Case Study I.

Professionals who know.

A major oil and gas service company was created through a Fortune 100 multinational acquisition and consolidation of three mid-sized companies. Numerous problems followed the consolidation. Time pressures, poor planning and a lack of internal resources resulted in the collapse of most of the company’s systems. Accounts payable and payroll checks were released, but unrecorded. Fixed asset acquisitions were recorded erroneously. Policies and procedures were inadequate. Turnover exceeded 100 percent annually. After two national consulting firms failed to correct the multiple problems that resulted from the consolidation, the Propensity team was engaged to tackle the issues.

People who care.

The Propensity team was engaged at the “11th” hour to solve the client’s consolidation problems and develop and maintain financial records in order to close December financials. The Propensity team met the deadline and was credited with creating the consolidated company’s first set of credible financial reports. Propensity’s special project team also established policies procedures and internal controls. The team audited and reconciled multiple cash accounts and utilized system applications to support accounting research and journal processing. With such a high level of experience and expertise, Propensity proved to be the project consulting firm that could successfully manage and deliver such a complex, high-pressure project on time and within budget.

Case Study II.

Professionals who know.

A company specializing in information technology consulting for local governments and healthcare institutions engaged the Propensity Team to provide support and review for its fiscal year-end. The Propensity team was also engaged to help the client prepare for its external audit. During the project, Propensity team partners identified problems with the company’s ERP system implementation.

People who care.

As a result of Propensity team efforts, the client’s ERP implementation was successfully completed months ahead of schedule. Propensity ensured that fixed assets, A/R and A/P automatically reconciled to the general ledger. The monthly close process was reduced to less than three days. The Propensity project team leader worked with the IT department to create an annual business plan and cost/benefit analysis. Propensity created a cash flow statement worksheet that reduced first draft presentation from 40 hours to one hour. For 15 months, Propensity team members continued to provide support in critical accounting areas and on the client’s ERP system conversion.