Outsourced Accounting and Finance
We understand that growth and change can present challenges for businesses’ accounting and financial teams. That’s why we provide expert support to both start-up and mature companies, helping them implement or upgrade their accounting systems and handle trigger events like acquisitions. With our timely and accurate management information and financial reporting, businesses can run smoothly without the need for additional full-time accounting personnel. Private equity funds also benefit from our back-office support, including outsourced CFO services and direct portfolio company support.
Fund managers face a dilemma between direct hiring and outsourcing to meet their operational needs. However, with budgetary constraints making it difficult to build out a full back-office team, many are turning to us for our wider range of experience and ability to assume multiple duties and responsibilities. Our solutions are scalable, efficient, and value-driven, providing our clients with the support they need to achieve their goals.
NEWS ALERT! LBMC W Squared Announces Executive Leadership Team, Names New CEO
Transition Aligns with Growth of LBMC’s Outsourced Accounting Affiliate Company and Increasing Client Demand
LBMC W Squared, LLC, a national leader in the outsourced accounting profession and an affiliate of top business consulting and advisory firm LBMC, is pleased to announce its new leadership team with Chris Morgan as CEO, Michael Smith as Senior Vice President, Accounting Systems and Implementations, and Mandy Kennedy as Vice President, Operations. LBMC W Squared founder Tammy Wolcott will continue to serve in an advisory role for the company, as well as continuing in the CEO role for LBMC Procurement Solutions.
Scalable Finance and Accounting Services
Managing finances can be a daunting task for businesses of any size. That’s why we offer scalable finance and accounting services that deliver transformational value through process excellence, integration, automation, benchmarking, and decision support. Our team provides the people, systems, analysis, and reporting necessary to efficiently track your expenditures and income, freeing up your time to focus on growing your business.
With our services, you can experience significant improvements in the way you manage your company. We offer a range of services, including:
- Month End Close and General Ledger Management
- Accounts Payable and Accounts Receivable Processing
- Cash Management
- Multi-Entity Consolidation & Segment Reporting
- Comprehensive Financial Statement Reporting (Operational Analysis, KPI’s, Board Package)
- Tax & Audit Package Preparation & Assistance
Our solutions are designed to be scalable, ensuring that they can grow alongside your business. By partnering with us, you’ll have access to expert support that can help you make informed financial decisions, streamline your processes, and ultimately increase your bottom line. So why waste time managing your finances alone? Let LBMC W Squared help you transform your financial management today.
Accounting System Software
Your LBMC W Squared accounting team is always “virtually down the hall” and an email away. Some of our core competencies include:
- Intacct / MS Dynamics Great Plains – Enterprise-level software solution
- Bill.com Payments Platform
- Expense Reporting Tools
- Document Management & Workflow
- Ipreo Equity Ownership Platform
- Multi-Entity Management
- Data Integrations
- Advanced Reporting
Strategic and Financial Management
Effective strategic and financial management is crucial for the success of any business. It involves not only managing accounting departments but also making sound financial decisions that align with the company’s objectives and long-term goals. Our leadership team has a wealth of experience in navigating complex financial landscapes, identifying potential risks and opportunities, and developing strategies to maximize profits and minimize costs.
LBMC W Squared knows that every business is unique, and we provide tailored solutions to meet each client’s specific needs. Whether you are a small start-up or a large corporation, we offer scalable solutions that can help you achieve sustainable growth. Our team works closely with clients to understand their business operations and challenges, enabling us to provide personalized recommendations and effective solutions.
We take pride in our ability to provide stress-free financial management services, allowing our clients to focus on what they do best – running their core business. With our team of experienced professionals handling the accounting and financial management, you can be confident that your company’s financials are in good hands. Contact us today to learn more about how we can help your business achieve its strategic and financial goals.
CFO Level Expertise and Strategy
- Comprehensive Financial Analysis (Budgeting, Forecasting, and Pro Forma Analysis)
- Preparation & Process for Future Monetization Event (Recapitalization or Acquisition)
- Investor/Board Strategy & Communication
- Relationship Management with Private Equity/Venture Capital Partners
- Provide tactical and strategic advisory services for financial and business operations
Why clients choose us
Are you a SaaS company looking to improve your financial management?
LBMC W Squared Partners with Maxio
We are proud to announce our partnership with financial operations platform Maxio to further enhance our outsourced accounting solution for clients. Maxio’s software products enable SaaS companies to efficiently manage subscriptions, billing, payment processing and metric reporting. In addition, Maxio’s software solution provides a framework that allows companies to easily scale as the company grows.
View PDF Checklist: Are you struggling with any of these problems?
Demo of Maxio: Learn how we can help you.
Case Study: Finance and Accounting Outsourcing
A Nashville healthcare investment banking veteran decided to start a highly specialized strategic advisory firm just as COVID-19 began to impact business economies around the U.S. Starting a new business as the country was shutting down was not ideal, but they still needed a complete back office. They found one in LBMC W Squared’s outsourced finance and accounting solution and other LBMC business services.
LBMC W Squared was engaged as the client’s finance and accounting department to design and establish the cloud-based accounting, bill payment and expense reporting systems, develop policies and procedures and provide all accounting, procurement, accounts receivable and accounts payable functions. LBMC W Squared was able to stand up the new system, infrastructure and services in April and May, despite a national shut-down, by providing a virtual deployment.
The client was able to open their office, bill their clients, pay their AP, and produce financial statements for operational and regulatory purposes. They reached steady state for monthly activity and financial close in under 6 months DURING a worldwide pandemic. This rapid deployment and successful implementation would not have been possible without the expertise and professionalism of the LBMC W Squared team.
Outsourcing Solution for Accounting and Finance Services
At LBMC W Squared, we value the power of partnership. We understand that different companies have unique needs, especially as they grow and evolve. Whether you’re a start-up seeking a quick solution or an established business navigating the challenges of growth, we offer a comprehensive solution that covers everything from strategy and leadership to simple transactions.
We approach each project with sensitivity and aim for seamless integration into your organization’s culture. We pride ourselves on building trust and delivering definitive outcomes, rather than just offering recommendations. Our collaborative and goal-oriented approach helps companies of all sizes and types, from start-ups to enterprise organizations, mobilize and energize.
Our proven model of business process partnering has resulted in many repeat customers and a strong track record across a range of industries, including healthcare services, professional services, technology, medical devices, and SAAS. Our success is a testament to the effectiveness of our approach, and we’re always striving to improve and achieve even greater results.
- Honesty and integrity guide our behavior and decisions.
- Our commitment to quality and reliability is unyielding.
- Our culture of teamwork generates trust and results.
- We respect the dignity and worth of every individual.
- We lead by doing the right things, in addition to doing things right.
LBMC W Squared’s Leadership
We’re happy to answer any questions you may have on what our experts can do for you. Please send us an email using the form and one of our professionals will get back to you promptly.
LBMC W Squared Office Location:
3 Maryland Farms, Suite 150
Brentwood, TN 37027
Office Hours: 8 a.m. – 5 p.m., Monday-Friday
201 Franklin Road
Brentwood, TN 37027
P.O. Box 1869
Brentwood, TN 37024-1869
605 Chestnut Street, Suite 1100
Chattanooga, TN 37450
2095 Lakeside Centre Way, Suite 220
Knoxville, TN 37922
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