CASE STUDIES

Without delay, CLP experts got to work setting up a payroll system and processing each employee individually. Though the prototypical issues with cash flow that plague many startups’ early days presented themselves, our experts worked closely with company leaders – often juggling a myriad of different expenses – to ensure that payroll went smoothly from day one of operations. Our team then custom designed an accounting system focused on maximizing profit, as well as established a baseline for internal controls and procedures to support future growth. An accounts-payable system was also set up through bill.com, allowing us to reconcile the firm’s financials each month and provide updated, timely reports to the executive team.

Additionally, Company Launch Partners plays a key role in this company’s billing and collections process, staying closely involved in not only transactional operations but day-to-day cash management practices as well. Our team ensures that incoming cash is never delayed, invoicing customers and handling all other obstacles that may present themselves in the process. With the untimely arrival of COVID-19, our experts were instrumental in the filing of a PPP loan application with the SBA, ensuring employees were taken care of even during this time of severe instability.