Tatum provided an Interim executive to improve financial reporting and analysis processes

Tatum was engaged by a $400 million, private equity-owned mortgage services company that was facing significant challenges, including faulty financial reporting and a lack of leadership to complete a material acquisition. Under new private equity ownership, the company turned to Tatum to provide an Interim executive to improve financial reporting and analysis processes, remediate margin leakages and effectively close and implement its impending acquisition.



Lack of Financial Leadership

The organization was in need of an effective CFO to serve in the interim while the company conducted a search for a permanent CFO.

Inadequate Financial Reporting

The company’s current financial reporting and analysis processes were lacking, leading to material errors in financial statements previously submitted to lenders.

Talent required to Lead Strategic Acquisition

Having identified a strategic acquisition for the company, CFO leadership was required to oversee the completion and integration of the $65 million transaction.


Tatum Solution


Exceptional Senior Talent

The Tatum Interim Executive, a proven CFO with more than 20 years of financial leadership experience with multi-billion public, middle-market and private equity-owned companies, was engaged to deliver exceptional leadership and oversight of the finance and accounting function.

Seamless Partnership

Known for being an integral member of clients’ executive teams, the Tatum Interim Executive seamlessly integrated into the organization. Demonstrating his proven track record of leading high growth companies, supporting M&A, strengthening internal controls and financial planning, the Tatum Interim Executive quickly began serving as a key, strategic partner to the organization’s CEO.




Improved Financial Reporting

After identifying material errors in financial statements, the Tatum Interim Executive successfully completed a restatement and navigated favorable resolution with lender group. In addition, the Tatum Interim Executive restructured monthly board and management reporting to improve analytical insights into business results to meet the expectations of new private equity owner.

Significant Cost Reductions

As a result of the improved financial planning and analysis processes, several system and operational issues were identified and led to the remediation of a multi-million dollar margin leakage. Further, a fiscal year 2017 external audit was completed on time, with no material adjustments.

Efficient Acquisition Leadership

The Tatum Interim Executive provided exceptional leadership to successfully complete and integrate the $65 million strategic acquisition for the company, including the closing of $55 million incremental debt financing to support merger and acquisition efforts. As part of the acquisition oversight, the Tatum Interim Executive enhanced financial closing processes to shorten closing cycle times and improve controls.