Outsourced controller services
The complexities of your finances increase as your business grows, but your time dedicated to it doesn’t have to.
Why startups choose Mighty for controllership services
Run a tighter month end close
Controllers are essential to the ongoing functions of a growing company. Without their oversight key financial details may be missed.
Instant expertise
Don’t waste time learning how to first gather financial information, then learning how to interpret it. Allow our controllers to handle that while you grow your business.
Predictable (and Affordable) Costs
Fractional availability means less money spent while getting the work you need done in an efficient manner. With our fixed packages, you can expect predictable billing month to month.
Controller Services
Our team is rooted in B2B tech. Having come from that world, we came together to provide founders and investors what they really need: clean, accessible, and timely financials to help make decisions faster.
MONTHLY REPORTING
We’ll oversee an efficient month end close process. A standard three-statement financial reporting packet, including: balance sheet, income statement, and statement of cash flows, gets delivered to you monthly.
You’re in Good Company
Signs that your business needs outsourced controller services
Outsourced controllers bring expertise and efficiency to your financial operations, helping your company navigate complex financial tasks effectively. If your company is experiencing any of the signs below, it may be a strong indication that outsourcing controller services would be a beneficial option to consider:
Struggling to Close Books on Time
If your company is consistently struggling to close its books on time, it might be a clear indication that you need outsourced controller services. An outsourced financial controller can oversee your accounting process, ensuring accurate and timely recording and reporting of transactions. This is particularly crucial for companies with reporting obligations to investors, banks, or other stakeholders, as it helps maintain transparency and credibility.
Cash Flow Issues
Small businesses with limited resources may find it challenging to hire a full-time controller. In such cases, outsourcing controller services can be a cost-effective solution. By doing so, you gain access to the expertise of an experienced controller without the hefty price tag. A quality controller can also assist in optimizing your operating cash flow, potentially resolving cash flow issues.
Disorganized Books
Growing companies often face challenges in maintaining organized and clear financial records. Outsourced controller services can be used as needed or on a part-time basis to bring clarity to your business performance metrics. This flexibility is particularly beneficial during periods of growth when it's essential to have a solid grasp of your financial health.
Raising Funds
When your company is in the process of raising capital, outsourcing a financial controller can be a strategic move. An outsourced controller can efficiently manage your bookkeeping, accounting, and reporting, ensuring that all financial statements are prepared promptly. They can also assist in creating compelling presentations for potential investors, highlighting your business's unique value propositions and attracting investment.
Preparing for a Merger or Acquisition
Mergers and acquisitions entail complex financial analysis and reporting, which can be overwhelming when you're focused on running your business. Hiring an outsourced financial controller can provide invaluable support during this critical phase. They can help you understand how the transaction will impact your business and supply timely information to make informed decisions regarding the merger or acquisition.
Outsourced CONTROLLER FAQs
Companies that are beginning to see increased complexity across the business will benefit from a controller’s expertise. Post-seed is often a time where you will need to begin tracking a budget and reporting to external shareholders. Having the information you need at your fingertips (without having to put it together yourself) will help keep conversations smooth and steady.