
Developing a phased implementation roadmap to strengthen controls, standardize processes, and support future finance leadership

Establishing recurring governance and reporting routines to improve accountability and decision-making
Enhancing system utilization to improve data integrity and reduce manual processes

Impact

Kaufman Rossin helped the company build a more disciplined finance function with stronger reporting, improved governance, and greater readiness for transaction execution.

Improved reporting transparency through standardized financial processes and documentation
Reduced operational risk with clearer workflows, ownership, and internal controls
Increased execution discipline through recurring governance and accountability routines
Strengthened transaction readiness with a phased implementation roadmap
Supported CFO onboarding and assisted with transaction execution, including tax preparation, resulting in a successful sale to a publicly traded company

Highlights

Identified and prioritized 23 critical gaps across four finance and operations focus areas
Delivered end-to-end process improvements across month-end close, AP, AR/billing, and payroll
Developed a phased integration and transformation roadmap to guide implementation and leadership transition
Supported transaction diligence while strengthening finance operations for long-term scalability