Orbit Accountants

BACKGROUND

Please describe your company and position.

I am a department chief of Aeon Finance

Describe what your company does in a single sentence.

Aeon Finance specializes in seamless cross-border payments, offering global solutions that simplify and expedite international transactions for businesses.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Orbit Accountants to accomplish?

• Fractional CFO
• Monthly Accounting

SOLUTION

How did you find Orbit Accountants?

Referral

Why did you select Orbit Accountants over others?

• Pricing fit our budget
• Great culture fit
• Good value for cost
• Referred to me

How many teammates from Orbit Accountants were assigned to this project?

2-5 Employees

Describe the scope of work in detail. Please include a summary of key deliverables.

The scope of work provided by Orbit Accountants for Aeon included a range of critical financial services aimed at optimizing our financial management and supporting our growth objectives. Key deliverables included:

1. Strategic Financial Planning: Orbit developed and implemented a comprehensive financial strategy that aligned with Aeon Finance's long-term business goals, including detailed budgeting, forecasting, and financial modeling.
2. Cash Flow Management: They optimized our working capital by improving cash flow processes, including accounts receivable and payable management, ensuring we maintained healthy liquidity for operational needs and investment opportunities.
3. Fundraising Support: Orbit played a crucial role in our fundraising efforts, preparing all necessary financial documents, including projections, valuations, and investor presentations. 
4. Financial Forecasting: They provided accurate and detailed financial forecasts based on historical data and market trends.
5. Tax Advisory: Orbit offered ongoing tax advisory services, specially in the areas of HST ensuring that we remained compliant with all relevant regulations.
6. Regular Financial Reporting: They delivered timely and comprehensive financial reports, giving us clear visibility into our financial health and performance, which was critical for both internal decision-making and external stakeholder communication.

RESULTS & FEEDBACK

What were the measurable outcomes from the project that demonstrate progress or success?

1. Improved Cash Flow: We bettered our cash flow management by ~25%. This helped in increasing our liquidity.
2. Successful Fundraising: With the help of Orbit, and their meticulous financials, we managed to secure our Series A investment, which was crucial in scaling our operations and expanding our service offerings.
3. Cost Savings: The optimization of our financial processes, specially on the AP side, reduced operational costs by ~10%, directly impacting the bottom line.
4. Improved Forecast Accuracy: The financial forecast provided by them increased our accuracy in forecasting, i think we made a lot more informed business decisions after that.
5. Efficiency in Taxes: Tax advisory from Orbit helped us save at least 10% of the tax liabilities. Knowing which services were taxed at lower rate and which were exempt were crucial!

Describe their project management. Did they deliver items on time? How did they respond to your needs?

From the inception of the assignment, Orbit Accountants showcased positive project management practices. They were always on time to complete and deliver items according to the planned schedule—no delays. Their team was very responsive and keen to address our questions or concerns in a timely manner.


Whether through communications, adaptations based on our feedback, or extra support whenever necessary, they were was always proactive and attentive, ensuring the project was executed to perfection and met our every expectation.  

What was your primary form of communication with Orbit Accountants?

Virtual Meeting

What did you find most impressive or unique about this company?

We found Orbit Accountants to have deep industry expertise and a personalized financial management approach. With the ability to quickly understand our specific challenges and tailor services to meet unique needs, they proactively communicated quality insights in strategic finance, making them a truly valuable partner in our business growth.

Are there any areas for improvement or something Orbit Accountants could have done differently?

I think they are doing a grea job. Also, we have limited experience to benchmark them with others since they are our first accountants and we dont intend to change as our investors love them and the rerports that come out!