IMPACT+
Start of assignment: October 2022
Type of assignment: CFO, Due Diligence, Controlling
Activity: SustainTech
Initial sales: €1.1M
Number of employees: 28
Mission summary
Beginning in October 2022, our collaboration with IMPACT+, a pioneering SustainTech company, marked a significant turning point for this dynamic company. When we arrived, IMPACT+ was at a crucial stage: although progressing rapidly, the Finance function was not yet structured. The CEO, who was also the company's founder, was managing all administrative functions on his own, with no developed reporting system, with the exception of monitoring customer invoicing.
Objectives and actions
- Implementation of a financial reporting system: We have developed a reporting tool including a forecast and detailed monitoring of activity to enable better strategic decision-making.
- Technological integration: A high-performance ERP and an outsourced payroll management system were integrated to optimize internal processes.
- Total outsourcing of finance and HR: To enable the founder to concentrate on developing the company, we took over the management of finance and human resources.
Team and commitment
Three members of our Iter Advisors team were involved in this mission, working an average of 2.5 days a week to meet IMPACT+'s intense operational needs.
Results
- Successful fund-raising: Shortly after the start of our mission, IMPACT+ completed its first round of financing, raising 2.2 million euros from a private fund and supplemented by 1.3 million euros in non-dilutive financing from partner banks and the BPI.
- Team growth: The company tripled its workforce from 9 to 28, thanks to optimized management and ongoing strategic support.
- Sales growth: IMPACT+ has recorded exponential sales growth in 2023 and 2024, attesting to the effectiveness of the configuration we have helped to put in place.
Conclusion
Today, IMPACT+ continues to grow, with a team of two Iter Advisors people still committed to the mission, divided between a CFO and a Finance manager. The company continues to prove that responsible innovation can go hand in hand with solid, sustained commercial growth, demonstrating the effectiveness of our collaboration.
