PGI, a cybersecurity business, faced a critical challenge when their CFO encountered a gap in their finance team. This left them stretched across multiple responsibilities, particularly in financial planning and analysis (FP&A). The CFO was personally managing the financial model and conducting analysis tasks that were both highly time consuming and difficult to review objectively.
Additionally, PGI had needed to prepare themselves for the next phase of their lifecycle. They needed expert guidance to prepare for potential strategic moves while ensuring their financial operations remained robust.
iCFO stepped in to provide immediate, targeted support. A member of our FP&A team took over the heavy lifting on financial modelling and analysis, freeing up the CFO’s time. Our team ensured that:
We reviewed PGI’s existing financial model, identifying significant weaknesses and areas for improvement. Our approach included:
As a result, PGI entered their board meeting with a well structured financial model, enabling a more constructive discussion and swift approval of financial plans. Compared to the previous year, where the budgeting process was finance-led, this time, it was a business driven process with full executive alignment.
PGI is now well set up for the next stage of their lifecycle, and we’ll continue to support them along the way.
Time saved: the CFO could shift focus from day-to-day financial modelling to strategic oversight.
Better decision making: enhanced financial clarity allowed the leadership team to make more informed choices.
Stronger board engagement: The board was able to engage more effectively with PGI’s financials, leading to faster decision-making.
Future ready operations: PGI is now equipped to engage in corporate activities with confidence, knowing they have the right expertise on hand.
“I’ve been really pleased with how iCFO have been able to support PGI through a time of growth and transition. They provided an expert team who stepped in to provide senior finance support, working closely with the existing finance team and the senior leadership team at PGI. They intuitively knew what I needed and were able to turn work around quickly and to a high standard, provided insights and recommendations which have supported better and faster decision making, and were a pleasure to work with.
I’d have no hesitation in recommending iCFO as a trusted finance partner.”
Anthony Burrows, CFO, PGI
Our engagement with PGI lasted for six months, providing the hands-on support they needed during a critical transition. Now, as they’ve hired internal resources, we remain a trusted partner, ready to step back in when strategic projects arise. The flexibility of iCFO means they can call on us as needed, ensuring continuity without unnecessary overhead.
