CASE STUDY:

Cycling Canada
(Canadian Cycling Association)

LedgerLine partnered with Cycling Canada during a time of financial strain and operational overwhelm. Here’s how we helped turn things around.

The Challenge

Like many growing organizations, Cycling Canada found themselves caught in a familiar tension: focused on the future, but buried in day-to-day financial firefighting.

They were:

Working with a $300,000 operating deficit
Operating without real-time financial visibility
Managing time-consuming, manual invoicing and approval workflows
Struggling with slow receivables that drained cash flow
Trying to budget and forecast with tools that couldn’t keep up

What they needed wasn’t more reports—it was structure, visibility, and a scalable finance function.

What We Did

LedgerLine came on board as a strategic finance partner. Not just to fix the books, but to free up the internal team and rebuild trust in the numbers.

Automated invoice follow-ups to accelerate collections and improve cash flow
Weekly cash dashboards that deliver instant clarity in two minutes
Email-based approval workflows so payables keep moving, even when leadership travels
Live budget-to-actual tracking for real-time insights and course corrections
Paperless systems and audit-ready reporting to streamline year-end and maintain compliance

We didn’t just implement systems—we embedded new habits, clarified procedures, and supported the team every step of the way.

The Results

Within two years, the impact was significant:

74% reduction in accounts receivable
$500,000 increase in available cash
$1.15M swing—from a $300K deficit to an $850K surplus
75% less CEO time spent on financial management
Stronger, timelier budgeting and improved audit readiness

The shift was from reactive and uncertain—to proactive, confident, and built for sustainable growth.

What They Say

“Stefan and his team at LedgerLine have expertly guided management teams through the transition to modern accounting systems without a hitch. By employing the latest accounting systems, LedgerLine can now produce more relevant information, quicker and at less cost to us.”

Greg Cote

Former Chair of the Finance and Audit Committee, Cycling Canada Association

You Don’t Have to Keep Flying Blind

If your organization is operating without clear financial insight or spending precious hours just trying to stay afloat, we can help.

Let’s talk about what’s possible.

Experienced Finance Support, When and Where You Need It

Whether you’re catching up on filings, cleaning up systems, or building toward your next phase of growth, we’ll meet you where you are — and help you get where you’re going.