Which finance and accounting partner can give me exceptional life science expertise?
Engine Room can. We’re life science specialists who know the specific finance and accounting challenges and requirements life science startups face. We’ve helped more than 300 venture-backed life science companies grow intelligently, fly past milestones and achieve startup glory. You’re in safe hands.
Is basic bookkeeping enough for my life science startup?
No. Bookkeeping services, while cheap, typically provide way less service than you actually need. Engine Room gives you GAAP accounting, equity administration, payroll, management and Board reporting, and many more services. We help solidify your business, protect you from pitfalls and penalties, and put you on the path to funding success.
Why do I want an accounting partner with committed employees, not contractors?
As Engine Room employees, our specialists are tightly integrated and deeply versed in our approach to finance and accounting for life science companies. They come armed with our proven systems, processes and controls, and provide exceptional long-term continuity as you grow.
What if I want both precise execution and CFO-caliber guidance?
When we become your high-powered finance and accounting department, your business runs smoothly and your books are clean. We also give you direct access to CFO-level strategic guidance on Board meetings, audits, planning, fund-raising and tons more. You get to focus on your science, and rely on us for the rest.
Can you be my finance and accounting partner all the way from seed round through IPO, and beyond?
Yes, absolutely. Engine Room’s support grows alongside you, from your early rounds all the way through your end game — whether that be merger, IPO or commercialization. You get the right level of finance and accounting services you need at each stage, plus the stability and efficiency of long-term continuity.
Does Engine Room give me complete ownership of my data?
Yes, we do. A lot of outsourced accounting firms treat your data like it’s theirs. When you decide to move on, you can’t access it. You’re forced to spend time and budget to recreate reconciliations, supporting docs and more. With us, your data is always your data, like it should be.
Does Engine Room come with proven processes, systems and controls?
Yes. Instead of creating processes, systems and controls from scratch, you can use ours. They’re powerful, streamlined and tuned to the needs of life science startups. And they become your sophisticated finance and accounting infrastructure when you graduate from Engine Room.
Can you give my life science startup an efficient on-ramp to NetSuite?
Yes, indeed. As an authorized NetSuite BPO, we can help you tap the power and efficiency of ERP. When the time is right, we’ll get you up and running in NetSuite, simply and inexpensively.
Is it easy to transition to working with Engine Room?
Absolutely. It’s fast and painless to turn us into your finance and accounting nerve center. It can happen as quickly as a couple weeks. Suddenly, you’re free to focus maximum energy on your most core task — developing your breakthrough science.
How is Engine Room leveraging AI for clients?
We’re studying the best ways to leverage the efficiencies of AI on behalf of clients, while also adhering to the strict demands of compliance and data security. As AI-supported procedures are thoroughly vetted, we will begin rolling them out.