Interim Management Services Provides Value to Public Benefit Corporation 

Client: Large Public Company
Requirement: Interim Management Services

Business Situation:

The client is a public benefit corporation, created in 2002, by a special act of legislature. The client’s mission is to provide safe and reliable water and wastewater management services to the community in an economical and efficient matter. The goal of the organization is to become a first class competitive utility in the next five to seven years. In the last two months, they have had both their Finance Director and Accountant resign. Their ultimate goal is to back-fill the roles.

ProNexus Solution:

ProNexus was engaged by the client to provide Interim Management Services until they were able to hire and provide on-boarding for replacements. ProNexus assigned a senior level consultant with industry experience who also specializes in interim and short-term high level management interventions. We assessed the situation and established a process to document the outgoing manager’s work flow. The specialized ERP system was reviewed and ProNexus was able to assume the day-to-day duties. In addition, ProNexus assumed the treasury and cash management responsibilities, and recommended efficiency changes with a long term goal of developing fully documented written procedures. Once the replacements were identified, ProNexus trained, transitioned and transferred knowledge to the new hires.

 

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Post by Kaitlin Alfvin

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