Nordic Outdoor — A part-time CFO for a company not ready to hire one

CFO Advisory · 2024

A part-time CFO for a company not ready to hire one

Nordic Outdoor

$380K

Cash freed

−33%

Days inventory

2.0×

Credit line

Overview

A fractional CFO engagement that gave a fast-growing outdoor brand the financial discipline of a much larger company.

The challenge

Nordic had tripled revenue in two years and hit a wall: inventory was eating all the cash, the founder couldn't answer the bank's questions, and a full-time CFO was both too expensive and too much for their stage.

Our approach

We stepped in one day a week — building a rolling 13-week cash forecast, a real budget tied to the sales plan, and an inventory model that flagged overbuying before it happened. We sat in on lender and board calls and translated the numbers into decisions.

The outcome

The cash forecast caught a shortfall a full quarter ahead, giving Nordic time to renegotiate terms instead of scrambling. Days-of-inventory dropped by a third and the company secured a larger credit line on the strength of its new reporting.

Something like this?

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