FDM is an insights agency focused on the telecommunications, media and technology markets. They support clients with proprietary technology and data-driven insights to anticipate market disruptions, counteract competitor activity and minimise decision risk. They provide real-time competitor intelligence and market insights that make a difference.
FDM faced significant challenges in preparing for an investment round. Their limited accounting systems and underutilised financial data hindered their ability to attract private equity investment. Recognizing the need for a comprehensive overhaul of their financial operations, FDMUK engaged our consultancy to facilitate their journey toward investment readiness.
FDM approached K3 Advantage to facilitate their journey to investment.
During our engagement and investigation phases, we identified a need for more sophisticated accounting system to manage accural accounting, having access to timely and relevant data to make decisive, informed, data-driven decisions and introducing insight and analysis into their business performance.
A data-driven approach
We overhauled FDM UK’s book-keeping processes to transition to an accrual-based accounting system, ensuring improved accuracy and compliance. We supported this by preparing comprehensive management accounts to provide the management team with insight for strategic decision-making.
With technology in place and leveraging our expertise with historical data, we were able to design a KPI report that delivered data-driven analytics and statistics to the senior leadership team, enabling them to track performance effectively.
Supporting their financial accounts
As part of our service solution, we implemented new processes, systems and a new finance team, enabling the business to run more efficiently. We also guided FDMUK throughout the Financial Due Diligence process, including tax disclosures, ensuring all requirements were met to facilitate the investment.
FDM UK
By implementing new technology, processes and resources, we were able to demonstrate to investors the possibilties that streamlined data could bring to this great business.
Rowan Grobler
Managing Director
The Outcome
Our collaborative efforts culminated in FDM successfully securing investment from Inflexion Private Equity.
With our structured approach, FDM completed FDD, reassuring investors of their financial health and operational capacity. The rebuilt finance department became a vital asset, equipped with the necessary tools and insights to support strategic growth.
K3A managed the post-investment implementation of technology and procedures, and eventually handed this over to a permanent CFO, who continued to lead the business on its investment journey.
Our partnership with FDM highlights our commitment to enable businesses to become investment-ready. By transforming their financial operations, we not only prepared them for private equity investment but also empowered them to leverage data-driven insights for future growth.
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