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.”
We had a couple of tough years in ’21 and ’22 and then leading into 2023 when we hired DAAXIT. They have just been a huge help as far as how to look at the financials, a lot better analysis of things, and just good business sense all around, just getting us back on the right track.
So, 2024 was one of our best years to date, which was the first full year we were with DAAXIT. (I’m) feeling a lot more comfortable with looking at financials and just getting better at projecting out where the business is going.
Don’t hesitate if you’re thinking about (working with DAAXIT). Their communication is great and they really allow you to work as you would and are just there as a resource as much as you need them..
Within three months of working with DAAXIT, we saw profitability— and controls on my numbers. Now, I know how my business is doing month to month, and I’m able to communicate to the team with confidence where we are—and where we are going. The mindset shift Aaron helped me make was huge—it was about how to act and lead, and it’s changed my business for the better. The time he spent with my team alone was worth the fee.
Tracy Wegenast
CEO
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
Before DAAXIT, we were running blind with our numbers. We were growing, but we didn’t know if we were truly profitable — or just busy. Partnering with DAAXIT brought clarity to our finances almost overnight. Their fractional CFO team helped us organize our financials, spot inefficiencies, and plan for sustainable growth. It’s been a 180-degree turn — not just in our books, but in how we think about our business. I finally feel like we’re driving the business forward with intention instead of reacting to problems. I’d recommend DAAXIT to any contractor who’s serious about leveling up.
Ken Smith
President, CEO
The DAAXIT Solution
When faced with financial challenges like rising costs and declining profitability, a fractional CFO can be a game-changer. DAAXIT, for example, helped one company boost its EBITDA by 12% and increase sales by $3 million through market analysis, strategic pricing, and creditor negotiations. We achieve this by:
Providing financial transparency and education.
Implementing accountability measures.
Many businesses also struggle with inaccurate financials and a misunderstanding of their cash flow. DAAXIT helps companies refinance, negotiate with creditors, and create a path to long-term financial success by ensuring they operate with a clear and accurate financial picture.
