McGovern Youngberg Associates

Recent Successes

We create and implement bankable finance systems, solid administrative foundations and best practice human resources programs that work, saving businesses time and money and satisfying legal compliance concerns. Here is a snapshot of some of our recent accomplishments:

In Finance:

• Reduced outstanding receivables from a lag of three to six months for payment, to prompt payment within 30-45 days, by creating new procedures for regular invoicing and collections.
• Improved cash flow and freed up capital by developing a lease option agreement for upgrade of both computer equipment and services, permitting payment over the lease period versus making a one-time expenditure.
• Realized a 32% monthly savings by performing critical evaluation of phone expenditures.

In Administration:

• Increased profits of client significantly by taking on the operation of all non-billable activities.
• Restructured all commercial and employee benefit contracts to provide a higher level of insurance and additional coverage for the same cost.
• Project-led a strategic technology initiative focused on upgrading equipment, providing better service to employees, and creating a sustainable disaster-recovery program.
• Planned and executed a move to new floors and new buildings, while maintaining operations and work performance.
• Planned and executed several executive conferences for senior management, providing start-to-finish marketing, communications and logistics.
• Designed agenda and carried out several executive conferences for senior management, providing start-to-finish marketing, communications and logistics.

In Human Resources:

• Formalized all human resources policies and procedures, by conducting a complete compliance review and developing and rolling out an employee handbook.
• Created more protective standardized employee-required paperwork, and implemented improved hiring and termination strategies.
• Implemented an employee assistance program and identified the appropriate vendor.
• Reduced workers' compensation insurance plan premium by 33 percent.
• Kept health insurance costs flat by modifying deductibles and co-pays, and offsetting impact to employees by instituting a Flexible Spending Plan.