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Outsourced Accounting Supports External Audit Requirements for Early Stage Biotech Mantra Bio
Mantra Bio, an early-stage biotech company, faced the intricate challenge of maintaining accurate financial records centered around equity-based transactions during its pre-seed fund stage. Ed O'Sullivan, the driving force behind CFO Connect, stepped in as a fractional CFO to steer Mantra Bio through the complex financial landscape, emphasizing the pivotal role of appropriate accounting practices and regulatory adherence. Partnering with Scrubbed, they aimed to streamline the auditing process, a critical aspect of reporting to investors.
Download the case study to learn how CFO Connect and Scrubbed's collaborative approach and industry expertise transformed Mantra Bio's financial operations, enhancing the accuracy and efficiency of financial reporting.
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What You'll Learn
- Unique financial dynamics of the pre-seed biotech sector necessitated a partner with deep industry knowledge.
- CFO Connect's Ed O'Sullivan brought a philosophy of targeted improvements, focusing on uplifting necessary areas without causing disruptions.
- Scrubbed's expertise in financial reporting became a cornerstone in Mantra Bio's growth trajectory, ensuring accurate and detailed financial reports for smoother audits.