All Insights
Case Study

How a Boat Manufacturing Powerhouse Optimized Their Accounting Practices

tige boat sunset

Business Credits & Incentives

Business Credits and Incentives
Increase your cash flow with available tax credits and deductions. Learn more about which credits and deductions are right for your organization.
Take the Assessment
Tige
Tige Boats| Abilene, TX

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 them into the international market. Now a multi-million-dollar industry leader, Tige remains at the forefront of innovative technology and craftsmanship, shipping high-quality boats out of their state-of-the-art facility in Abilene, Texas to customers all over the globe.

KEY RESULTS

  • Optimized processes
  • GAAP-compliant audit procedures
  • Reduction of inefficiencies
  • Audited financials
  • Significant tax savings
  • High-level support and depth of resources

Manufacturing

Rely on the trusted expertise of manufacturing advisors to help you build and execute your strategic vision.

Audit and Assurance

Turn your audit or review engagement into a springboard for impactful change.

By the numbers
Learn more about the client
4x
their previous R&D tax credit

Watch to learn more about how Eide Bailly helped transform accounting operations at Tige Boats

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 into place at the company’s inception. 

yellow 1
Rapid growth causing accounting chaos
    yellow 2
    Inefficient processes
      yellow 3
      Missed opportunities

        The Solution

        Streamlined and optimized processes to support future growth.

        Eide Bailly was able to help the Tige Boats team optimize and transform their accounting practices so that they are positioned to continue their upward trajectory. 

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

        -Jeff Vogt, Chief Financial Officer | Tige Boats

        The Results

        Optimized processes, streamlined accounting, and increased opportunities.

        Tige Boats uses their audited financials as a springboard for change and opportunity. And with the Eide Bailly team, they’ve realized 4x the amount of their previous R&D tax credit. 

        Accounting
        ArticleHow to Put Strategic Accounting at the Center of Your Business Strategy
        When you take a strategic approach, your accounting function can deliver timely insight into your financial operations. Here’s how you can start prioritizing strategic accounting.
        Read the Article
        Our experienced outsourced accounting professionals can help you take a strategic approach to your financial operations.
        Let's Talk
        Field chickens
        Case Study:

        How We Drive Growth and Success

        Nutriom struggled to build an accounting team that was the right fit for their unique situation. CEO Leo Etcheto shares the positive impact outsourcing has had on the business.

        View Case Study