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Building Financial Controls for a Seattle-Based Construction Firm
26
Dec
Client Background
A commercial construction company in Seattle, established in 2003, specializing in large-scale projects.
Business Challenge
Scaling operations exposed financial vulnerabilities:
- 22% budget overruns due to subcontractor issues.
- Complex regulatory variances complicating compliance.
- Slow reconciliations delaying project timelines.
Limited capacity to bid on larger contracts.
Caramel Advisors’ Solution
We focused not only on cost savings but on reducing stress and creating capacity for growth
Step 1: Prioritize quick wins
Introduced an offshore team to take over payroll and compliance tasks
Step 2: Map core vs. non-core processes
Map core vs. non-core processes
Step 3: Deploy a secure, compliant team
Implemented a SOC 2–compliant offshore team for reporting work.
Step 4: Ensure staff buy-in
Conducted joint workshops to ease concerns and smooth integration
Results Achieved
The impact was immediate and sustainable:
Results Achieved
The impact was immediate and sustainable:
45% savings in operational costs
38% faster reporting turnaround.
Ability to support 40% more clients without adding staff
Improved agility to match startup pacing.
Client Testimonial
Our partner’s expertise illuminated blind spots and propelled us forward
CFO , New York Accounting Firm