“vcfo has helped us out tremendously. From revenue models to financing decks, their work has always been done on time and done well.”

“At our moment of transition and change in our senior financial leadership, the vcfo team was at our side as our CFO consulting firm. vcfo evaluated our situation and matched our needs with the right virtual CFO on their team. Our company was able to transition to new financial leadership without worry about everyday management reporting. Highly recommended by our attorneys and accountants as a premier CFO consulting firm, the vcfo team was a key component of our transition and our advancement.”

“vcfo has been an invaluable CFO consulting resource for our early-stage, privately held company. Initially, they were charged with developing strong financial and forecast reporting and processes, tax filings and preparing us for our initial annual financial audit with a Big 4 firm. Since 2007, vcfo has worked with us providing exemplary financial leadership across the board, particularly in the following areas:

• Preparing monthly reporting to management, investors and bankers
• Leading company interaction with our outside audit firm, helping bring our annual audit in on time and within budget with no adjustments
• Leading company activities for federal and state tax filings and including management of audits performed by regulatory groups and the favorable negotiation of county property taxes
• Working with our insurance broker to procure the necessary business insurance required for our manufacturing and early-stage company
• Supporting multiple financings by setting up and maintaining electronic data rooms that provide for an efficient due diligence process, and working with our attorney on various legal agreements and reconciliations of capitalization tables”

Think Tank is a cloud based Digital Engagement system designed for leaders and business transformation teams to automate and accelerate time-to-value on mission critical enterprise technology deployments or process change initiatives.

The Challenge
Think Tank approached vcfo in need of a controller with high EQ to fit with the entrepreneurial environment.  Time was a limited factor as the company was growing exponentially and unable to conduct their search over the standard period of three months. The staffing structure also presented a unique challenge. Hiring a controller would make their team too top heavy, as they were still building their team and department.

The Solution
Under the leadership of vcfo’s managing director, Carter Freeman, our team examined Think Tank’s needs thoroughly, getting to know and understand the company’s unique culture. We also researched other Denver area businesses with potential candidates sitting in experienced roles that could fulfill the role. In the short runway for time, we found a high performing assistant controller willing to take on the responsibilities of the role with promise of promotion as the business grew. Sure enough, that assistant controller has since been promoted to senior controller at Think Tank.

The Think Tank solution shows having the right people in the right roles is critical for being able to grow.

“Our CFO is a very strong asset to our company. He brings a unique talent to the table every time he steps in to assist our business, whether it is delivering strategic financial advice, maximizing investment opportunities or ensuring we have accurate financials with good operational explanations and related advice. He delivers on the fundamentals of managing financial operations and delivering results. We maintain a higher standard of financial health because of the involvement of our virtual CFO. He is very practical and experienced and doesn’t waste time in getting results. He is a long-term contributor to our business.”

“I can’t believe how wonderful the entire process has been working with the vcfo Controller and CFO. The three of us worked really well together. No doubt it has been a ton of work, but working with them gave me such a better perspective on so many things with the systems at THBS. Their experience, knowledge and suggestions were beyond valuable. When we started the processes, I could not imagine how in the world they would be able to grasp the complexity of our system integration and all of the trials that we’ve faced over the past two years. But, in no time they were both up to speed and able to make suggestions and implement strategies to get everything audit-ready.”