Financial statements are an indispensable tool for measuring a company’s health and performance, yet most early stage and growing companies fail the grade when it comes to financial reporting quality. The chief culprit? Poorly constructed chart of accounts, often accompanied by insufficient managerial accounting expertise.
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I never expected Espresso would grow as quickly as it has. The market’s response to our innovative financing solutions has been amazing.
In 2013 we closed 84 transactions valued at almost $30 million, with an average turnaround time of 10 business days after signing the term sheet. We intend to build on that success with a specific commitment to expand our recurring revenue financing portfolio in 2014.