Accelerate
Accelerate outsourced virtual FC services to TSC to provide a transformative impact for the financial management challenges faced.
Services Provided
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Financial Strategy and Planning
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Cash Flow Management
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Financial Planning and Analysis
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Investor Relations and Fundraising Support
Company
Accelerate is a fast growing start-up in the tech industry, creating software and applications.
Requirement
Facing financial management challenges, Accelerate partnered with TSC to leverage their expertise in strategic financial guidance, cash flow management and financial reporting.
Key Summary
Accelerate engaged TSC to address their financial challenges and drive growth. The collaboration began with comprehensive assessment of the company's financial operations, goals and challenges.
​Challenges faced:
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Limited Financial Expertise: The company lacked in-house financial expertise, making it challenging to make informed financial decisions and manage cash flow effectively.
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Financial Reporting: Inadequate financial reporting systems and processes hindered the company's ability to track performance, identify trends and communicate financial information to stakeholders effectively.
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Strategic Financial Planning: A requirement of guidance to align financial strategies with their growth objectives and optimize resource allocation.
Process
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Financial Strategy and Planning: We collaborated closely with the leadership team to develop a robust financial strategy aligned with their growth objectives. This involved analysing market dynamics, identifying growth opportunities and implementing strategic financial plans.
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Cash Flow Management: Implemented cash flow forecasting models to provide the company with real-time visibility into their cash position.
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Financial Reporting and Analysis: Implemented streamlined financial reporting systems and processes, enabling access accurate and timely financial information.
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Investor Relations and Fundraising Support: Assisted in preparing financial models and business plans.
Results
Improved Financial Decision-making
Transparent and Insightful Financial Reporting
Streamlined Financial Reporting
Enhanced Cash Flow Management
Strategic Financial Plans
Identified Key Metrics and Data Driven Decisions
Financial Impact
25%
Increase in Profitability
£105,000
Cost Savings