Accounting on Demand for Mid-Market Organizations

A 2009 study by CFO Magazine reports that the average mid-sized organization is spending $1.2 million annually to maintain their on-site enterprise resource planning (ERP) solutions, which are largely financial-software centric. When coupled with record staffing turnover, changing employee requirements and a growing array of new accounting compliancy needs, it no longer makes sense for mid-sized organizations to lock themselves into technology and employee contracts.

Corefino customers can reduce costs by up to 40% per year by using our 'Triple Play' solution to handle their organization’s routine accounting in the new, proven accounting on demand framework. And because it is not a software vendor, but an accounting solutions enabler – it is software agnostic. Corefino is partnered with many SaaS accounting solution providers; it will match the right technology solution, to the right people and the best practices ….that are right for growing mid-sized companies.

A Best Practices/Workflow Framework

Offering a unique combination of software-as-a-service (SaaS accounting), business process outsourcing (BPO) and a custom-built technology portal, Corefino clients immediately benefit from the integration of our Best Practices/ Workflow framework which includes the following capabilities:

• Comprehensive GAAP-based Accounting

  Corefino adheres to GAAP accounting frameworks, financial statement conventions, and accounting law across all areas of accounting.

• Expense accounting

  Includes payable processing, payroll processing, credit card reconciliation, expense reimbursement, and 1099s.

• Revenue accounting

  Corefino provides invoicing, commissions processing, and revenue recognition.

• Balance Sheet Accounting

  Corefino provides bank reconciliations, general ledger, account analysis, cash flow and flash reports.

• Cash Accounting

  Corefino processes all cash receipts and disbursements, and prepares weekly cash status reports and monthly bank reconciliations.

• Reporting Services

  As a client, you will receive monthly, quarterly and annual financial statements, including Balance Sheet, Statement of Cash Flow, Profit and Loss from Operations, Expense summary, Actual vs. Budget analysis, month-over-month variance, equity capitalization and stock option accounting.

• Internal Control

  Corefino will establish and document accounting best practices for your accounting processes, as well as recommend internal controls for company-wide processes.

• Finance Services

  Corefino provides a review of all financial contracts, as well as assembles and delivers A/R data for collection efforts and monthly cash receipts processing.

• Diligence, Audit and Tax Services

  Corefino will prepare and deliver accounting documents as required for diligence requests, external audits, and for assisting with your annual tax preparation.

• Your Guarantee

  Corefino guarantees that you will always be ready to address any financial or business event.

For details about Corefino’s Accounting on demand for Mid-Market organizations, contact us directly by phone at +1.650.762.5621 or by email at