How to scale your finance stack
Make sure your startup’s finance evolves as the business scales.
In this newsletter we talk about various systems to be built when you scale the business.
Stage: Seed
Focus: Accounting & Tax
At the earliest stages, startups need to focus on getting their accounting and tax set up correctly, and implementing basic financial systems, controls, and reporting.
Action Steps:
Stage: Pre-Series A
Focus: Modeling & Fundraising
The next focus is to build long-range plans to validate business model and unit economics and prepare to raise their Series A.
Action Steps:
Stage: Series A
Focus: Financial Planning & Analysis
At Series A, startups should implement robust planning and reporting processes, whereby they establish financial plans, report on financial results against plan, and regularly update forecasts.
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Action Steps:
Stage: Series B+
Focus: Scaling Strategic Finance
Key finance needs for startups at Series B and beyond can include more detailed analysis of financial metrics and performance data, M&A, and international expansion.
Action Steps:
Remember, creating a scalable finance team is more than just adding team member.
Reach out to our expert can to understand how Jordensky can assist you with scale finance back office.
Stay financially savvy!
Akash from Jordensky
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