Forget about bookkeepers, rent-a-CFOs, fly-by-night contractors and offshore outsourcing. We become your fully staffed, right-sized finance and accounting department — and your strategic CFO. Here are nine ways we’re superior to other so-called solutions:
Serious life science expertise
As a life science start-up, you face specific challenges. We’re well versed in them all. Our team is stacked with life science veterans. You’re in safe hands.
Much more than a bookkeeper
Bookkeeping services, while cheap, do way less than you actually need. With us, you get payroll, benefits, equity admin and many more services that solidify your business, set you up for funding success and protect you from pitfalls and penalties.
Committed employees, not contractors
Most firms throw warm bodies at you and hope for the best. We support you with tight-knit teams of people who are full-time Engine Room employees, based in the US. They’re deeply versed in our approach and tightly integrated. This is big.
Precise execution plus CFO-caliber guidance
When we become your high-powered finance and accounting department, your business runs smoothly and your books are clean. You also benefit from CFO-level strategic guidance on everything from board meetings to audits to planning to fund-raising. You focus on your science, and rely on us for the rest.
One partnership, from seed round through IPO, and beyond
We’re built to grow as you do, from your early rounds all the way through your end game — whether that be merger, IPO or commercialization. You get just as much support as you need at each stage of your growth, plus the stability and efficiency of long-term continuity.
Complete ownership of your data
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 left to recreate reconciliations, supporting docs and more. With us, your data is always your data, like it should be.
Proven processes and systems
Don’t create processes and systems from scratch. Use ours instead. They’re powerful, streamlined and tuned to the needs of life science startups. And they become all yours when you graduate from Engine Room.
An easy on-ramp to NetSuite
As an authorized BPO, we can help you tap the power and efficiency of ERP, simply and inexpensively. When the time is right, we’ll get you up and running.
Plug and play
It’s fast and painless to turn us into your finance and accounting nerve center. Suddenly, you’re free to focus maximum energy on your most critical task — developing your breakthrough science.