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Light City, London

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00 (123) 456 78 90

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Bookkeeping services for a US-based generative AI startup

Customer is a leading generative AI startup with operations in the US. 

Required financial oversight & compliance
Delivered customized management with precise, time-bound implementation
60% cost reduction achieved
Standardized financial reporting framework established

Domain

Finance: End-to-end bookkeeping services and financial management support. 

Tech Stack/Tools

GAAP standards, QuickBooks, Excel, Automation using Python

Team size

4 professionals with 25+ years of cumulative US market experience

Problem Statement

  • End-to-end management of bookkeeping services for the AI startup
  • Revenue reconciliation and compliance with US GAAP standards
  • Management and investment reporting requirements
  • Need for budgeting and forecasting processes
  • Solution

    Our team took over the entire financial management and the ownership of the bookkeeping processes as per the business requirements. Our team understood the business requirements, the existing financial architecture, the reporting process and the on-going support requirements. These are delivered in a time-bound manner as per agreed SLAs.

    Results

  • Delivered 60% cost savings compared to previous solution
  • Compliance with US GAAP standards delivered in 3 months
  • Developed a predictable process for revenue reconciliation, monthly closing, and financial reporting
  • Continuous improvement of existing budgeting and forecasting processes by making it suitable for business growth
  • Seamless 24*7 support for customers, while balancing time to market and uptime
  • Conclusion

    Our team works closely with the client to prioritize business requirements, architect scalable financial solutions and implement time-bound monthly closing processes.