CFO Services Case Study

Rev.io

Rev.io built the financial foundation it needed to raise capital, scale operations, and move confidently into its next chapter.

“Neal brought clarity, organization, and a strategic perspective that helped us build the financial foundation needed to scale.”

— Brent Maropis, CEO, Rev.io

Overview

Rev.io is a billing and customer management platform built for recurring revenue businesses in the communications, IoT, and managed services industries. Known for its flexible, cloud-based technology and service-first culture, Rev.io helps growing companies automate complex billing, improve operational efficiency, and accelerate time-to-cash.

With demand accelerating and new growth opportunities on the horizon, Rev.io needed to professionalize its finance function to keep pace with the business. That meant better visibility, tighter controls, and the strategic leadership to support a capital raise and beyond.

Challenges

At the time of engagement, Rev.io faced the challenge of:

  • Operating with an understaffed and underdeveloped finance function
  • Lacking the reporting accuracy and consistency needed to support executive decision-making
  • Preparing for a potential capital raise without a strong financial infrastructure in place

Leadership knew they needed more than just bookkeeping support. They needed highly experienced financial guidance and scalable systems.

Goals

To prepare for its next stage of growth, Rev.io needed to:

  • Establish consistent financial reporting and cash forecasting processes
  • Develop a comprehensive budget and KPIs aligned with company priorities
  • Build the financial foundation required to secure and manage outside investment

Solutions

Enter Neal Miller, Fraction CFO at TechCXO. With extensive experience leading finance for high-growth SaaS companies, Neal quickly embedded with the leadership team and delivered a right-sized plan designed for operational clarity and investor readiness.

Under Neal’s guidance, the Rev.io team:

  • Implemented structured budgeting and forecasting processes
  • Introduced a KPI framework to track performance across departments
  • Improved cash management and visibility for more informed decision-making
  • Prepared financials and materials for a successful capital raise
  • Selected appropriate strategic partners and helped secure a $2.5M credit facility

As fractional CFO, Neal Miller served as Rev.io’s lead finance partner, led the transformation that helped the company mature its financial operations, navigate its first successful capital raise, and prepare for continued expansion and long-term growth.

Outcome

With TechCXO’s support, Rev.io gained the financial clarity and operational discipline needed to accelerate its next stage of growth. The company successfully raised a $2.5 million credit facility, providing the flexibility to invest in product innovation and expansion.

More importantly, Rev.io’s finance function evolved from reactive to strategic. With forecasting, KPI tracking, and board-ready reporting in place, the company could scale with greater confidence and attract the kind of capital partners that reward disciplined growth.

Operational visibility

From ad hoc reporting to disciplined financial management, Rev.io gained the insights and controls needed to proceed with confidence.

Growth readiness

With a stronger financial backbone and a successful capital raise, Rev.io is well-positioned for its next chapter of expansion.

“Neal brought clarity, organization, and a strategic perspective that helped us build the financial foundation needed to scale.”

- Brent Maropis CEO, Rev.io

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