Sept. 23, 2024

This paid piece is sponsored by Eide Bailly LLP. 

A version of this insight first appeared on EideBailly.com.

Eide Bailly LLP worked with Tige Boats to improve its accounting practices and increase efficiencies, allowing it to operate at peak performance and laying the foundation for growth. Here’s how the two teams worked together to accomplish the business’ goals.

About Tige Boats

In 1991, revolutionary boat innovator Charlie Pigeon founded Tige Boats with the mission to give customers the ultimate experience on the water. Just two years later, Tige’s unique approach catapulted it into the international market. Now a multimillion-dollar industry leader, Tige remains at the forefront of innovative technology and craftsmanship, shipping high-quality boats out of its state-of-the-art facility in Abilene, Texas, to customers all over the globe.

The challenge: Explosive growth led to the need for updated accounting processes

With growth comes growing pains — especially when it comes to accounting. When chief financial officer Jeff Vogt joined the company, he realized that not much had changed from the mom-and-pop accounting procedures that were put in place at the company’s inception.

With rapid growth causing accounting chaos, time-consuming and inefficient processes causing issues and numerous missed opportunities, Tige Boats decided to seek support.

The solution: Streamlined and optimized processes to support future growth

Working with Eide Bailly, Tige Boats was able to streamline its accounting, quadruple its R&D tax credit and adopt GAAP-compliant audit procedures, leading to greater efficiency and growth.

Eide Bailly’s trusted advisers gave company leaders peace of mind, knowing that their key accounting functions were handled by a team with specialized knowledge and deep expertise backed by years of experience. This comprehensive solution catered to Tige Boats’ growing pains and future aspirations, ensuring it was prepared for growth. 

“Eide Bailly came on at the beginning of the massive growth cycle,” Vogt said. “They’ve helped us streamline and optimize our procedures so that we can meet this bigger demand.”

Optimized processes, streamlined accounting and increased opportunities

Improving your accounting practices can lead to enhanced efficiency, allowing you to operate at peak performance and laying the foundation for future growth. Since working with Eide Bailly, Tige Boats has used its audited financials as a springboard for change and opportunity.

Hear more from Tige Boats to learn how Eide Bailly helped transform accounting operations.