The Client
Lohr Designs, Inc. is a full-service interior design firm focusing on applying strategy, infusing creativity, and excelling in client communications. Their team strives to produce innovative, one-of-a-kind designs for an array of different industries including education, community centers, and healthcare.
The Challenge
Lohr was using an office staff member to manage their finances and daily accounting tasks. Unfortunately, they, admittedly, were not confident enough to handle the job adequately, leading monies owed to vendors incomplete. Lohr was in need of a partner who could improve their internal financial processes and take over day-to-day tasks so the owners could focus on growing their business.
The Solution
Foster Results came to the rescue, meeting with Lohr face-to-face to discuss invoicing and internal improvements. Once trust was established, Foster began working remotely, basically becoming part of the Lohr team. By streamlining invoices and maintaining up-to-date reports, internal finance and vendor monies became accurate, giving the Lohr team a strong piece of mind.
Highlights
- Client has a more accurate outlook on weekly cash flow
- Tax preparations are smoother
- Internal processes are streamlined