The Company
EB Medicine (“EBM”), founded by Robert Williford, and it is carried on by family members Stephanie Williford and Robin Wilkinson. EBM provides high quality content for the physicians who want to stay on top of issues in their specialty. This includes study guides for a physician to keep up their continuing medical education and stay abrest of new methods or technologies. EBM products are produced by practicing physicians from leading institutions around the world with a broad range of clinical expertise.
Situation
In 2016 the EBM team wanted to enhance their financial management and reporting. They were looking to create a platform to communicate the company’s key performance indicators (“KPI”) that drive its financial results. In addition, the EBM team wanted a “road map” that could guide them as they made financial decisions impacting strategies for growth.
Solution: Trillium Financial’s CFO Leadership Services
Trillium Financial’s (“TFI”) CFO leadership services were an ideal fit for developing EBM’s performance metrics. TFI developed a financial scorecard focusing financial drivers that give the team visibility into the profits and cash flow critical to sustained profitable growth. The scorecard offers an “at a glance” view of results. TFI also developed a financial model that provided the road map for the EBM team to see where they were headed with profits and cash flow. The model provides a rolling forecast during the year so that EBM team could make financial and operational decisions to achieve their goals.
Results
TFI pulled together financial and non-financial data to complete a customized scorecard and financial model. Each month TFI meets with the EBM team to methodically review results and provide the input and analysis from the scorecard and financial model. From the monthly financial mentor meetings, the EBM team can take actions on activities that improve the company’s bottom line results.
For more information on EB Medicine visit www.ebmedicine.net
To learn more about Trillium Financial’s CFO Leadership services, click here
“Mike has been an important part of our team over the past year. His understanding of financial processes, cash flow, and how to explain our results has provided our team with the right tools to navigate our finances successfully and stay focused on our financial goals.”
Stephanie Williford, CEO