Financial Planning & Analysis Services
Exercise greater discipline in your startup today with our FP&A Services.
Get strategic where it counts.
Financial growth is the goal. Our Financial Planning & Analysis team is here to help you understand your operations—from the small, critical details to the big picture trends and themes. We have the talent, tools, and procedures you need to build and shape the best strategy for your success.
Financial Planning & Analysis Services
Mighty Startup empowers businesses with the financial insights and strategic guidance they need to thrive in today’s dynamic marketplace. Effective financial planning and analysis are the cornerstones of sound decision-making and sustainable growth. At our core, we offer a comprehensive suite of services designed to enhance your financial management capabilities. From establishing a budget to providing in-depth analysis of critical metrics, we are your trusted partner in managing your finances. Our commitment goes beyond traditional budgeting; we focus on helping you report actual performance against your budget, assess variances to understand the “why” behind business performance variations, develop a rolling forecast that adapts to changing circumstances, and maintain a 12-month outlook to ensure you are continually aligned with your strategic goals. Let us help you transform your financial future!
- Establish a budget
- Report actual performance against budget
- Assess variances—understand why business performance varied from the plan
- Develop a rolling forecast
- Refresh forecast regularly based on actual performance
- Maintain 12-month outlook on your business (not just where you planned to be the last time you budgeted)
- Ad-hoc analysis of gross margin, revenue growth, trends with headcount, customer acquisition cost (CAC), and more
You’re in Good Company
Financial Planning & Analysis Services FAQs
Outsourcing Financial Planning and Analysis (FP&A) can be the right choice for a business in various situations and under specific circumstances. Here are some scenarios in which outsourcing FP&A may be a beneficial decision:
- Cost Efficiency: When a business is looking to reduce operational costs and overhead, outsourcing FP&A can be an attractive option. Outsourcing often allows access to experienced financial professionals at a lower cost compared to hiring a full-time, in-house FP&A team.
- Lack of In-House Expertise: If your company lacks the necessary expertise in-house, outsourcing FP&A can fill this knowledge gap. This is especially valuable for startups and small businesses that may not have the resources to hire and train specialized financial analysts.
- Seasonal or Project-Based Needs: Some businesses experience fluctuations in their financial analysis and planning requirements throughout the year or for specific projects. Outsourcing FP&A provides flexibility, allowing you to scale services up or down as needed.
- Focus on Core Competencies: Outsourcing FP&A allows your internal teams to concentrate on their core competencies and strategic functions. This can lead to improved overall efficiency and effectiveness.
- Access to Advanced Tools and Technology: Outsourcing firms often have access to advanced financial software and analytical tools that may be cost-prohibitive for smaller companies to acquire and maintain in-house.
- Global Expansion: If your business is expanding into new markets or regions, outsourcing FP&A can provide valuable insights into local financial regulations, market conditions, and risks, ensuring a smooth expansion process.
- Scalability: As your business grows, outsourcing FP&A can easily adapt to your changing needs. You can add or reduce services as required, making it a scalable solution.
- Risk Mitigation: Outsourcing FP&A can help mitigate the risks associated with employee turnover or sudden departures of key financial staff. The outsourcing provider typically ensures continuity of services.
- Strategic Analysis: When you need in-depth financial analysis, scenario planning, or strategic insights, outsourcing FP&A can provide access to experienced professionals who specialize in these areas.
- Data Security and Compliance: Reputable outsourcing firms often have robust security measures and compliance protocols in place to protect sensitive financial data, which can be especially important for businesses operating in regulated industries.
- Quick Implementation: Outsourcing FP&A services can be implemented relatively quickly compared to the time it takes to recruit, hire, and onboard in-house financial analysts.
- Specialized Projects: Businesses may require specialized financial analysis for one-time projects, such as mergers and acquisitions, fundraising, or process improvements. Outsourcing can provide experts with the required skills for these projects.
Outsourcing FP&A is right for a business when it aligns with its strategic goals, cost-saving objectives, and specific needs. It offers flexibility, expertise, and scalability, making it a viable option for companies of various sizes and industries, particularly when they want to focus on their core operations and leverage external financial expertise.