Craft Breweries, &
We know what it takes to establish or maintain a successful winery, craft brewery or alcohol product distribution business — and we know that it’s very unsexy stuff. We’ll help you get your head around the common and not-so-common business matters on the table, and ultimately improve efficiencies, productivity, innovation and profitability. We engage management to develop a strong business strategy, management controls and financial reporting.
A small brewery operation experiencing strong growth was getting to a larger scale and the owner felt they were losing the ability to keep track of the business due to its scale. Overall, the client was concerned about how to reduce errors and guard their assets.
We conducted a walkthrough of the main accounting systems to identify their current processes and internal controls. We found that the company lacked many key internal controls to allow for the safeguarding of assets while also guarding against potential errors. This put the client at risk for loss of money as well as the potential for poor financial reporting which they were using to guide their decision making. After identifying the weaknesses, we provided a comprehensive report outlining key internal control recommendations and how they could be implemented easily within the organization.
After implementation of the controls, the client felt more secure in their operations and more trusting to allow his team to take on a greater level of responsibility and allow him to focus more strategically on his business.