Driving Operational Efficiency for a Fast-Growing Cannabis Company
The Client
A vertically integrated grower, processor, and retailer of cannabis products in Michigan with over $100 million in annual revenue needed expert consulting support. As the company scaled rapidly, it struggled with maintaining efficient collections processes and timely internal financial operations.
The Challenge
The client faced a number of operational and financial inefficiencies during a high-growth period:
- Collections & Receipt Management: A backlog of outstanding debit card receipts impacted financial visibility.
- Process Inconsistency: No centralized system for categorizing or reporting card-based spending.
- Resource Constraints: The in-house team lacked the bandwidth to address inefficiencies without external support.
To support the VP of Finance and bring structure to the process, the company required a specialized financial consultant who could step in quickly and drive results.
The Solution: Venteon’s Expert Finance Consulting Services
Venteon deployed a Special Project Financial Consultant with proven experience in financial process improvement and reporting. Working alongside the VP of Finance, our consultants delivered immediate value by:
- Implementing Process Improvements – Developed a consistent process for gathering, categorizing, and reporting debit card transactions.
- Enhancing Financial Reporting – Produced detailed weekly and monthly spend reports, segmented by cardholder and transaction category.
- Driving Results – Reduced outstanding open receipts at month-end from 50% to just 3%, significantly improving financial oversight and accountability.
The Results
- Outstanding receipt issues reduced by 94%, improving month-end accuracy.
- Improved internal processes, increasing efficiency and transparency in reporting.
- Freed up internal resources, allowing the finance team to focus on strategic growth priorities.
Why Venteon?
- Specialized Expertise in Accounting & Finance – Our consultants bring deep experience in process optimization, financial reporting, and compliance.
- Fast, Flexible Engagements – Venteon provides targeted project-based consulting support tailored to your business needs.
- Proven Results – We deliver measurable impact that strengthens operations and supports business growth.
Optimize Your Financial Operations with Venteon Consulting
Whether your business is scaling, preparing for an audit, or needs project-based financial support, Venteon’s accounting and finance consulting services offer the expertise to help you succeed.