Mastering Due Diligence: A Guide to Strategic Record Keeping

Record Keeping

In the dynamic landscape of early-stage business endeavors, meticulous documentation management is the key to unlocking a pathway to successful fundraising or acquisition. By refining their approach to record keeping, burgeoning companies can significantly enhance their prospects. The seemingly straightforward act of organizing and storing documents can, in fact, become a catalyst for expediting transactional…

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SAAS Metrics and Why They Matter

SaaS Metrics

Software as a Service (SAAS) is a unique business model that requires a particular set of metrics to understand better if the business is thriving. Many different places on the web can help a company calculate these metrics; what we plan to discuss is why those metrics matter and the key factors to consider when…

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Direct vs. Indirect Cash Flow Statements

Cash Flow

Most founders understand the Income Statement (Profit and Loss) and Balance Sheet, but the indirect Cash Flow statement, as taught in classes, can be a mystery. And in a SAAS business, another cash report, the direct cash flow statement, is the best indication of the health of your startup. Indirect Cash Flow Statement The indirect…

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Budget vs. Actual Analysis

The budget versus actual statement is a crucial measuring device for the Financial Planning and Analysis (FP&A) team. The best-run teams create these reports monthly (and quarterly/annually), comparing actual vs. the budget and against any updated forecasts. The budget vs. actual report should also include the metric drivers of the business in addition to the…

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Forecasting Best Practices

Forecasting Blog

Forecasting and budgeting are often used interchangeably, but the discussion below primarily applies to updating the budget with an improved forecast. I would consider the “Budget” a quarterly or annual plan approved by the board of directors or management team. The “Forecast” is an updated budget version that includes actual results and adjustments to future…

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Why You Need a Fractional CFO

Fractional CFO

First time CEOs, or founders that haven’t been in an organization with a strong finance team, are often unsure of the benefits provided by a CFO or when they need that help. A strong fractional CFO helps the CEO well beyond the administrative side of the business.  Strategic Planning CFOs consistently look forward, searching for…

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Who To Hire And When?

Tim Debone article Who To Hire When

While there are no hard and fast rules, below is a guide on the recommended hiring plan for high-growth start-ups. The order is designed for a standard B2B tech company, but the order may changebased on your business. Companies with large invoice volumes or complex payrolls may need moreaccounting help early, or companies in the…

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Finding the Right Bank for Your Technology or Innovation Business


Recently, several US-based banks heavily focused on serving the technology and innovation sectors have been in the news due to closures and asset seizures. We are aware that many of the clients we assist keep their deposit accounts with these banks. In response to the recent issues at these banks, the US government has taken…

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Bagchi Group Attends The NASDAQ Closing Bell Ceremony On Behalf of Ascend

Bagchi Group at NASDAQ

Ascend is the largest Pan-Asian business professional membership organization in North America. Its mission is to drive workplace and societal impact by developing and elevating all Asian and Pacific Islander (API) business leaders and empowering them to become catalysts for change. The Ascend organization offers impactful career lifecycle and cross-industry leadership programs and networks that…

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The Role of a CFO and What a CFO Needs to Excel in a Crisis

Financial Services from Bagchi Group

A crisis comes in all forms. Some are company-specific, while others are industry-specific. They can also be specific to geographical location or global. Regardless of the type of crisis, the Chief Financial Officer or CFO plays an important role, if not the most crucial role during these times.  The Role of a CFO  The CFO’s…

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