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About Us
How We Work
Services
Blog & Resources
Let's Chat

Your Trusted Advisor, That’s Part of Your Team

Growth Partners acts as a trusted advisor and partner for your startup. We do this by providing you with strategic advisory, accounting, financial reporting, technology and revops support.

We understand that every startup is unique, and our approach reflects that. Keeping in mind your most pressing needs, and long term vision we create a tailored solution that brings in the right people, processes and technology to help you get there.

Our Personalized Approach

We meet you where your needs are today, and grow with you as you grow. To do this, we use the following personalized approach when working with you.

Let's Chat

01

Scope

We want to understand your most pressing needs and long term vision. To do this, we start with a 45-minute discovery call where we explore the current state of your startup, your specific needs, challenges, and long term vision. This lets us better understand your startup and scope the people, processes and technology needed to help you get there.

02

Solution

We create a tailored solution that brings in the right people, processes and technology to address your most pressing needs, and helps you achieve your long term vision. We walk you through the proposed solution including a breakdown of your responsibilities, the timelines, and the investment that would be needed to help you get there.

03

Start

As soon as we’re aligned on the solution, we start our partnership. We roll up our sleeves with a streamlined onboarding process. This includes getting more familiar with your operations, establishing core processes, and getting urgent deliverables out the door that meet your most pressing needs.

Growth is an ongoing journey, and we’re in it for the long run with you.

As our partnership continues, we work with you to achieve your long term vision. Our full-stack team of diverse startup CFO experts and accountants actively look at ways to help you optimize and scale to achieve your long term vision.

From strategic finance to bookkeeping, we do this by offering a full suite of finance services that meet you where your needs are today, and down the road.

Let's Chat

Case Studies

CFO ADVISORY | ACCOUNTING | REPORTING

Improving a Startup's Cashflow, Reporting, and Investor & Board Relationships

----------------------------------------------------------

FinTech startup with $2M annual revenue.

Problem

  • Had both short and long term cash flow uncertainty and never knew what it could afford as it tried to make future plans
  • Challenges with accounts receivable (AR) and prolonged payments due to customers not being billed on a regular schedule
  • Loose process for accounts payable (AP) with some bills going unpaid for too long, angering suppliers, while others were paid too soon, not taking advantage of credit terms and impacting cash runway

How We Helped

  • Created billing schedule and process for accounts receivable follow-ups to ensure clients were invoiced on time and slow payers were regularly contacted
  • Created accounts payable process to take advantage of all credit terms where available to improve cash runway
  • Created short-term (3 month) week by week cash forecast to show dips in cash that might not otherwise be flagged on a month end balance sheet
  • Developed long-term (3 year) rolling business forecast that allows for long-term planning and quick scenario changing

Outcome

  • Improved cash runway by setting up collections process and substantially reduced with amount of clients over 30 days in arrears
  • Elevated supplier satisfaction and gave management team time, capacity, and peace of mind back by setting up an accounts payable process that ensured suppliers were paid on time without management oversight
  • Secured $1.5M in working capital through a major lender by having their forecasts in place and taking advantage of their ARR and SR&ED claims

TECHNOLOGY

Helping a Startup Streamline Their Finance Tech Stack

----------------------------------------------------------

MedTech startup with $500K+ annual revenue.

Problem

  • On a finance tech stack that was not well suited for their business
  • Lacked integrations between finance and operational systems
  • Had issues with delayed reporting, data accuracy, and inability to leverage reports to support strategic decision making

How We Helped

Implemented a fully integrated cloud based finance tech stack including:

  • Quickbooks as accounting software that acts as central hub
  • Plooto to streamline all payment related processes
  • Float to replace manual expense reports and streamline corporate spend with all functional teams
  • Wagepoint to create a fully integrated payroll solution that automates all payroll functions

Outcome

  • A scalable finance tech stack that supports business growth and empowers their finance function
  • A finance team that is able to focus on value add activities and significantly reduce the amount of time spent on manual processes 
  • Timely and accurate reporting that enables the management team to make well informed and data driven strategic decisions

Case Studies

CFO ADVISORY | ACCOUNTING | REPORTING

Improving a Startup's Cashflow, Reporting, and Investor & Board Relationships

-------------------------------------------------

FinTech startup with $2M annual revenue.

Problem

  • Had both short and long term cash flow uncertainty and never knew what it could afford as it tried to make future plans
  • Challenges with accounts receivable (AR) and prolonged payments due to customers not being billed on a regular schedule
  • Loose process for accounts payable (AP) with some bills going unpaid for too long, angering suppliers, while others were paid too soon, not taking advantage of credit terms and impacting cash runway

How We Helped

  • Created billing schedule and process for accounts receivable follow-ups to ensure clients were invoiced on time and slow payers were regularly contacted
  • Created accounts payable process to take advantage of all credit terms where available to improve cash runway
  • Created short-term (3 month) week by week cash forecast to show dips in cash that might not otherwise be flagged on a month end balance sheet
  • Developed long-term (3 year) rolling business forecast that allows for long-term planning and quick scenario changing

Outcome

  • Improved cash runway by setting up collections process and substantially reduced with amount of clients over 30 days in arrears
  • Elevated supplier satisfaction and give management team time, capacity, and peace of mind back by setting up an accounts payable process that ensured suppliers were paid on time without management oversight
  • Secured $1.5M in working capital through a major lender by having their forecasts in place and taking advantage of their ARR and SR&ED claims

TECHNOLOGY

Helping a Startup Streamline Their Finance Tech Stack

-------------------------------------------------

MedTech startup with $500K+ annual revenue.

Problem

  • On a finance tech stack that was not well suited for their business
  • Lacked integrations between finance and operational systems
  • Had issues with delayed reporting, data accuracy, and inability to leverage reports to support strategic decision making

How We Helped

Implemented a fully integrated cloud based finance tech stack including:

  • Quickbooks as accounting software that acts as central hub
  • Plooto to streamline all payment related processes
  • Float to replace manual expense reports and streamline corporate spend with all functional teams
  • Wagepoint to create a fully integrated payroll solution that automates all payroll functions

Outcome

  • A scalable finance tech stack that supports business growth and empowers their finance function
  • A finance team that is able to focus on value add activities and significantly reduce the amount of time spent on manual processes 
  • Timely and accurate reporting that enables the management team to make well informed and data driven strategic decisions