In such cases, we may start with an outsourced accounting team and introduce best practices and ways of operating more efficiently, such as an efficient monthly close process and an accounting system with a proven tech stack of applications that match the company’s current state of growth. These applications include the core accounting system (e.g., QuickBooks, Xero, or NetSuite), invoicing, expenses, payroll, equity management, and cash management.
The other needs of an emerging growth company require a close understanding of the business. The CEO may want to be able to occasionally lean on a CFO for mentoring, for insights on a fundraising strategy, or for acting as a spokesperson when talking with investors. A part-time controller could level up the finance team and provide some overdue oversight.
The needs of the company will evolve as the company grows, of course, and so will the ways that RoseRyan provides expertise and guidance. When companies become acquainted with RoseRyan’s Emerging Growth Solutions, they gain access to an entire finance function, and can pull any lever—outsourced accounting, controller savvy and CFO expertise—when they need to.