Company Profile
A high-growth AI tech startup with a B2B product in the broader Financial Services industry.
Challenges & Solutions
The founders of the fast-moving AI company were hyper-focused on building product, executing go-to-market strategies and driving growth. They had momentum and growing investor interest but needed the financial infrastructure to support the growth. Gaps in their built-from-scratch finance function were quickly becoming noticeable.
CHALLENGES
- •Infrastructure Gap: Lack of necessary structured financial processes or scalable accounting systems in place.
- •Operational Fragmentation: Disconnected bookkeeping, payroll, treasury, and reporting workflows.
- •Close Cycle Delays: Slow month-end close cycles limited ability to make timely, data-informed decisions.
- •Operational Visibility: Ability to manage Software-as-a-Service (SaaS) metrics, unit economics, project-level profitability, cash flow, stock options, or procurement.
SOLUTIONS
Fiscaliance applied its Finance-as-a-Solution (FaaS) Tactical and Strategic services to build the client’s finance function from the ground up.
Tactical: Foundation Building
- •Enterprise Resource Planning Software Implementation: Deployed an ERP solution to centralize financial data and eliminate manual reconciliation of operational metrics.
- •Bookkeeping & Accounting: Set up a new chart of account, imported the balances from the previous accounting software into the new ERP, and established a structured process for capturing and recording financial transactions.
- •Vendor Management: Refined the processes for new vendor set-up and invoice receipt to ensure timely payment of balances and eliminate duplicate payments, while ensuring accurate tracking of compliance data.
- •Payroll & Treasury Management: Implemented streamlined payroll workflows and cashflow management procedures.
- •Month-End Close: Refined the close process down to five business days.
Strategic: Introducing Clarity & Control
- •Financial Planning & Analysis Dashboards: Built dashboards delivering comprehensive financial reports on day five of each month.
- •SaaS & Unit Economics: Introduced tools to track ARR/MRR, cash flow, and project-level profitability.
- •Stock Option & Procurement Management: Deployed tools for procurement automation.
Value to Client
Fiscaliance built a robust and scalable finance function capable of supporting both daily operations and high-stakes growth through multiple rounds of successful investor funding.
By coordinating the simultaneous deployment of Tactical and Strategic service layers, Fiscaliance:
- •Reduced month-end close time to five business days, giving leadership prompt and reliable access to data each month.
- •Enabled faster and more confident decision-making with comprehensive financial dashboards available by business day five.
- •Implemented integrated software systems to replace fragmented manual processes.
- •Established a foundation to support fundraising with efficient financial preparation and due diligence management.