June 4, 2018 | 9-minute (1649 words)
In the startup world, most founders find themselves wearing multiple hats. ...
Expenses that are left unorganized and neglected can throw your whole operation out of whack. Our financial services team will ensure that your bills, expense reports and credit cards are monitored and taken care of in a professional and timely manner. Done.
We provide accurate, timely payments for all recurring and nonrecurring bills. Our financial outsourcing services team provides verification and approval of bills from suppliers, making sure to reconcile them with services/goods receipts and purchase orders.
As part of our financial outsourcing services, our bill-paying services comprise:
financial services.
Our financial accounting services team manages your accounts payable entries, ensuring vendors and suppliers are paid on time. We also make sure your balance sheet stays on track and up to date
We check your credit card statements to verify all transactions made through your corporate card are accurately reflected on your balance sheet, keeping financials secure as part of our outsourced financial services.
We’ve been working with Escalon Services for quite some time now, and we couldn’t be more pleased with their performance. Their team consistently demonstrates exceptional responsiveness, which is invaluable in our fast-paced business environment. Whenever we have questions or need assistance, they are quick to address our concerns and provide solutions.
Paolo Ghisolfi, VP Finance at Flaviar
VP Finance at Flaviar
Coming out of bankruptcy and rebuilding essentially a new business from the ground up. While the consumer side of the business still operated as if nothing had changed, was a challenge. The benefit of bringing Escalon was that they assigned a full-time resource who rolled up his sleeves to dig into the weeds to figure out what was going on in conjunction with the team that they put in place.
Matt Preston, Controller, TRX
Controller, TRX
They’ve been able to offload a bunch of work that’s on my plate and the controller that has been assigned to our account, I trust her a lot, I trust her ability to manage the team, manage the work, get to the right answer without me needing to dive in a lot so it’s been really great on that point.
Chris Hill, Global controller, Sectigo
Escalon has been a valued partner across several of our businesses, as we’ve scaled, they have been instrumental in helping us sustain the growth and build financial functions. I’d happily recommend their services for any startup, or growing company in and around entertainment!
Benji Madden, Co-Founder of Veeps
Escalon allows us/allows me not to worry about the back office accounting function at the end of the day. We really see Escalon as an integral part of our business as part of our team honestly, sharing in the success of us, growing the business tremendously, and helping us all along the way.
Bill Brownie, CFO of Eargo
One of the things that I know has been very helpful is keeping the expenses low on the accounting and financial side of my startup, so that I can focus primarily my efforts on the development of the product, research/development, and clinical studies.
Mitch Levinson, Cerebrotech Medical Systems Co-Founder & CTO
Outsourced financial services implies using a third-party service provider that acts as your own financial team. This service provider handles all or some of the financial processes of your business depending on your needs — from bookkeeping, account reconciliation, financial data analytics and taxes to CFO services. Outsourced financial services can help you streamline your financial and accounting operations while benefiting from significant cost savings.
Businesses use outsourced financial services for these benefits:
These three essential business practices are ideal to outsource:
By outsourcing these tasks to a qualified provider, you can free up valuable time and resources while feeling confident your financial records are accurate, timely and compliant.
Financial and accounting services is the most common financial outsourced service.
Yes! A specialized accounting outsourcing firm can give you back time and peace of mind by taking care of such back office functions as finance and accounting so you can focus on growing your business. It also allows you to enjoy benefits including cost savings, security and confidentiality, access to the latest tech tools, among other features.
Monitoring the performance of an outsourced finance and accounting company is important for any business, to ensure that the work is being done effectively and efficiently. You can follow these strategies to monitor performance:
Get expert advice on every topic you need as a small business owner, from the ideation stage to your eventual exit. Our articles, quick tips, infographics and how-to guides can offer entrepreneurs the most up-to-date information they need to flourish.
We provide you with essential business services so you can focus on growth.