Transformed 500+ small businesses • Founded by ex-Rocket Internet APAC CFO • Pre-approved five-star satisfaction • Specialized in small business growth

Speak To An Expert

Transforming a fast growing online consumer goods business through virtual CFO partnership

Client Overview:

The client is a prominent player in the online consumer goods industry with presence across 5 APAC geographies. It specialises in health and beauty supplements, beauty products and other consumer products sold online through their own website and other channels including online marketplaces
growth

Achievements

  • $100K+ Savings Achieved in 3 Months
  • $250K Debt Resolved Optimised Cash Flow
  • $100K+ Grant Assistance Innovative Growth Initiatives
  • $2M Tax Credit Contestation Strategic Tax Issue Resolution

Primary Goals and Objectives

Visibility Enhancement:

Streamlining financial presentations for informed decision-making for the top management and the board.

Operational Efficiency:

Addressing finance and commercial issues in operations to boost performance of the business

Financial Outsourcing:

Closely work as the outsourced finance and accounting partner in Singapore and other countries to increase cashflows, revenue, and profits through better cost management and performance reporting.

Strategic Advisor to the CEO and the shareholders:

Evaluating the business health of all companies within the group with the objective to improve revenue, profits and cash flows.

Key Achievements

Milestone Completion: Successfully accomplished all key milestones initially set by
the CEO and the board showcasing a high level of expertise, commitment and efficiency resulting in savings of $100K + in first 3 months.

Enhanced Visibility: Implemented improved reporting methods, providing clear financial insights and enabling better decision-making for the management. This resulted in management receiving relevant details within 10 days after the month end for decision making and growth.

Optimised Cash flow: Worked closely with the management, sales team, operations team to collect long outstanding Accounts Receivable to improve cash flow management. Resulted in resolving long outstanding debts of more
than $ 250K

Grant assistance: Closely partnered with the team to assist on EDG grant for new product development of $ 100K+.

Dividend Declaration: Facilitated the long-pending dividend declaration by offering precise visibility into cash holdings, ensuring timely payouts. This provided better return to shareholders.

Tax Issue Resolution: Addressed and clarified all tax-related challenges, providing clarity in the financial workings of the company. Worked closely with the team to implement Transfer pricing requirements and separately contest a claim of $2M on tax credits from IRAS.

Client Challenges

Market Saturation: Facing a saturated market, client was struggling to introduce new products and manage fixed costs efficiently.

Product and Market Challenges: Aging products, market competition, and resistance to price hikes posed significant challenges.

Growwth's Role

Growwth Partners acted as strategic advisors, dedicating significant man hours to achieve the set milestones. 

Major contributions included:

Process Optimisation: Streamlined financial processes, enhancing visibility and operational efficiency.

Strategic Insights: Provided crucial insights for product diversification, distribution optimization, and financial stability.

Key Takeaways

The sustainable growth achieved was attributed to timely decision-making, enhanced visibility, and strategic financial planning. 

Ongoing strategies include:

Continuous Optimisation: Utilising real-time data for informed decision-making, ensuring operational efficiency and financial prudence.

Adaptation and Innovation: Adapting strategies based on market dynamics, fostering a culture of iinnovation for enduring success.

At Growwth Partners, we don't just consult; we collaborate to transform businesses and pave the way for sustained success.

Bookkeeping Services

 

Start your growwth journey with us today!

Get on a quick call with Jatin, Founder of Growwth Partners and see how we can add value on the longer run!

Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Youtube
Consent to display content from - Youtube
Vimeo
Consent to display content from - Vimeo
Google Maps
Consent to display content from - Google
Spotify
Consent to display content from - Spotify
Sound Cloud
Consent to display content from - Sound
Powered by
Speak To An Expert
×

Hello!

Hey there! 😀 This is Jatin, founder and CEO of Growwth Partners. Is there anything I can help you with? Chat with me now on whatsapp!

×