Small business, interim finance, corporate governance
A tech startup poised for rapid growth needed a CFO to chart the company’s financial future and provide extra horsepower across the board.
They needed help obtaining capital, achieving audit compliance, addressing revenue recognition issues and tackling financial planning.
Adding to the challenge of meeting all their needs was the fact the company has a highly seasonal sales cycle and capital-intensive inventory requirements.
One of our specialists in tech startups stepped in as part-time CFO to create predictive financial models, provide decision-making support for the entire organization, put cash flow on an even keel and manage the day-to-day finance operation.
In addition to supporting the client’s first VC funding round, our guru obtained more than $12 million in debt financing over two years.
We also created a revenue recognition model that would work for the company’s complex sales process.
With clean audits, technical issues addressed and day-to-day finance on a sustainable footing, the client was ready for the big time.