Case Study 1
Building Finance Function at a Series A Software Product Company
CLIENT ASK
Setting-up systems & processes for finance ops
Remove dependency on external accounting firm
Building Finance team for the future
CHALLENGES
Significant gap between MIS and audited financials
No FTE in the finance team
Dealing with legacy issues
FINNOSIGHTS APPROACH
Engaging with founders and investors to define and align on business KPIs.
Set-up Finance calendar with clear-cut timelines for finance activities
Hiring right talent based on the complexity of the role
Reviewed existing contracts and strengthened their language.
Collaborating with the business team to analyze the sales pipeline and forecast and revenue.
RESULTS
Designed and implemented Insightful Business MIS
Robust monthly-close & MIS reporting
100% compliance with local & US laws
IMPACT
Investor comfort with reported nos.
RevOps activation for faster sales cycles.
Unlocked savings in costs (cloud & payroll cost)
Finance team is scale ready