BENEFITS
Successful companies have teams that remain laser focused on what they do best.
And as a founder, your time and capital is precious. Let us seamlessly manage your Finance and back end functions so you and your team can do what you do best.
Cost Savings to your bottom line:
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50% or more savings over traditional Finance
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No employee turnover or training costs
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No backup, support, or security costs
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No manual processes = higher productivity
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Systems - no future integration or switching costs
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HR/Benefit expert - salary is at least $50K-$75K
Things you can't put a Price on:
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Funding - more credibility to entice investors.
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Competitive advantages - outperform your competitors.
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Opportunity loss - cost of not running/growing your business.
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Strategy & Planning - short and long term.
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Equity - why sacrifice precious equity by hiring in Finance?
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Scalability - huge cash, time, and resource savings.
HR & Benefits Expertise:
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Setup and administration for entire benefits plan
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Manage healthcare, insurance, 401K plans
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Experts available for recruiting, training needs
CFO Guidance:
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Provides tactical & strategic advantages
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Ability to navigate between strategy & details
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Excellent cost-benefit judgment
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Provides credibility to investors & board
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Experience matters - avoid common pitfalls
Traditional Finance Costs
What is the "real" cost of traditional Finance?
Many early stage companies start by hiring a Controller:
Salary - $100,000
Bonus - $20,000
Benefits - $15,000
Payroll tax - $10,000
Total $145,000
Finance Infrastructure / IT:
Server/Cloud - $5,000
Licenses - $3,000
Support - $1,000
Security - $1,000
Total $10,000
ANNUAL COST: $155,000
Controller Shortfalls:
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"One-man" show for all accounting & payroll
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Immersed in day-to-day transactions
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Manual processes are inefficient
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Poor financial controls - no checks / balances
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Lack of strategic experience
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Lack of HR / benefits management
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Hiring a Controller will require sacrificing equity
Myth: A Finance department with only one employee is running lean.
This may have been true in the past but business is now learning the value in outsourcing their transactional functions. Specialized talent is more valuable to CEO's, Investors, and Boards.