A customizable core finance team to implement, support or manage your day-to-day finance functions
We serve as the financial backbone to hundreds of life science companies, providing the right skill sets as needed with the caliber of talent that is often too costly or time consuming to build in house.
We expertly meet the operational finance and accounting needs of life science companies from inception through exit and beyond, adapting our team and services as clients’ needs evolve. Our bench of finance and accounting specialists includes CPAs, MBAs and Big 4 accounting firm alumni with backgrounds in the life science sector.
Key Considerations
- Life science company formation has evolved in favor of lean internal teams supported by strategic relationships with external experts. We are purpose-built to meet a full breadth of finance and accounting needs with maximum capital efficiency to support this model.
- We understand the nuances of finance and accounting specific to the life science industry, from familiarity with R&D tax credits to management of clinical trial expenses and forecasting.
- Scalable resources can meet changing needs, planned or otherwise. We can fill both short- and long-term roles with carefully selected experts who hit the ground running to ensure business continuity.
How Danforth Can Help
Company Set-Up
We are highly experienced in the design and implementation of financial infrastructure from ground zero, including financial systems, processes and controls.
Financial Planning and Analysis (FP&A)
We prepare budgets and forecasts, long range plans and cost analyses. We build and customize dynamic pro-forma cap tables in support of financings and related negotiations. Click here to learn more about our FP&A capabilities.
Audit Preparation
We prepare for and manage financial statement audits.
Support for Transformative Transactions
We assist with the preparation for company financings, IPOs, mergers and acquisitions and corporate wind-downs, and have additional specialists who can provide strategic or operational leadership in these initiatives.
Financial Administration and Accounting
We manage the daily transactional activities and routine business compliance, general accounting (AP, payroll, AR), monthly close, monthly reporting, cap table management and general financial administration.
Reporting
We establish reporting templates and perform monthly, quarterly and annual reporting activities (internal and external). We also contribute to SEC filings including the quarterly report on form 10-Q and annual report on form 10-K.
Technical Accounting
We have a dedicated Accounting and Reporting Advisory team to call upon as needed for complex accounting matters, including audit readiness, share-based payment awards and adoption of new accounting standards.
We’re here to help
Contact us to schedule a conversation about your finance and accounting needs