Finance Function Buildout for a PE-Backed Healthcare Platform
The Challenge
A private equity-backed healthcare services platform had completed three acquisitions in 18 months but was still operating each entity on separate accounting systems with no consolidated reporting. The PE sponsor required monthly consolidated financial packages and was planning a dividend recapitalization within 12 months.
Our Approach
FYNX provided a full outsourced controllership team including a dedicated controller, senior accountant, and AP specialist. We migrated all entities to a single instance of NetSuite, designed a unified chart of accounts, and implemented a 5-day close process with automated intercompany eliminations.
Measurable Results
Consolidated three entities onto a single ERP platform in 10 weeks
Reduced month-end close from 22 days to 5 days
Delivered first consolidated financial package to the PE sponsor within 60 days of engagement
Successfully supported the dividend recapitalization with audit-ready financials