Testimonial - Dane Manufacturing
Sep 18, 2008
We purchased Dane Manufacturing in 2001 with the intent on improving and growing an 85 year old metal manufacturing company. After about $5MM of invested capital, grow it we did. Dane grew at 35-plus percent per year for five years in a row. In 2005 it became very clear we had outgrown our accounting firm and their business model wasn't working any longer. We searched for an alternative and found Rick Perrin from B2B CFO®.
Rick came in and I hired him after our first meeting to start working with Dane. Since coming, he has formalized our financial reporting, job costing, improved the treatment of inventory and tightened up reporting and financial management. Now due to Rick and my management team's efforts we finish a financial period (every 4 weeks) and I have the complete financials on my desk I can trust the following Monday by noon.
We send financials to the bank the following day. Rick has also helped refinance the company's assets and helped Dane with its first acquisition of a complimentary business. The B2B CFO® model is fantastic for a company our size that needs the talents of a CFO sometimes and can't yet afford one full-time.
I would strongly recommend the model for any company between the size of $2 - $75MM without a full-time CFO or any owner that wants a second set of eyes on their current financial team. It is a great model and superb help to small business in America - brilliant model - fractional ownership of a CFO's talents.
Lastly in 2007 Dane was recognized as an Inc. 5000 company (fastest growing, privately held, companies in America) with a rank of 2,015 (178% growth in 3 years) out of 5,000 and recently informed we will be an Inc. 5000 company again in 2008. This could not have happened at Dane without Rick Perrin's talents and the B2B CFO® business model.
Thankfully, Troy F. Berg, President/Owner Dane Manufacturing