Establishing adaptable and efficient financial operations early on will save your startup a significant amount of time and money, both of which are crucial to your early success.
If you’re looking for a financial consultant for startups, Compass East can help. We’ll identify and implement the necessary steps for establishing a solid financial infrastructure. Our strategic financial advisory services, accounting systems integration, cash flow management, bookkeeping and flexible consulting services enable you to leverage our expertise when required and scale back once your needs are met.
Outsourced Finance and Accounting Services for Startups
The Compass East team delivers in-depth analysis and measurable outcomes for the future, enabling you to focus on what matters most — growing your company and serving your clients. Our bottom-up approach builds a solid platform for further development across your company.
Working with hundreds of clients, Compass East has developed a proven Implementation process. We implement a scalable financial operation through discovery, planning, historical accounting clean-up, system and process setup, transition and training. You can count on Compass East to lead you through the following steps:
- Launch: We offer cloud-based financial solutions to ensure scalable, streamlined operations for your organization. Our iterating approach enables you to see our process’s evolution and ensure the final product meets your requirements.
- Build: We perform financial planning and budgeting, establish standard weekly reports and make process and system improvements to meet your startup’s problem-solving needs.
- Visualize: We develop board packages and cash flow forecasting with key performance indicator (KPI) dashboards for visualizing and measuring growth.
- Scale: Our advanced financial models provide a clear plan for ongoing sustainability.
Full-Scale Startup CFO Services
Compass East is incredibly proactive and flexible as your needs change. We use scalable systems and processes that enable growth, whether your organization has reached $1M or $20M+ in revenue.
Because we are entrepreneurs ourselves, we have intimate experience with those challenges. As your business pivots in new directions to take advantage of opportunities, our team can create solutions for complex financial operations.
Our comprehensive finance and accounting solutions encompass:
- Processes and systems: We integrate cloud-based systems and processes that provide the foundation for generating timely, relevant and accurate financial reporting.
- Efficient automation: Compass East implements automation to scale the financial operations as quickly as your company grows, freeing up founder and pivotal employee time to focus on growing your business.
- Financial reporting: KPI dashboards and trend analysis enhance your ability to make more informed decisions for your company.
- Financial forecasting: We provide financial models to test various processes and guide you through numerous startup financial strategies and scenarios to prepare you for the future.
Our fractional accounting services also feature complex solutions that follow generally accepted accounting principles (GAAP). These offerings are necessary for businesses that will undergo financial audits, due diligence and fundraises throughout their company growth life cycle.
Benefits of Fractional Startup Finance and Accounting Services
As a startup, paying proper attention to finance and accounting can help you lower long-term company expenses and lay a sound foundation for your operations. A financial advisor for startups can offer online solutions such as cash flow analysis, revenue accounting, financial planning, expense tracking policy and procedure development, and more.
Other advantages to opting for outsourced startup accounting services are:
- Significant Value: A reputable finance and accounting partner, Compass East will provide a high level of expertise, the right advisory services and a custom plan that suits your organization’s needs. Our startup financial advisors will deliver highly satisfactory results without the cost of maintaining an in-house team with less industry knowledge.
- Alleviating the stress of people management: With fractional services, you’ll have fewer people to manage internally. Your organization will save time in training and recruitment while reducing employee retention and turnover expenses.
- Concentrating on core activities: By outsourcing your non-core responsibilities to a third-party accounting firm, you can focus more energy on essential tasks. With the right provider, you can receive support for your accounting functions, allowing for better workload management and freeing valuable time to promote company growth.
- Working with an accomplished staff: By utilizing the financial management expertise of outsourcing firms, you can gain access to an accomplished team of financial advisors and accountants. Our accounting experts can help you meet compliance requirements because we stay updated on niche industry regulations.
- Metrics and advice: Outsourcing your startup’s accounting tasks ensures you get what you need when you need it, including financial strategies that must come from an expert. Compass East streamlines financial tasks to produce higher-quality results while helping you better understand business performance and budgeting concerns.
Why Work With Compass East?
Compass East understands how important financial planning and decision-making are in the early stages of your business. As a founder you have to make critical decisions on a daily basis to grow your business, Compass East provides the strategic startup financial consulting necessary to make the informed choices to grow your business.
Our team of professionals and CPAs has experience working as internal and external auditors, so we understand the ins and outs of business operations across various sectors. A passion for promoting growth and success within organizations with sound, streamlined financial processes drives Compass East and every service we offer.
Whether you’re focused on fundraising or serving customers, Compass East has got you covered. Our services extend to startups with venture capital or private funding.
When you outsource your finance and accounting needs to us, you’ll enjoy:
- Forward-looking startup financial planning and scalable operations.
- Cloud-based financial technology stacks.
- High visibility for KPI development, cash flow management and financial forecasting.
- Rapid finance and accounting technology development.
- Actionable financial reports and a bottom-up approach to automation and optimization.