Managing finances for your business doesn’t have to be tedious or complicated. LBMC W Squared delivers transformational value through process excellence, integration, automation, benchmarking, and decision support. We provide the people, systems, analysis, and reporting to track your expenditures and income. Here are just a few of the ways we can improve the way you manage your company. Services include:

• Month End Close and General Ledger Management (hard close with balance sheet reconciliations)
• Accounts Payable and Accounts Receivable Processing
• Cash Management (managing and investing)
• Electronic Payments Capability
• Multi-Entity Consolidation & Segment Reporting
• Comprehensive Financial Statement Reporting (Operational Analysis, KPI’s, Board Package)
• Tax & Audit Package Preparation & Assistance

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
• Maxio
• Bill.com Payments Platform
• Expense Reporting Tools
• Document Management & Workflow
• Ipreo Equity Ownership Platform
• Multi-Entity Management
• Data Integrations
• Advanced Reporting

Our Strategic and Financial Management leadership team has built, managed, and turned around accounting departments across a wide spectrum of industries. We provide scalable solutions for companies of all sizes, and we work with our clients to develop and execute strategies that produce results. Let us take the stress of managing costs and income off your shoulders – so you can focus on your core business and making it grow.

• Comprehensive Financial Analysis (Budgeting, Forecasting, and Pro Forma Analysis)
• Preparation & Process for Future Monetization Event (Recapitalization, Acquisition, or IPO)
• Investor/Board Strategy & Communication
• Relationship Management with Private Equity/Venture Capital Partners
• Investor Pitch Development
• Capital Funding Strategy

Situation
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.

Approach
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.

Outcome
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.