Case Studies

Rudnicki & Associates, LLC works together with its clients as a team.  Our goal is to be your partner as we quickly identify and implement real world solutions that drive bottom-line value throughout your organization.

Below are some case studies that provide insight into some solutions we’ve implemented.

Case Study #1: Specialty Machinery Manufacturer

Problem:

  • Incurred huge operating losses due to machine cost overruns
  • At serious risk of running out of cash and ceasing to operate
  • Current Bank demanded to be paid off
  • Personal issues made owner want to sell out

Solution:

  • Developed proper focus and controls over sales and estimating efforts
  • Improved cooperation/communication between manufacturing, engineering and the other departments
  • Above returned business to profitability
  • Implemented a week by week cash flow forecasting system
  • Identified an alternate source of Bank financing
  • Successfully sold the business to the existing management team

Case Study #2: General Contractor

Problem:

  • This contractor overextended itself and lost control of several large projects, resulting in huge losses and contingent liabilities
  • Bank lost confidence in the existing management and financial reporting

Solution:

  • Quickly analyzed the troubled projects to objectively determine the facts
  • Prepared accurate financial reports
  • Developed a strategy for controlling and minimizing the contingent liabilities
  • Improved communication with the Bank and restored their confidence in the underlying business.

Case Study #3: Multi-National Manufacturer

Problem:

  • Failed effort to merge business into another entity had drained cash and distracted management
  • Combined with a weak international economy, this led to huge losses
  • Despite attempting several internally directed “turnarounds”, the situation continued to deteriorate
  • Bank lost confidence in the company’s financial projections and reporting, leading to a demand for personal guarantees

Solution:

  • Developed a more complete and accurate budgeting process
  • Implemented a week by week cash flow forecasting system
  • Intelligently reduced costs to reestablish profitability
  • Replaced the existing CFO with a more qualified successor
  • Improved communication with the existing Bank
  • Obtained a long term loan extension without personal guarantees