What happens when a company’s growth starts accelerating rapidly after a decade of operations? It’s a great, “first-world” issue, but it also means new challenges and opportunities for the finance, accounting and strategy of an organization. After an “aha” moment, Ideas United, which leverages a global network of creative talent to create branded video content and original video content for some of the world’s largest companies, wanted to expand into new verticals and raise a first round of outside capital.
Ideas United engaged TechCXO and Finance & Operations Partner Jason Scherr to provide finance, accounting and strategic services. TechCXO inserted a fractional CFO, VP Finance and Controller to attack the newly emerging finance and accounting related challenges and opportunities. As a fully outsourced finance/accounting department, TechCXO implemented its best practice process, systems and methodologies to support Ideas United’ multi-year growth at a fraction of the cost of full time employees.
TechCXO led all internal finance/accounting activities in addition to strategic capital planning and capital raising.