Case Study

Paragon Films – Manufacturer of High-Performance Stretch Film

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Paragon Films| Tulsa, Oklahoma

Founded in Tulsa, OK 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's films.

KEY RESULTS

Timely tax work
Accelerated audit schedule
$80,000 present value cash flow savings
A valued partnership

Audit and Assurance

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

Business Credits & Incentives

Accelerate depreciation deductions and increase cash flow with a cost segregation study.

By the numbers

Learn more about the client

80,000

in cash flow savings

Learn more about the relationship between Eide Bailly and Paragon Films.

The Challenge

A transactional relationship with an accounting firm.

The team at Paragon Films became frustrated by the level of service they were receiving from their accounting firm. They were lacking communication and strategic advisory from their provider and sought a firm that could be a valued partner.

Lack of communication

Untimely service

Impersonal relationships

The Solution

Better, faster service from a trusted team of advisors.

Paragon Films found that with Eide Bailly, they could rely on the expertise of a top 25 national firm and still experience the personal relationship and attention of a local firm. By partnering with Eide Bailly for their accounting needs, Paragon Films can make timely, strategic decisions to help them reach their business goals.

“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.”

-Mike Fritts, CFO | Paragon Films

The Results

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.”

–Mike Fritts, CFO |Paragon Films

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