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Who Uses Us? Case Studies Technology
Technology Company - Case Study
XYZ Solutions Inc. - Technology Company
This is a relatively new company that has a product that is gaining acceptance in the marketplace. The company now wants to graduate from it's ad-hoc bookkeeping and accounting system to a more formal system with regular reporting and, less involvement from the founders. The founders of the company are experiencing tremendous time pressure as a result of their recent success. They have also acquired a number of stakeholders in the business that are insisting on better and more timely financial reporting. Below is a list of what they were missing before LedgersOnline.
- Accounting personnel with experience
- Timely and accurate financial reporting to stakeholders
- The accurate estimates of cash flows or burn rate estimates
- Inaccurate reporting on budgeted project costs vs actual project costs
- The ability to know what their financial obligations or accounts payable are at any given time
- The ability to bill for products and services and collect on a timely basis
- Time for C level personnel to focus on more important issues
Our Solution
Below is a list of what they received with LedgersOnline services.
- Accurate and timely financial supporting
- Part-time bookkeeping and accounting services that felt like full-time services through LedgersOnline Help Desk Service
- A sense of where they are financially
- More time to focus on running and growing their business
- The ability to collaborate on the accounting system from anywhere, allowing existing accounting personnel to ease out of the day to day bookkeeping and focus on more important issues
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