GPS Systems Supplier

Phoenix is engaged by a portfolio company of a PE fund to serve as CFO from day 1 while it completed its search for a full time CFO.

The Client

Phoenix’s client is a leading North American supplier of GPS based asset tracking and fleet management systems. The Company provides fleet management, telematics, and video telematic solutions to hundreds of thousands of vehicles worldwide to help increase fleet efficiency, reduce operating costs, and improve customer service for companies in the United States and Canada.

The Challenge

The Company was acquired by a private equity fund and required an interim CFO until a permanent CFO could be retained.

The Solution

Phoenix served in the interim CFO function for 3+ months, from the time of the Company’s acquisition until a permanent CFO was retained and onboarded. During that time, Phoenix identified and tracked unit-level operating metrics, managed the combined treasury functions, and updated the combined current year financial forecasts. Additionally, Phoenix developed and reviewed a detailed CFO onboarding package with the new CFO, which included the documentation of critical, internal processes, and recommendations for operational improvements going forward. Finally, Phoenix developed and implemented internal processes pertaining to purchase order approvals, sales commissions, credit card security protocols, and weekly vendor payment decisions.

Phoenix Growth

Primary Industry

  • Transportation

Secondary Industry

  • Software Technology/Hardware Technology

    Primary Services

  • Interim Management