Case Study: Nanophase Technologies Corporation achieves audit-season compliance and reporting efficiency with Paro

Nanophase Technologies Corporation triples transaction volume with Paro

The customer, Nanophase Technologies Corporation, a public nanomaterials company, faced a challenge after downsizing left them without specialized financial reporting expertise. This became critical when explosive growth tripled their transaction volume, and their auditors insisted they needed help with GAAP and SEC compliance. They engaged the vendor Paro for its fractional expert services to address this.

Paro provided a fractional expert who took over complex reporting tasks like lease accounting and revenue recognition, streamlining the entire compliance process. This solution saved the internal team significant time, opened bandwidth for them to focus on other vital tasks, and appeased the company's auditors. The measurable impact included a more efficient accounting process year-round and the foundational work being laid for future SOX compliance.

Nanophase Technologies Corporation