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MAREN Construction

Delivering on an uncommonly refreshing experience

decrease in hours spent each week on accounting

Getting up and running as a company meant that MAREN Construction’s owners didn’t have the bandwidth to spend two full days on accounting each week. By leveraging Wipfli’s outsourced accounting and CFO services, they’ve decreased that time by 80% and have improved budgeting, planning and project management.

The Challenge

After initially tapping a retired CFO for crucial advice, MAREN invested in the accounting software Foundation and transitioned to a bookkeeper as it grew. But after the firm’s owners went months without getting the numbers needed to understand their financial position and make business decisions, they decided to look for a firm that could help streamline their operations and improve efficiency for the owners and their employees, as well as provide the valuable CFO-level advice they received previously.

The Solution

With deep experience in construction and with Foundation, Wipfli could provide all that and more. First the Wipfli team cleaned up MAREN’s books and created an accounting procedure manual to formalize and optimize its processes. Then Wipfli took over as MAREN’s accounting and CFO team and now does everything from paying bills electronically (no more paper checks) and closing out each month to performing budgeting and forecasting and consulting on strategic initiatives. Finally, Wipfli implemented the payroll solution isolved, which has further improved financial accuracy and enabled easy external reporting to MAREN’s 401(k) and HSA providers.

Wipfli has helped us better deliver on our mission to provide an uncommonly refreshing construction experience. We’ve been blown away by their responsiveness, their expertise and their genuine interest in helping us improve.
Andy Weber, Founder and President, MAREN Construction

The results

After going nine months without full visibility of overall financials, MAREN was caught up for the entire year within just two months of working with Wipfli. Now the owners can compare financial numbers back to their budget and can plan for next year with confidence. With Wipfli, they know their numbers are accurate, their subcontractors are being paid in a timely manner and in the correct amounts, and their year-end close is going to be fast and smooth. Plus, they’ve gotten over a dozen hours back in their week to spend on growing their business.

months without sufficient financial visibility
months for Wipfli to provide full financials