Paragon Films – Manufacturer of High-Performance Stretch Film

March 12, 2021 | Case Study

Paragon FilmsFounded in Tulsa, Okla. in 1988, Paragon Films has been a leading manufacturer of high-performance stretch film for over 30 years. The company operates in Oklahoma, Washington, North Carolina and exports globally. There’s a good chance that the groceries you bought today arrived at your local grocery store on a pallet wrapped by Paragon Films.

Supporting those tightly wrapped pallets are a team of professionals dedicated to manufacturing efficient, sustainable, and economical stretch film products. One of those professionals is Paragon Films CFO, Mike Fritts.

Mike became frustrated by the level of service their previous accounting firm was giving them and found himself on the Eide Bailly website. He contacted Eide Bailly for their fraud prevention services and has continued to work with us through two acquisitions.


“We went looking for a firm that could provide a wide variety of services, but also provide us the human connection that we felt we needed and deserved as a business. And we found that with Eide Bailly.”

What Mike has experienced is a relationship beyond traditional accounting and business advisory services. When he expressed to his audit partner that he wanted a local group of CFOs to connect with and discuss common issues in manufacturing, his audit partner reached out to other contacts and clients and assembled a group of ten CFOs in the manufacturing space that meet regularly to network and share their challenges.

In addition, Paragon Films has received timely tax work, an accelerated audit schedule that satisfies their lenders and investors, and realization of an $80,000 present value cash flow savings with a cost segregation study.


“I’ve found through my years of working with Eide Bailly that the entire organization is filled with top-notch individuals that provide great business value and advice.”


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Manufacturing

Take a deeper dive into this Insight’s subject matter.

Fraud & Forensic Advisory

LOCATION:

  • Tulsa, Oklahoma

SOLUTIONS:

  • Financial Statement Audit
  • Employee Benefit Plan Audit
  • Annual Tax Return
  • Cost Segregation

RESULTS:

  • Timely Tax Work
  • Accelerated Audit Schedule
  • $80,000 Present Value Cash Flow Savings
  • Responsive Team of Professionals
  • Human Connection