Success Stories
The Outsourced Advisory & Accounting team has successfully assisted many organizations in solving problems and in improving results. The following are just a few of the success stories of our clients.
Colorize Inc.
Don Duttine and Mike Coffey tapped into their paint industry expertise when they opened Colorize Inc., a locally-owned-and-operated Benjamin Moore paint and decorating store. However, they didn’t have all the business experience they needed to handle their accounting processes alongside running their company. BST partnered with them to take the helm on their advisory and accounting needs, allowing them to save time and money and focus on expanding. With us as their accounting department, Colorize has since opened two additional locations and continues to grow their revenue.
Crandell Theatre
This not-for-profit organization had a small staff and a part-time bookkeeper managing its finances. As they embarked on a capital campaign, challenges surfaced—funds were not properly separated, ad hoc reports were unavailable, and key accounting items were recorded incorrectly. BST Consulting Group stepped in to enhance accuracy, automate processes, and deliver stronger reporting. By streamlining reconciliations, implementing a virtual Accounts Payable system, and providing real-time dashboards, we gave the organization timely, reliable financial insight. With confidence in their reporting and the right tools in place, the leadership team can now focus on driving their mission forward while knowing BST will continue to recommend solutions that bring transparency and efficiency.
Meaningful NY Initiatives for People with Disabilities Inc
A NYC-based not-for-profit faced major financial and compliance challenges after an OPWDD audit placed a moratorium on new participant acquisitions. With 100% manual payroll and billing processes leading to delays, inaccuracies, and compliance risks, the agency turned to BST Consulting Group. Our Outsourced CFO quickly implemented automated systems, corrected a year’s worth of reporting, and introduced electronic payroll, billing, and medical claims processing. These changes eliminated $100,000 in payroll costs, reduced fraudulent time cases, improved retention, and enabled timely Medicaid reimbursements. The agency not only moved off the state’s “watchlist” but became a model for other Fiscal Intermediaries, ultimately strengthening its financial stability and successfully joining a $100M+ parent organization.
Transition from Fund EZ to Sage Intaact
A leading New York State nonprofit Self-Direction provider, funded by the Office for People with Developmental Disabilities (OPWDD), manages thousands of individualized budgets and service transactions each day. Rapid growth in programs and client services placed increasing strain on the organization’s financial systems.
Empower your people with systems built for success
