Growing a business is hard work. Keeping your growth machine humming requires extreme focus on the core activities of your business…product, sales, marketing and culture development. Growing companies also need a strong back office function including a strong accounting and finance function.
Day-to-day basic blocking and tackling in accounting and finance has to happen. Invoices must go out, payments must be received, people and vendors must be paid and your books need to be closed in a timely and accurate manner. Management and investors want monthly financial statements and KPI’s to manage and grow your business. While these functions are important; they are also time consuming and costly. Building and managing a team, developing processes and internal controls, monthly closing, and financial reporting and analysis can take your focus away from the strategic initiatives that drive your growth.
One such area that often gets overlooked in the hustle and bustle of building our products, services, and marketing strategies is our accounting and finance department.
Your company is built to grow but too often the accounting and finance department is not. Start up companies focus on the product, services, sales and marketing and building the right team with the accounting systems and processes as a “necessary” afterthought.
It is not unusual for start up companies to pick solutions that “gets the job done” in the short term but fall short as the company grows. There comes a time when these systems and processes simply cannot keep up with the growing needs of a growing company. The result is the need to rip and replace. A rip and replace process is time consuming, costly and very disruptive to your business.
Over the years we have seen this play out hundreds of times and we know there is a better way. Levering our years of experience as entrepreneurs and accountants we set out to change this paradigm.
Identifying and choosing the right business process solutions right from the start requires time and money, two things most startups do not have. Leveraging our past experience Accumentix identified best of breed technology solutions that you will not outgrow. With our understanding of startups and the best business processes, we have taken the time that most startups simply do not have.
When it comes to money, Accumentix has entered into partnerships with leading solution providers where we purchase the solution and utilize the technology stack to deliver accurate financial and key metric measurements on a timely and efficient basis. In other words, we have purchased the technology stack that most startups cannot afford.
Accumentix serves as our clients accounting and finance department. This allows companies to leverage our experiences to develop effective business processes while taking advantage of our efficient and scalable technology stack. Through our technology partners we deliver all of this more cost efficiently than companies can do on their own.
Our approach is designed to support you every step of the way. When the time is right for you to establish your internal accounting and finance team
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