Fractional CFO

Our CFO service is tailored for early Seed through Series A startups whose founders are ready to hand-off operational and financial burdens to free up their time to focus on what's most important: customers, product, and team. 

 

We free up founder bandwidth and deliver the tools and processes needed to establish fiduciary accountability, oversight, transparency, and position the company for growth.

Meet Damon

Damon Pender is our fractional CFO for Seed through Series B stage startups. Prior to joining Companyon, Damon was the CFO for 5 venture-funded startups, including two with Companyon Ventures founder, Tom Lazay. He's been in a CFO role for 4 startup acquisitions totaling more than $800M. His startup domain experience includes AI, Fintech, Mobile & Wireless, and Industrial Technology.

The Service

The focus of the service is to build and to maintain your financial model (actuals, projections, key metrics) on a regular basis to keep it relevant and useful.

 

In addition, we free management teams from the burden of critical but time-consuming F&A related tasks, allowing them to focus on strategy and execution.

DESIGNED FOR
SEED STAGE
SERIES A STAGE

"I have worked with Companyon on multiple projects, and it was an easy decision for me to hire them as our fractional CFO. This allows us to spend our time on product and customers, but still stay on top of finances"

Testimonials

The Details

Financial Planning
& Analysis
  1. Budget vs. Actuals Template Set-Up including Executive view, Budget owner view, and Analysis templates

  2. Monthly board reporting package template 

Financial Management
& Controls
  1. ​System of record setup, e.g. QB Online, Paychex, Benefits portal

  2. Internal accounting & finance processes

  3. Financial policies & procedures

Operational Support & Analysis
  1. GAAP-compliant financial reporting for board presentations and investor reports.

  2. Scenario modeling for 

  3. Capitalization table management and options forecasting

  4. Annual Report, regulatory filings including state/federal filings

  5. Management of the third-party activities such as on-boarding of a bookkeeping service, 409a valuations, investor due diligence, and audits.

Budgeting Process
& Procedures
  1. Identifying budget areas of responsibility and owners

  2. Defining budget owner responsibilities and training budget owners

HR, Facilities, Corporate Filings
  1. Managing payroll, 1099s, benefits (and adding free ones you may not know about)

  2. Onboarding new employees, guidance about options grants, vesting, and pricing. 

  3. Managing your Delaware and local state filings. 

WHO WE HELP
OUR SOLUTIONS

Companyon, LLC

50, Milk Street

Boston MA 02109

© 2018 by Companyon.