The Financial Operations Services Behind an INC 5000 Cabinet Company
Through comprehensive accounts management services covering AP, AR, and financial operations, VNC delivered a complete financial solution for Qwikkit, a fast-growing cabinet renovation company, propelling them to the INC 5000 list of fastest-growing private companies in the USA in just 8 years.
The Financial Operations Services Behind an INC 5000 Cabinet Company
ClientBackground
Qwikkit is a USA-based cabinet renovation company that has built one of the most recognized names in its category, earning a place on the prestigious INC 5000 list of America’s fastest-growing private companies within 8 years. Since 2016, VNC has provided complete accounts management services, supporting the client’s financial operations through dedicated financial operations services from inception to becoming a top-tier growth company. As the business scaled, the complexity of managing AP, AR, bank reconciliation, month-end reporting, and system transitions also increased.
Objective and Goals
To maintain consistent quality in financial statement preparation, manage complete AP, AR, and bank reconciliation, ensure timely reviews, month-end completion, accuracy, and timely submission of financial statements, along with aligning to efficient processes, using the latest technology, and minimal involvement of the team from the client’s side.
The Challenge
Growing Financial Complexity
As the company grew, managing AP, AR, financial records, and month-end close processes became increasingly challenging, requiring greater involvement from the client's core team.
Microsoft Business Central Migration
The business needed to transition from Microsoft Dynamics NAV to Microsoft Business Central while ensuring accurate data migration and consistent financial reporting.
System Integration & Reporting
New applications integrated with Microsoft Business Central required ongoing implementation support and data validation to maintain accurate and reliable reporting.
The lack of streamlined financial processes had the potential to impact reporting accuracy, delay decision-making, and divert valuable time away from key business growth initiatives.
Our Approach
1
Initial Assessment & Discovery
Reviewed financial processes, identified improvement opportunities, and assessed areas for automation, team alignment, critical success factors, and ongoing performance monitoring.
2
Process Design & Planning
Developed a plan to strengthen financial processes, support system migration, and implement automation for AP, AR, and month-end reporting while maintaining a lean finance team.
3
Implementation Details
Managed daily transaction processing, including sales invoices, bank postings, purchase invoices, monthly accruals, fixed assets, inventory management, and customised reporting.
4
Automation & Integration
Implemented automation for AP, AR, month-end reviews, and reporting, helping improve efficiency, accuracy, and consistency across financial operations.
5
System Migration & Support
Supported financial system migration, reporting continuity, and ongoing process improvements to meet changing business and technology requirements.
SolutionDeployed
Accounting System Setup
Established structured accounting processes to support AP, AR, bank reconciliations, month-end close, and financial reporting requirements.
Process Automation
Implemented automation for AP, AR, month-end reviews, and reporting to improve efficiency, reduce manual effort, and maintain accuracy.
System Migration
Supported the migration from Microsoft Dynamics NAV to Microsoft Business Central, ensuring data integrity, reporting continuity, and minimal operational disruption.
Financial Operations Support
Provided ongoing support for transaction processing, accruals, fixed assets, inventory management, customised reporting, and continuous process improvements.
ResultsAchieved
Real-Time Financial Reporting
Enabled the timely preparation and submission of accurate financial statements, providing greater visibility into business performance.
Increased Process Efficiency
Automated key financial processes, reducing manual effort and allowing the team to focus on higher-value business activities.
Accurate Financial Management
Maintained accurate AP, AR, bank reconciliations, and financial records, ensuring reliable reporting and smooth financial operations.
Improved Decision-Making
Provided reliable financial data and reporting, helping management make informed decisions and support continued business growth.
Software Used
Conclusion
Through our comprehensive accounts management services and financial operations services, VNC Global has supported this cabinet renovation company since 2016. Our consistent quality, process improvements, automation solutions, and Microsoft Business Central support have allowed the client to focus on key business growth areas while making informed decisions based on accurate and timely financial statements. As a result, Qwikkit has been able to maintain efficient operations and continue its growth with confidence.