Case Study: Fenwick ends cash crunches and improves profitability with Pilot CFO services

Fenwick saves $40k in taxes and collects invoices 30% faster with Pilot.com

Fenwick, a San Francisco-based creative agency, faced significant financial challenges including a complex multi-LLC tax structure that resulted in a large IRS bill, perpetual cash crunches, and inefficient invoicing processes. They churned through several accountants and bookkeepers without finding a solution. They turned to the vendor Pilot.com for their CFO Services, bookkeeping, and tax preparation to get expert help.

Pilot.com implemented a comprehensive solution by restructuring Fenwick's entities into S-Corps, saving an estimated $40,000 in taxes, and setting up accrual-based bookkeeping. They introduced new software and procedures that helped Fenwick collect on invoices 30% faster and provided a detailed cash flow forecast. As a result, Fenwick gained clarity on client profitability, ended their cash crunch cycle, and saw their margins turn positive within one quarter.

Fenwick