Stephen Sehy

Principal, CFO at CaaS for SaaS CFO Services (CFO as a Service for Software as a Service companies)

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Stephen Sehy's Summary

CaaS for SaaS CFO Services (CFO as a Service for Software as a Service companies) Providing affordable fractional CFO services to Software as a Service (SaaS) companies who are looking to obtain Series A or other funding or to retain the funding they have. This service enables a company to add a CFO to its team at an earlier stage in its life cycle. Typical Services: Will move company accounting to GAAP, "audit ready" processes and systems. Will take responsibility for all aspects of finance and accounting and the finance team. Review of all accounting and billing systems and processes. Improve company accounting and processes to allow for an equity investment, including preparing for a financial audit. Work with management to obtain or maintain short and/or long term financing. (Show that your management team has finance expertise.) Track and forecast cash flow. Implement accounting systems to properly prepare GAAP financial statements for review or audit. Review compliance (including income and sales tax) Coach and train finance team staff. Provide counsel and support to management. Use remote tools to provide services off-site. Basic Approach: 1. Review current policies and systems and make recommendations regarding changes and projects. 2. Manage changes and projects 3. Setup an ongoing CFO presence work with investors and to maintain policies, controls and systems.