Biotech Silicon Valley $20m -> $90m startup

Implemented GL and initial financial infrastructure, established monthly accounting processes and reporting cadence for internal and external financial reporting. Set financial infrastructure for successful $70m additional capital raise 24 months after initial $20m capital raise. Timely and accurate monthly financial reporting package with expense and budget analysis exhibits; on regular cadence for a fraction of the cost of hiring/sourcing internally; scalable solution for high growth expectations.

Software technology $20m high growth, PE-backed

Played key financial strategy, FP&A, and accounting roles for SaaS company expansion into US from overseas where product development had begun. US sales went from $5m ARR to $20+m ARR in 3 years. Obtained credit facility through private non-bank financing partner. Helped get numerous term sheets for equity transaction, ultimately raised $20m in cash with a $30m deal at pre-money valuation north of $160m. Oversaw international expansion into Europe, LATAM, and APAC with scalable finance team able to manage complexities of tax, contracting/invoicing, and financing.

Software technology Equity raise 

Started as fractional CFO firm for a SaaS company with ultra-high growth going from $100k MRR to $1.0M MRR in first 90 days of engagement. Complexities of a past reverse-merger and inadequate accounting support put the company behind in building much needed infrastructure to scale. Another major outsourced accounting firm chose to disengage leaving BBA in an easy position to be able to take up all finance/accounting responsibility. BBA cleaned up 6 months of history, accounting for the reverse-merger and implemented scalable infrastructure which allowed the company to go to market with a major investment bank within 4 months; seeing interest from institutional capital at valuations over $100m.

Enterprise SaaS company, equity raise

Provided the US finance and accounting support for a SaaS company that started in India expanding into US that had raised no institutional capital, but 100% operating cashflow financed from day 1. BBA provided guidance on best practice for operating the finance function, and prepared the company for potential equity transaction as it eclipsed $10m in revenue. The team implemented 606 for revenue recognition, accrual accounting, ME close process, and adequate infrastructure to report GAAP financial statements and prepare the company for its first financial audit.

P&C Insurance, non-standard auto

Held fractional CFO title for a managing general agency (MGA) in the non-standard auto business; streamlined carrier reporting, developed a weekly close process for all premiums, commissions and LAE for both accounting and cash settlement. After 6 months, the BBA operations team helped reduce the monthly cost of accounting by 70% through a faster, more efficient and lower cost close.

P&C Insurance, non-standard auto

BBA started out by augmenting the accounting team within a large MGA group and after catching up and cleaning up over 100 cash account reconciliations and streamlining the cash close, moved on to support other segments with similar transformative work.

UK Fin Tech launch of US operations

Advised CEO on startup of operations in the US including banking, HR/benefits, payroll, equity, tax, and accounting infrastructure. Developed loan book reconciliation process with operations, and a cost efficient and fast monthly close process.

Real estate asset and property manager

Holding around 35 properties in the Healthcare space; in need of CFO and accounting support at low cost.

A real estate asset and property manager 

Holding around 40 multifamily properties ranging from a few dozen units to almost 1,000 units across the nation, the existing CFO and internal accounting team needed help maintaining cash on daily basis, reconciling timely, and giving better inputs into cash flow forecasting for properties.

Group of startup real estate companies

Which branched off of an established residential realtor operation; focus was construction of commercial projects, investment and remodel of multifamily and residential multifamily development. Needing low cost / fractional accounting and CFO/controllership support.

PE portfolio company turnaround

Private equity owned, $300m frozen foods manufacturer; high cost of labor in CA; low margin business had discontinued ¾ of business within 12mo in efforts to save profitable segment; BBA provided outsourced FP&A, controllership and support to the CFO. Was able to scale up and down as needs changed quickly; ultimately refinancing the company and successfully closing an exit for private equity.

CPG Food startup 

A startup health food products company which manufactured, packaged and sold food products made from sunflower flour, direct to consumer as well as through wholesale/grocery channels. Minimal staff internally and needed help with accounting and regular monthly financial reporting.

PE owned dental service organization (DSO)

With 20 locations grew by acquisition to over 70 locations with BBA offering low-cost accounting support as well as augmentation to FP&A. With some turnover in key positions BBA was also utilized to fill roles on an interim basis in a seamless manner as the team already engaged covered gaps.

PE owned dental service organization (DSO)

With 35 looking to grow by acquisition, with BBA offering low-cost accounting support as well as augmentation to FP&A. Focus on cash and accounting process improvement, and improving visibility to cash with better cash flow forecasting.

PE owned dental service organization (DSO)

With 40 locations looking to grow by acquisition, with BBA offering low-cost accounting support. The BBA team was engaged to help assess cash close, insurance accounting / reconciliations of EOBs, and better utilization of existing systems / platforms to help increase efficiency for the team as the company prepared for growth.

Counseling practice

Full back-office support for mental health practitioners supporting billing / payment processing, payroll, and month end close support with an extremely cost efficient model.

Analytics Consulting firm

$25m consulting firm growing quickly in the IT/Data space; in need of maturity in FP&A, budgeting, cashflow forecasting to set direction for organization and align cross-departmentally.

Contingency fee law firm

Law firm with strategy specifically in products liability contingency fee cases; scaling in personnel and docket; initially needed financial modeling/forecasting capabilities which bookkeeper did not have; later transitioned all accounting work to BBA once the firm outgrew the bookkeeper.

Contingency fee law firm

Law firm focused on financing contingency fee mass-torts cases; deployed capital into a couple hundred cases within a few case strategies, needed accounting and FP&A support as the operation was run by a small group of attorneys Litigation finance fund management – Fund manager for multiple closed-end litigation finance investment funds which started in 2019 and raised around $20m in capital; funds were run by a small team of attorneys; needed accounting support, modeling, FP&A and investment relations/fund  administration support.

Litigation finance fund management

Fund manager for multiple closed-end litigation finance investment funds which started in 2019 and raised around $20m in capital; funds were run by a small team of attorneys; needed accounting support, modeling, FP&A and investment relations/fund administration support.