4th Source
4th Source
CFO Case Study
“…positive, energetic, creative approach to problem solving is an asset to every company”
Rick McCay, Board member
Overview
4th Source had a need for expert financial leadership with the ability to operationalize ideas, and a need for experienced CFO level strategic guidance during a major transformational period within the company.
Challenges
4th Source is a nearshore IT services business that offers its clients same time zone communication, cultural alignment and access to highly qualified talent within a day’s notice from offices in the US and Mexico. They had a need for experienced, CFO-level strategic guidance during a major transformational period
Solutions
4th Source engaged TechCXO in 2012 to operate as the company’s first CFO with responsibility of overseeing all finance and accounting activities until a full time CFO was hired. TechCXO implemented a playbook for best practice processes, methodologies and systems to enable 4th Source’s multi-year growth. TechCXO also secured the company’s first rounds of financing, implemented the company’s accounting system, established its month-end closing process and introduced scalable professional reporting and financial modeling tools.
Fractional CFO
Outcome
Company was acquired by AN Global in 2018.
“Jason Scherr is an outstanding addition to any team and any situation needing operational clarity and direction setting. His positive, energetic, creative approach to problem solving is an asset to every company he works with.”
- Rick McKay Co-Founder and Board Member