PROFESSIONAL SERVICES
Financial Transformation for a Professional Services Firm
Client challenge: The firm was expanding into new markets but was held back by legacy billing processes and slow month-end closes (15 days).
Senior-Led Managed Finance
"OFP acted as a senior-led managed finance partner in this engagement."
Challenge
The firm was expanding into new markets but was held back by legacy billing processes and slow month-end closes (15 days). They needed a complete overhaul of their financial speed and accuracy.
OFP Role & Responsibility
What OFP Did
Designed and implemented automated billing workflows. Took ownership of the month-end close process to drive efficiency.
What Client Kept
Partners focused on business development and client delivery.
Outcome
Reduced month-end close time from 15 days to 5 days. Billing accuracy increased significantly, directly improving cash flow.
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