After only six months with DAAXIT, we had a streamlined financial system and had identified the areas where we were leaking and burning money. DAAXIT grew our bottom line by $1.8M.”
Our FCFO quickly onboarded, learned our company and became a key strategic and tactical member of our team. He takes a leading role in budgeting, financial reporting, cash flow projections, treasury management, and cost of capital decisions. Our partnership with DAAXIT allows our operational leaders to focus their efforts on delivering critical electrical services to our customers and fulfilling our mission of being the employer of choice for electricians in Connecticut.
Bill Concannon, Principal
C&H Electric
www.chelectric.com
The Daaxit Solution
When faced with financial challenges such as increasing costs and decreasing profitability, turning to a fractional CFO like Daaxit can make a significant impact. By analyzing market trends, implementing strategic pricing adjustments, and negotiating with creditors, Daaxit helped one company achieve a 12% EBITDA and three million increase in sales.
Through financial transparency, education, and accountability, Daaxit provides the time and guidance needed to successfully adjust your course.
Changing to a Company That Fits Their Revenue
Many businesses struggle with poor financial management decisions due to inaccurate financials and lack of understanding of their cash flow needs. In the case of one company, the owner was under the false impression that their gross profit was higher than it actually was, leading to challenges in covering loan payments.
By transitioning to a company like Daaxit, which specializes in helping businesses navigate financial challenges and optimize their revenue streams, the company was able to refinance, negotiate with creditors, and ultimately create a path towards long-term financial success.
