A Revolutionary Investment Platform

This case study examines a breakthrough firm that offers an easy-to-use, automated process for investing in alternatives. The company’s goal is to democratize alternative asset investing and was growing at an impressive clip.

The Situation

Our client planned to fuel expansion by raising $50+ million in less than nine months. Adding to the financial and accounting team was a crucial step in managing the organization’s growth objectives and attaining the most favorable outcome.

The firm engaged Compass East to develop a scalable financial infrastructure to accommodate and sustain its growth objectives. This process would also support the organization’s VP of Finance by providing targeted accounting, month-end close, reporting, and forecasting functions, enabling this C-suite executive to focus on strategy and growth.

The Result

Compass East developed and implemented a multipronged strategy consisting of streamlining the client’s financials and overhauling its chart of accounts for more efficient categorization. We implemented GAAP-standard Revenue Recognition software from Maxio to automate the process and ensure compliance. Another crucial step involved Ramp expense management software integration to automate this function and save time.

This strategic financial management reformation provides the essential infrastructure for enabling the VP of Finance to develop, track, and measure KPIs. Armed with this data, this executive can now obtain a clearer and more concise departmental overview, leading to more informed business decisions. We also assumed control of the company’s finance, accounting, and month-end close functions, allowing the VP to allocate more time to other value-added and growth-oriented tasks.

Developing an intelligent financial model was another crucial component of our strategic plan. Our team utilized the client’s internal and external data to maintain a scalable financial model while updating rolling monthly forecast scenarios based on recent historical trends. We also enabled improved communications with investors and the board by implementing targeted KPI metrics to report on growth and productivity patterns.

Finally, Compass East supplied invaluable due diligence support in the Series A and B financings. We managed third-party audit requests, as well, as saving time and energy for the internal team and freeing them to perform other duties.

Throughout our engagement, the client has experienced an annualized growth rate exceeding 500%. It also maintained a streamlined finance department with Compass East as its trusted accounting and Controller partner.