The Challenge
A fast-growing health tech company, known for its innovative solutions in child developmental health, needed to modernize its accounting practices, implement automation, and enhance financial reporting to support strategic decision-making.
Frustrated with their previous third-party advisory firm—which operated on a rigid billable-hour model, lacked proactive support, and had poor communication—they recognized the need for a more effective and flexible solution.
The Journey
| Timeline | Crew | Chiefs | Captains | Term |
|---|---|---|---|---|
| January – March | ✓ | ✓ | ✓ | Monthly |
| April – June | ✓ | ✓ | Monthly | |
| July – September | ✓ | ✓ | Monthly | |
| October – December | ✓ | ✓ | Monthly |
The Solution
CPAClub introduced a passholder-centric approach designed to transform their accounting operations. Our customized strategy included:
- Comprehensive review – Evaluated existing accounting policies, procedures, and technology, identifying inefficiencies and gaps in their current systems.
- Tailored roadmap – Shared short-term and long-term recommendations for ongoing improvements and automation.
- Improved accounting – Strengthened accrual-basis accounting for a more accurate and detailed financial picture.
- Standard operating procedures (SOPs) – Established SOPs to streamline daily operations and enhance internal controls.
- Proactive, hands-on support – Replaced the reactive, billable-hour model with flexible, on-demand expertise, ensuring accurate and timely financial reporting.
The Impact
With CPAClub’s support, the company overcame its previous challenges and now operates with a streamlined, efficient, and scalable accounting function that supports its growth.
- Accurate financial reporting – Improved accrual-basis accounting ensures timely and precise financial statements.
- Optimized processes – SOPs have strengthened internal controls and increased operational efficiency.
- Automation opportunities – Identified and leveraged key automation strategies to support scalable growth.
- Better decision-making – Reliable financial data and technical accounting support empower stronger strategic decisions.
- Five-star passholder experience – A proactive and transparent approach has transformed their accounting function, delivering superior, results-oriented service.
