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 startup, you face specific finance and accounting challenges. Our team of specialists knows them all. 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.
Much more than basic bookkeeping
Bookkeeping services, while cheap, do way less than you actually need. With us, you get GAAP accounting, equity administration, payroll, management and Board reporting, plus many more services. We help solidify your business, protect you from pitfalls and penalties, and set you up for funding success.
Committed employees, not contractors
Most firms throw warm bodies at you and hope for the best. We support you with close-knit teams of full-time Engine Room employees, based in the US. They’re deeply versed in our approach to finance and accounting for life science companies, 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 Board meetings, audits, planning, fund-raising and tons more. You can 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 finance and accounting 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, often at great expense. With us, your data is always your data, like it should be.
Proven processes, systems and controls
Don’t create processes, systems and controls from scratch. Use ours instead. 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.
An easy on-ramp to NetSuite
As an authorized BPO, we can help you tap the power and efficiency of ERP. When the time is right, we’ll get your life science startup up and running in NetSuite, simply and inexpensively.
Plug and play
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.