Compass East differentiates itself in three key ways:
Bottom-Up Approach - The only way to provide valuable strategic services is to ensure the financial infrastructure is built from the ground up. During our Discovery and Implementation process, Compass East works with our clients to clean up the books, redesign the Chart of Accounts, implement the latest in cloud-based financial software, and develop best practice processes and workflows to establish a scalable financial operation. We ensure financial data is accurate and actionable to best inform strategic discussions.
Bridging the Gap Between Finance and Accounting - Connecting historical information to future projections. It seems pretty simple, but most firms simply do not do this. Traditional accounting firms will provide your monthly financials but can’t support forward-looking forecasting and strategy. Outsourced CFOs can put together financial models, but without historical data and proper reporting infrastructure models are stagnant and not updated with ongoing monthly financial data. The team at Compass East provides a holistic finance and accounting solution that creates the full financial picture for our clients.
Strategic Financial Advisory - Many firms provide accurate financial statements every month, but most do not advise you on what to do with that information. Once Compass East has created a scalable financial operation, we provide forward-looking strategic financial advisory to support our clients with key strategic decisions.
Compass East Services:
Accounting: Bookkeeping, AP and AR Management, Expense Management, Payroll, Revenue Recognition and Deferred Revenue, Controller Reviews, and Financial Statement Preparation.
Finance: Annual Budget Development, KPI Dashboards, Financial Models, Cash Forecasting and Management, Board Reporting, and Fundraising Advisory