June 26, 2024

This paid piece is sponsored by Eide Bailly LLP.

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

Eide Bailly LLP recently worked with family-owned company Nutriom to enhance its financial capabilities and increase organizational value. Here’s how the two worked together to accomplish their goals.

Facing a new set of challenges

Nutriom, the creator of OvaEasy, the world’s only fully functional egg powder, is committed to helping feed the world by reducing food waste. It moved its headquarters from Washington to Iowa to streamline its processes and increase efficiencies in its supply chain. The company struggled, however, to build an accounting team that was the right fit for its unique situation.

With a lack of internal staff and specialized accounting knowledge, time-consuming and inefficient processes that caused supply chain issues and limited tools and resources that resulted in inconsistent and unreliable data, Nutriom decided to seek support. 

Finding a solution

Working with Eide Bailly, Nutriom elevated its organization to new heights. Specialized accounting was identified as the best way to accomplish Nutriom’s strategic objectives and tackle its challenges after moving its headquarters.

Eide Bailly’s trusted advisors gave the company’s 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 Nutriom’s requirements at the time and its future aspirations, ensuring it had access to the resources needed.

Through the collaboration with Eide Bailly, Nutriom also utilized NetSuite and benefited from available business credits and incentives. 

“Eide Bailly has given us the security of knowing that there is a large part of our business that is taken care of as we continue to grow,” Nutriom CEO Leo Etcheto said. “We can focus on other areas of our business — like production — that no one else can do.” 

Transforming operations, amplifying impact

By working with a trusted advisory firm, Nutriom maximized its impact and improved its operations. With a large part of its business operations taken care of, it can focus on what truly matters: driving growth and achieving success.

Eide Bailly’s experienced accounting and business advisory professionals are here to help you take a strategic approach to your financial operations.

To hear the Nutriom story in the CEO’s own words, watch below: