Posted by Early Growth
July 28, 2014 | 3-minute read (553 words)
Originally published in PRWeb.
Outsourced financial services firm adds low-priced, fixed cost offering to their suite of financial services to help support very early-stage startups nationwide.
San Jose, CA (PRWEB) July 24, 2014
Early Growth Financial Services (EGFS), an outsourced financial services firm that provides accounting, CFO, strategic finance, tax, and valuation services and support to small to mid-sized companies nationwide, has just announced the launch of their new JumpStart program. JumpStart was designed specifically for very early-stage startups, to provide essential financial services and build a solid financial foundation for young companies.
“Companies, in their earliest stages, have very specific financial needs and are often very price sensitive,” said Steve Olson, CTO for Early Growth Financial Services. “Our finance professionals have experience working with 400+ companies from Silicon Valley to New York City. This has given us insight into every stage of the business development process, and the ability to meet companies where they are and to offer the kind of support they require. We saw a need with very early-stage companies and created the JumpStart program to satisfy this need: to help companies to transition from no accounting or very simple accounting to a more formalized process that provides the structure they need to grow.”
The fixed cost JumpStart program provides day-to-day transactional accounting, including accounts payable and cash/credit transactions; GAAP (Generally Approved Accounting Principles) financial statements on a quarterly basis; monthly bank reconciliation; and CFO account oversight. JumpStart program members also have access to discounted CFO services as needed, including fundraising support in the form of investor introductions, financial modeling, help creating investor content (such as pitch decks) and more.
The JumpStart program is an especially good fit for companies in incubator and accelerator programs, helping them to build their financial foundation without having to focus their energies in this area. JumpStart client, Benoit Vatere, CEO for SpringRole, Inc., a hiring marketplace powered by referrals, agrees: “SpringRole has simplified the hiring process. We are focused on disrupting this crowded vertical by automating and scaling the referral process. That is our area of expertise. Our EGFS Senior Accountant is focused on keeping our accounting clean, building a solid financial infrastructure, and helping us to stay on top of our finances. That’s their area of expertise.”
“EGFS is always looking for ways to meet the financial management and financial infrastructure needs of small to mid-sized companies at every stage of the development process,” said David Ehrenberg, Founder and CEO of EGFS. “Our mission has always been to take away the financial administration pain points that can come with business ownership to allow entrepreneurs to focus on what they do best – creating brilliant products and services.The JumpStart program is a perfect fit for companies as they begin their journey.”
Early Growth Financial Services (EGFS) is an outsourced financial services firm that provides a full range of financial services and support to companies at all stages of development. With operations in Silicon Valley, San Francisco, Los Angeles, Austin, Chicago, Boulder, Seattle, and New York City, EGFS’s clients include Indiegogo, Klout, TechShop, Open, and 400+ other small to mid-size businesses nationwide. For more information and to learn how EGFS can help companies to keep their internal resources focused on their businesses, visit http://www.earlygrowthfinancialservices.com and follow @EarlyGrowthFS.