![thumbnail image](https://static-assets.strikinglycdn.com/images/fb_images/default.png)
DGB Consulting
Whether you are seeking to develop a business plan, complete an acquisition, negotiate a contract, or stabilize the business due to a changing environment, David Brady will bring analysis and negotiating skills to the table to ensure you make the best choices for your business.
David Brady provides customized financial management and contract CFO services for companies in transition
Crisis Management and Control
1- Stabilize Business
Streamline operations and overhead to preserve available cash and negotiate favourable arrangements with vendors and creditors.
2- Maximize Cash Flow
- Streamline operations and overhead to preserve available cash and negotiate favourable arrangements with vendors and creditors.
3- Improve Cost Structure
Review overhead expenditures including staff, direct and indirect costs for potential efficiencies and excesses.
4- Facilitate Decision Making
- Determine key metrics, appropriate reporting methodology and systems required by management to operate the business.
5- Plan and Execution
- Produce and update financial and operational transition plans.
efficiency improvements
1- Business
- Review
- Head-to-toe efficiency review of and recommendations for, the existing business model.
2- Increased
- Profitability
- In depth review of margins and cost structures to identify opportunities to maximize efficiencies.
3- Internal Controls
- And Reporting
- Recommendation and implementation of appropriate controls to safeguard assets and ensure effective management of the business.
4- Tax
- Strategy
- Review and identify opportunities to minimize income taxes and ensure compliance with regional goods and services levies.
efficiency improvements
- Business Review
- Head-to-toe efficiency review of and recommendations for, the existing business model.
- Increased Profitability
- In depth review of margins and cost structures to identify opportunities to maximize efficiencies.
- Controls And Reporting
- Recommendation and implementation of appropriate controls to safeguard assets and ensure effective management of the business.
- Tax Strategy
- Review and identify opportunities to minimize income taxes and ensure compliance with regional goods and services levies.
- Project specific assignments
Systems Implementation
Design and implement detailed system conversion plans to mitigate potential disruptions and maximize long term value.
- Business Development Assessment
- Accurate assessment of financial and non-financial components of business development initiatives in the areas of acquisition, expansion and hiring.
- Downsizing
- Planning and implementation support for infrastructure and operational reductions.
- Contract Negotiation
- Contract negotiations with key suppliers and financial partners tailored to each individual business’ issues.
- Business Sale / Exit Strategy
- Comprehensive evaluation, planning and implementation support to maximize returns for key stakeholders and shareholders.
"David Brady is a dedicated professional... and would be an asset to any management team."
Joe Nicholson, COO, Generation 5 Mathematical Technologies Inc.
case study
Bakery OperatioN
Client
A private label food product manufacturer with $60+ million in annual sales.
Challenge
The US parent filed for Chapter 11 and subsequent Chapter 7 liquidation. The Canadian bakery subsidiary operation had filed for CCAA and was in process of restarting its manufacturing operations which had been shut down for five weeks. As part of this process the company needed to achieve customer performance targets, re-build supplier relations and establish all finance and operational functions in Canada on a stand-alone basis.
Solution
David worked closely with the private equity fund and the company’s management team to transition the business into a stand-alone entity. The scope of tasks ranged from daily crisis management, to long term planning on audit and taxation issues, and included the following:
- Conversion and implementation of a new accounting system with a 5 week go-live timeline.
- Managing supplier accounts in a CCAA environment. Recovering $1,000,000 of excess supplier payments.
- Developing and managing the finance team: including the selection of a permanent VP finance.
- Implementing financial controls, procedures and processes.
- Establishing Treasury Management processes to forecast cash flow requirements and minimize cash requirements of the lender.
- Detailed analysis and reconciliation of all financial accounts.
- Working with accountants and CRA to ensure minimization of tax liabilities.
case study
RFP – Travel IndustrY
Client: a privately owned Canadian travel company with over 50 offices across Canada.
Challenge
The company was seeking to renegotiate the Global Distribution System (GDS) contract for its main reservation system and wanted to ensure that it received a competitive offering.
Solution
Worked with management to develop a comprehensive RFP which addressed the requirements of the business. The Company received proposals from all key industry suppliers and elected to convert to a new GDS supplier who provided better synergies with the operations. This conversion was implemented over a 6 month period and successfully generated greater operational efficiencies and a fourfold increase of GDS revenue.
"David assisted Colonial in our plan to separate from our parent company and become a stand-alone entity. He lead the implementation of Accounting Controls and Reporting, Systems Implementation, and staffing of our finance department. This smooth transition supported our initial decision making and set the stage for business growth."
Jerry Simrell, President, Colonial Cookies Corporation
About david
David Brady
A hands-on senior executive with a common sense approach to business, David brings the ability to comprehend complex financial information and express it in a clear and concise manner. Working as a consultant, an employee and a public Chartered Accountant, David has been involved in all aspects of finance within a variety of businesses and industries. Key responsibilities included financial reporting, contract negotiation, restructuring, acquisitions, treasury management, systems, operational, and business development.
David is a member of the Canadian Institute of Chartered Accountants, an internationally recognized profession, valued by business leaders for their integrity and expertise.
Contact David
david@dgbconsulting.ca
416.937.2883
Copyright © 2002 - 2019 Eckhart Consulting. All rights reserved.