Case Study: ERISA Services, Inc. boosts profitability with Fahrenheit Advisors

Erisa Services boosts profit by $450,000 with Fahrenheit Advisors

Erisa Services, Inc., a fast-growing regional administrator of retirement plans, faced a challenge with financial clarity due to explosive growth. A lack of resources prevented leadership from accessing customer and financial data, which clouded profitability and other key metrics. To address this, they retained Fahrenheit Advisors and its Finance & Accounting service.

Fahrenheit Advisors performed an organizational assessment, analyzing financial reporting, invoicing, and contracts. Their solution involved linking customer databases to accounting systems to assess profitability and implementing consolidated reporting. This provided actionable intelligence that allowed the customer to confidently pay off a line of credit. Crucially, the new data revealed that static pricing was thinning margins, which justified a company-wide rate increase that generated $450,000 in incremental profit. Fahrenheit Advisors continues to work on automation improvements to save time and reduce errors.

Erisa Services, Inc