ZRG Returned the Finance Operations to Solid Footing, With an Adaptable Solution That Meets the Company’s Needs Today and Will Scale with Its Growth

At A Glance

Company Type: Series A company

Solution Area: Outsourced Finance and Accounting, Fixed Fee Fractional Finance & Accounting Services Growth Package

About The Client

A risk management solutions company in the San Francisco Bay Area ran into issues trying to manage the Finance and Accounting operations completely on its own.

Challenge

A previous ZRG client reached out to us to get a better grasp of its financial situation. The company had tried taking its accounting completely in-house for a year, but the controller-run Finance organization made some missteps that needed rectifying.

Unreconciled balance sheet accounts, improperly executed internal controls, lack of a close process, and duplicate vendor and customer names in the accounting system muddled the reliability of its financial information.

The venture-backed company needed help to restore and stabilize its financial and accounting operations—and knew exactly where to turn for expertise.

Solution

ZRG took a fresh look at the company’s financial records and recommended our Fixed Fee Growth Package. This adaptable solution was specifically designed for companies like this one that require an infusion of outsourced senior-level financial leadership, advice and best practices—yet cannot fit a full load of enterprise-level fees into the budget.

To bolster the finance organization and sharpen its range of skills under terms that would work for the startup, ZRG closely collaborated with the management team to adapt our services.

• Optimized Finance and Accounting processes, including reconciliations, consolidations of duplicate vendor and customer listings, and the monthly close
• Introduced effective internal controls
• Provided ongoing guidance on an as-needed basis
• Became an adaptable, grow-with-you business ally that’s prepared and capable of adjusting our solutions and level of outsourced expertise when needed

Results

• Consistent, timely and reliable financial reporting
• Rectified journal entries and reconciled balance sheet accounts
• Effective internal controls
• Comprehensive insights into the company’s financial standing
• Ongoing access to a trusted business collaborator that will evolve its services alongside the organization

ZRG’s Fixed Fee solutions adapt and scale to the exact needs of resource-strapped Finance functions, depending on their size and growth stage, with full stack accounting, 30+ years of experience and industry-leading practices.

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