Every business needs a finance team, but most couldn't afford it until we came around
Our "Embedded Solutions" approach delivers the 3 things every business needs to scale:
Traditional outsourced solutions such as bookkeepers and fractional CFOs are ok for small businesses where the stakes are low, but what happens when the stakes are higher and investors have high expectations?
The historical solution for the finance function was to move away from traditional outsourced services toward a more expensive, but more engaged in-house team. This came with increased risk, management burden, training requirements, increased ramp time and higher cost. This investment didn't always produce the results needed - people quit or don't work out.
Upward Insights delivers the benefits of a highly engaged and trained team at a lower cost by embedding our team inside our client's businesses. The UI team is trained, managed and incentivized by Upward Insights but they build and manage our client's businesses.
We embed our team inside of our clients' businesses and help build and operate the Finance Department as if it were our own - even if the department is already partially staffed with internal talent.
Traditional bookkeeping is enough to file taxes, but it's not enough to manage and scale a business. We deliver financial insights above all else and focus our accounting and finance services to enable business decisions.
We build custom financial models and forecasts designed to predict future cash flows for nearly all of our clients. This proactive approach enables us to look forward rather than backward.
Budgets are not the same as a forecasts - even "pros" don't understand this. Budgeting is a resource allocation exercise that gives managers autonomy and clarity. We build and manage budgets for our clients and are actively engaged in helping allocate resources in the right areas of the business.
We establish simple rule-based policies and internal control procedures that safeguard financial resources and prevent unauthorized spending. This is the backbone of financial management.
We utilize the most modern and cost-effective software tools and deploy them inside of our client's businesses. We configure the software tools and design (and document) processes that align with the internal controls and management practices.
We've gathered years of experience and knowledge that we're constantly sharing with our clients as both peers and advisors.
But we don't just advise, we become actively involved in the business on the daily basis and help manage it. Our clients don't "come to us", we're already there every day.
We cannot function in a world where integrity does not exist, because the success of our business is dependent on trust - trust we get and give to colleagues, customers, and partners. Our integrity builds trust.
Self-Improvement is an exhausting and frustrating life-long process but if we stop improving and progressing, we will wither and die in oblivion, indifference, and inaction. We have to find the energy within to constantly improve.
We must perform and deliver on our objectives and impact of our work must bring exponential impact for our clients. It is hard work but it brings us closer to our vision.
When designing solutions, we aim for minimalism - to us minimalism is the combination of the beauty present in both simplicity and complexity - minimalism is the best of both worlds, not the absence of something.
UI was founded for many reasons and one of them was that we wanted to create new frameworks, infrastructures, and ways that changed how businesses worked and achieved their objectives. We must strive for creativity and innovation within our own industries.
We do not stand on the sidelines; we dive deep into a problem and solve it, we lead the way into the tough problems and tackle them head on.
If we commit to a task, we get it done. Our word is our bond. If we don’t for some reason, we adjust expectations and communicate
There are absolutely no compromises in Quality when it comes to our work! We take pride in it, and we feel proud to present our work.
We'll get things done as fast as possible, as cheap as possible with the best quality possible
Efforts without results don't matter. That's just how the real world works and how our clients judge us. If we spend an hour working for a client, our client should see an hour worth of results.
We get things done right and on time. Professional at all times. We communicate frequently and minimize the number of meetings to the lowest possible. We're efficient and don't waste time or resources.
That's how we communicate
We're hired for results and outcomes. Everything we do has an outcome and a result in the following form: a document, a work product, information, or a communication
We've designed our business model to give clients an entire accounting and finance department, including playbooks, processes, systems and a highly engaged team to deploy and manage it.
We are not just another "bookkeeping" or "fractional CFO" service... we're a new type of Management Company. We are the next step up.
We believe that most organizations require a well-functioning infrastructure to be able to operate and compete in the marketplace
Most infrastructures can be broken down into the following general categories:
Most organizations, regardless of size, need both high and low experience talent to maintain the existing operations, while also moving the organization forward. Finding, training, managing, and incentivizing the right talent mix in an ever changing environment is exceptionally difficult.
Whether its a software or a well-build spreadsheet, systems are required to operate the business efficiently. The alternative is doing everything manually, which is very expensive
Everyone says "We Have Processes" until you ask them to show you the document outlining the process. Processes must be documented, the alternative results in a chaotic and inconsistent infrastructure.
Every component of the infrastructure is evaluated on the following characteristics: