Our clients and their needs are as varied and unique as our pool of candidates. There is no "average" Thompson Interim Professionals customer situation, except that, in one form or another, all of our clients seek quality, flexibility and outstanding service. These attributes are the foundation from which our company operates and is a common theme among the following client success stories.
- "Intensive Care" for Peregrine Systems
- "An Exceptional Match" for Novartis Agricultural Discovery Institute
- A "Double Play" for McMillin Development
Peregrine Systems is an international software development firm experiencing pressing revenue recognition and financial restatement issues. Working in conjunction with Swenson Advisors, LLP as the project manager, an independent team of dedicated Thompson Interim Professionals financial professionals was entrusted with the task of reviewing and adjusting the revenue recognized in over 1,000 contracts, as well as reviewing the accounting accuracy relating to more than 15 acquisitions made over the last 4 years.
The engagement challenged Thompson Interim Professionals to form a multi-level team of 25 finance professionals (mostly CFOs and controllers) with backgrounds and skill sets related to the specific requirements of the project. The team also needed to be willing to work 7 days a week, 12 hours a day for 2 months.
The successful completion of the project ultimately helped Peregrine deal with its past financial issues and allowed them to begin to move forward and plan for the future. Steve Austin, Managing Partner of Swenson Advisors, commented "If you want an organization that tries to understand needs and match those needs in an efficient manner, Thompson Interim Professionals would be my first choice, certainly in Southern California. They did an exceptional job that helped us gain a competitive advantage."
The Novartis Agricultural Discovery Institute was a genomics research center for Novartis. As a newly formed and rapidly growing R&D subsidiary, it had two immediate financial priorities to address: (1) to implement a complex budgeting and financial reporting system and (2) to manage day-to-day accounting functions.
Novartis needed a candidate with experience implementing financial systems, exceptional planning and analysis abilities, good management skills, and a biotech or agribusiness background.
What Novartis received from Thompson Interim Professionals was a senior-level, interim candidate who embodied all of these criteria and who was ultimately hired by Novartis as their full-time controller. Chief Financial Officer Karl Olsen described the outcome as nothing short of an "exceptional match. I can't imagine it working out any better than it did."
Specializing in real estate development, McMillin Development is one of San Diego's largest and most well known private companies. The finance group at McMillin has been continually challenged by rapid growth via multiple acquisitions as well as expansion of its existing local operation.
The task for Thompson Interim Professionals was to effectively provide McMillin with 2 high-quality finance professionals; one to assist with consummating and assimilating the acquisitions and another to join the staff on an interim-to-hire basis as a Senior Accountant.
Thompson Interim Professionals successfully placed both positions, first inserting a seasoned M&A professional (who was still consulting with McMillin more than a year after starting) and, second, identifying an exceptional Senior Accountant who was ultimately hired as a regular employee just a few days after beginning as a consultant.
Mary Donahue, Controller, for McMillin on her experiences with Thompson Interim Professionals: "In my opinion, Thompson Interim Professionals is the best company to work with in San Diego because they put the best effort and most discretion into matching the position with the individual. I just had a wonderful experience with them–they're very up front and I think the world of them."
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