Ravix Group

BACKGROUND

Please describe your company and position.

I am the Chief Operating Officer of Credence MedSystems, Inc.

Describe what your company does in a single sentence.

Credence designs, develops and manufactures injectable medical devices.  

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Ravix Group to accomplish?

• Day to day accounting support
• Day to day HR support
• Ongoing business, financial and HR consulting

SOLUTION

How did you find Ravix Group?

Referral

Why did you select Ravix Group over others?

• High ratings
• Close to my geographic location
• Pricing fit our budget
• Great culture fit
• Good value for cost
• Referred to me
• Company values aligned

How many teammates from Ravix Group were assigned to this project?

2-5 Employees

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

• Set up and manage accounting systems
• Perform monthly close and financial statements
• Review and update cash forecasts and operating budgets
• Manage banking relationships
• Act as "sounding board" for company's management
• Review benefits plans and manage renewals
• Review employee records and onboarding / off boarding processes
• Complete and implement employee handbook
• Provide guidance for compliance to Federal, State and Local Labor Laws
• Advise and assist management with HR issues for hiring and employee discipline policies

RESULTS & FEEDBACK

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

Company continues to perform well after over 10 years in business - on-going yearly audits show in compliance.  

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

Project is on-going support for accounting and HR - over the time that Ravix has supported Credence there have been needs to ramp up the support and ramp down the support.  Ravix has responded to these requirements with ease - providing very skilled and experienced employees. 

What was your primary form of communication with Ravix Group?

• In-Person Meeting
• Virtual Meeting
• Email or Messaging App

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

Ravix understands the needs of a startup company - matches their services and recommendations to the business and when the needs change Ravix has been flexible to also change to the support needed.  

Are there any areas for improvement or something Ravix Group could have done differently?

Nothing that comes to mind at this point. 

BACKGROUND

Introduce your business and what you do there.

I’m the CEO and owner of AV Images, an AV production support company. We provide AV production support all over the US for trade shows, corporate events, and conferences.

OPPORTUNITY / CHALLENGE

What challenge were you trying to address with Ravix Group?

We initially brought Ravix Group on board to help with general accounting support.

SOLUTION

What was the scope of their involvement?

Ravix Group provides accounting services, including reviewing and updating our books, cleaning up our accounting records, and assisting with tax preparation. 

We were using Microsoft Dynamics NAV at the time, so Ravix Group had to learn how that worked. We've since migrated to Sage Intacct, and Ravix Group played a key role in recommending Sage and assisting us with the integration.

We also use Ravix Group for HR outsourcing. They provide an on-demand expert to help us with HR matters. Carol helps us with legal compliance and risk management. She's mostly helpful in personnel matters. We had a situation that required us to let an employee go, so she helped us find someone available. She has helped me assess the situation and take the proper steps.

Carol has also helped us connect with our health and benefits broker. She helped us recruit our accounting specialist through ADP. She handled everything, narrowed down our candidates, and we ultimately found someone wonderful.

What is the team composition?

We've worked with a team of dedicated professionals, including Annie, a controller; George, who has provided accounting services; Carol, who assists with our HR needs; and two teammates from the Montpak team.

How did you come to work with Ravix Group?

Ravix Group was brought to me by our CPA seven and a half years ago. We realized we needed some accounting help through an audit, and they recommended Ravix Group. We initially had a discovery call with Lee Ann to review our situation and discuss what we were looking for. She had someone in mind at the controller level who would be a perfect fit for the project.

How much have you invested with them?

We spend over $150,000 a year.

What is the status of this engagement?

We started working with them in April 2018, and our relationship is ongoing.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement?

We've saved time and refined processes. Our accounting is incredibly clean, and Carol's help with recruitment has saved me a lot of time. Overall, Ravix Group has saved us time, money, and sanity. The team's work has met our expectations.

How did Ravix Group perform from a project management standpoint?

They deliver on time and within budget. We mostly use email and Microsoft Teams for calls and chats.

What did you find most impressive about them?

Ravix Group's expertise and communication are impressive. If we need anything or have any questions, they can always connect me with someone on the team who is knowledgeable in their field and very helpful. They’re quick to respond and connect me with someone if I need to answer questions or provide resources. Ravix Group is also very organized.

Are there any areas they could improve?

No, there aren’t any.

Do you have any advice for potential customers?

Trust the process. We brought Ravix Group on board at a very challenging time for our company, and there was a lot of cleanup to be done. Trusting them and Annie to be the experts in their field was the most helpful thing we could have done. Be transparent, trust Ravix Group, and let them do what they do best.

BACKGROUND

Introduce your business and what you do there.

I’m a co-founder of Franklin Alliance, an aggregate of accounting firms. We work together to evolve, grow, and expand market reach.

OPPORTUNITY / CHALLENGE

What challenge were you trying to address with Ravix Group?

We needed help with firm-wide accounting services.

SOLUTION

What was the scope of their involvement?

Ravix Group provided us with accounting services. They handled our accounts receivable (AR) and cash analysis on a weekly basis. They also handled our cash and bank reconciliations, and supported us with a purchase accounting worksheet for acquisitions we had made. Ravix Group extracted information from our QuickBooks Online file and performed the reconciliations using Microsoft Excel.

What is the team composition?

We worked with an accounting manager and a technical director.

How did you come to work with Ravix Group?

Their owner was a classmate of mine.

How much have you invested with them?

We spent between $10,000–$25,000. 

What is the status of this engagement?

The partnership lasted from December 2024–November 2025.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement? 

Ravix Group was very effective in how they supported us. They delivered very high-quality work that met our expectations. We were very satisfied with the product and have referred them to other people.

How did Ravix Group perform from a project management standpoint?

They delivered the work on time. We used Google Meet and email to communicate with each other. They did a good job of being timely with their communication.

What did you find most impressive about them?

They were willing to work with us on a solution. The CEO made himself available to understand what we were looking for and ensured they provided the right resources to assist us. 

Are there any areas they could improve?

No, there weren’t any. 

Do you have any advice for potential customers?

Be clear in communicating your expectations. Ravix Group is well-equipped to match your needs with the solutions they have available.

BACKGROUND

Please describe your company and position.

 I am an executive at an information technology company 

Describe what your company does in a single sentence.

My company provides fully managed IT services, cybersecurity, cloud solutions, and business technology support for organizations across the Southeast. We help companies operate efficiently, securely, and reliably by managing their entire technology environment end-to-end.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Ravix Group to accomplish?

• Accounting after acquisition of the company
• Ensure GAAP compliance within public company accounting standards
• Executive Search

SOLUTION

How did you find Ravix Group?

• Online Search
• Referral

Why did you select Ravix Group over others?

• High ratings
• Close to my geographic location
• Pricing fit our budget
• Great culture fit
• Good value for cost
• Referred to me
• Company values aligned

How many teammates from Ravix Group were assigned to this project?

1 Employee

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

Scope of Work:

Ravix has supported our organization with a comprehensive suite of outsourced CFO, controller, and accounting services tailored to the needs of a growing technology company. Their team manages day-to-day accounting operations, monthly financial closes, cash-flow reporting, and forecasting, while also guiding us through more complex initiatives such as audit preparation, financial modeling, and integration of new business units. They ensure that our financial records remain accurate, compliant, and timely, and they function as a strategic partner in strengthening our internal controls and financial discipline.

Summary of Key Deliverables:

Monthly Close & Financial Reporting: Preparation of accurate monthly financial statements, variance analyses, and executive-ready reporting packages.
Cash Management: Weekly cash-flow forecasts, treasury support, and scenario planning to ensure liquidity visibility and decision readiness.
Budgeting & Forecasting: Development and refinement of annual budgets, rolling forecasts, and long-term financial models aligned with strategic priorities.
Accounting Operations: Oversight of AP/AR, payroll coordination, general ledger maintenance, and reconciliations to maintain clean, audit-ready books.
Process Improvements: Implementation of best-practice accounting workflows, internal controls, and documentation to support efficient and scalable operations.
Strategic Support: Financial modeling for growth initiatives, M&A readiness, and ad-hoc analyses that inform leadership and board-level decisions.
Audit & Compliance Preparation: Support for external audits, tax preparation, and compliance reviews, ensuring timely and organized submissions.

RESULTS & FEEDBACK

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

Month-End Close Acceleration: Reduced the month-end close from 20 days to 8 days, enabling leadership to review performance nearly two weeks earlier each month.
Audit-Ready Financials: Achieved zero material audit adjustments and lowered reconciliation discrepancies by over 90%, resulting in clean, reliable financial statements.
Improved Cash-Flow Visibility: Implemented a structured weekly cash-flow forecast that expanded visibility from 7 days to a rolling 12 weeks, strengthening planning and liquidity management.
Operational Efficiency Gains: Standardized accounting workflows and documentation reduced manual processing time by 30%, freeing the team to focus on higher-value work.
Forecast Accuracy Improvement: Reduced forecast variance from 18% to under 5%, significantly increasing confidence in strategic and budgeting decisions.
Enhanced Reporting & KPI Tracking: Delivered comprehensive reporting packages that improved decision-making speed, reducing the time required to prepare leadership and board reports by 40%.
Stronger Internal Controls: Implemented consistent AP, AR, and payroll controls that decreased error rates by over 80% and aligned the company with Kingsway’s compliance expectations.
Scalability for Growth: Established financial processes capable of supporting additional acquisitions and expansion, reducing dependency on tribal knowledge and increasing organizational readiness by an estimated 50%.

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

Ravix consistently demonstrated disciplined project management throughout the engagement. They established clear timelines, communicated expectations upfront, and tracked deliverables against an agreed-upon work plan. Monthly close schedules, cash-flow updates, and reporting packages were delivered on or ahead of deadlines more than 90% of the time, ensuring leadership always had timely, accurate information.

Their responsiveness was equally strong. The team adjusted priorities quickly when business needs evolved—whether related to acquisitions, internal restructuring, or audit preparation—and provided same-day support for urgent requests. They were proactive in identifying risks, offering solutions, and keeping our leadership informed. Overall, their project management was structured, reliable, and highly aligned with our operational pace and expectations.

What was your primary form of communication with Ravix Group?

• Virtual Meeting
• Email or Messaging App

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

Accuracy, competence and efficiency 

Are there any areas for improvement or something Ravix Group could have done differently?

No

BACKGROUND

Introduce your business and what you do there.

I am an executive at an estate organizing and move management company. We have a team of 14 employees and focus on helping clients with organizing estates and managing moves.

OPPORTUNITY / CHALLENGE

What challenge were you trying to address with Ravix Group?

I needed assistance with organizational consultations, specifically to ensure that we were compliant with rules and regulations. I wanted to address compliance issues and have support in HR-related areas.

SOLUTION

What was the scope of their involvement?

Ravix Group provides HR and compliance consulting services on an ad hoc basis, addressing specific pain points as they arise. This has included advising on training approaches, implementing performance review systems, and handling the termination of an employee who was not working out. The engagement has focused on providing guidance and research to ensure compliance and effective HR management.

What is the team composition?

I've worked with one HR consultant from Ravix Group throughout the engagement.

How did you come to work with Ravix Group?

I chose Ravix Group because I had previously met their HR consultant and trusted her experience. Our prior professional relationship was the main reason for selecting them for this project.

How much have you invested with them?

The investment in this partnership has been about $2,000 USD, and the consultant is on retainer.

What is the status of this engagement?

The engagement began in July 2024 and is still ongoing.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement?

While we have not conducted a comprehensive compliance review, the consultation has definitely helped us avoid potential legal issues related to HR management. I estimate that this has saved us around $50,000 by preventing legal follow-up costs. Overall, they've met my expectations, and their work quality is quite high.

How did Ravix Group perform from a project management standpoint?

They have been very accommodating, respectful, and thorough. The work has always been delivered on time and within budget. We use Google Docs and Microsoft Teams for communication and meetings, which has worked well for our needs.

What did you find most impressive about them?

The HR consultant I work with is extremely knowledgeable and insightful, especially in identifying potential problems and ways to avoid them.

Are there any areas they could improve?

There are no areas for improvement that I am aware of at this time.

Do you have any advice for potential customers?

Be clear about your expectations during the intake process so that Ravix Group can determine if they are able to meet your needs.

BACKGROUND

Introduce your business and what you do there.

I’m the president of a renewable energy company. We're a geothermal power developer with a novel technology.

OPPORTUNITY / CHALLENGE

What challenge were you trying to address with Ravix Group?

We needed help with accounting services and financial planning.

SOLUTION

What was the scope of their involvement?

Ravix Group has provided fractional accounting, HR, and finance services for our startup for almost 10 years. They help us track our finances, accounts payable, indexing, budgeting, forecasting, and quarterly reporting. Ravix Group also provides tax preparation, bookkeeping, and financial planning services. The team uses QuickBooks and Bill.com to provide their services.

What is the team composition?

We’ve mainly worked with two teammates from Ravix Group: an accounting controller and an HR support person.

How did you come to work with Ravix Group?

Ravix Group was already working with our company when I joined. The original founder knew Ravix Group had done quite a bit of work in our area before, so he contacted them.

How much have you invested with them?

We’ve spent around $750,000 with them since I joined.

What is the status of this engagement?

We started working together in July 2015, and the engagement is ongoing.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement?

Ravix Group's work has resulted in cost savings in our operational expenses compared to hiring a full-time person.

How did Ravix Group perform from a project management standpoint?

Ravix Group meets deadlines and stays on budget. We communicate via WhatsApp, Gmail, and Google Meet. We also use Dropbox to share information.

What did you find most impressive about them?

Ravix Group is very knowledgeable about what needs to be done and when it needs to be done. The team is timely in getting everything done and meeting our reporting and contractual obligations with our shareholders and tax accountants.

Are there any areas they could improve?

I don't think there's anything they can improve on. Ravix Group does a great job and communicates well.

Do you have any advice for potential customers?

Ravix Group is very supportive in how they transition from their services into a full-time employee role when you're ready and willing to do that. The team is collaborative in understanding your organization and when they fit. Ravix Group knows they're in a temporary role until we get an employee in place, and they're willing to support that transition in a well-documented manner on how things are working and what needs to be improved. Ravix Group fills the missing gap and helps you grow as a company, but they also know when you need a full-time person beyond their fractional services.

BACKGROUND

Please describe your company and position.

I am the Finance & Operations Manager of Cancer Support Community

Describe what your company does in a single sentence.

Cancer Support Community uplifts and strengthens people impacted by cancer by providing support, fostering compassionate communities, and breaking down barriers to care.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Ravix Group to accomplish?

• Assist with daily accounting
• Assist with closing the books monthly
• Assist with closing the books annually/audit

SOLUTION

How did you find Ravix Group?

Referral

Why did you select Ravix Group over others?

Referred to me

How many teammates from Ravix Group were assigned to this project?

2-5 Employees

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

Ravix was hiried to temporarily fill in for our finance and operations staff member until a replacement was found. Upon filling the position, the team and board decided to continue with Ravix's services for checks and balances.

RESULTS & FEEDBACK

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

The Ravix team has been extremely helpful with training, answering questions, and providing monthly financials as well as assistance during our annual audits. In addition, our Controller has been extemely valuable during our current project build of a new cancer support center.

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

Our controller is always very aware of monthly and annual deadlines and checks in with his team as well as CSC's team to confirm all requirements and needs are met.

What was your primary form of communication with Ravix Group?

Virtual Meeting

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

The attention and customer service that we have received are impressive.

Are there any areas for improvement or something Ravix Group could have done differently?

Not at this time. 

BACKGROUND

Introduce your business and what you do there.

I’m the managing partner of Blueprint Equity, a technology-focused investment firm that partners with entrepreneurs to help accelerate their business growth.

OPPORTUNITY / CHALLENGE

What challenge were you trying to address with Ravix Group?

We needed help getting our back office off the ground.

SOLUTION

What was the scope of their involvement?

Ravix Group provides accounting, auditing, and tax services. The team also helps with distributions, capital calls, and compliance. Ravix Group handles bookkeeping, expenses, financial statements, tax returns, and audit management.

What is the team composition?

We work with 2–5 teammates from Ravix Group.

How did you come to work with Ravix Group?

Someone referred Ravix Group to me.

How much have you invested with them?

The project cost is confidential.

What is the status of this engagement?

We started working with Ravix Group in December 2025, and the engagement is ongoing.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement?

Ravix Group has helped us create a compliant back office that operates efficiently. Our organization's controls have improved dramatically, ensuring we stay compliant with our institutional investors' reporting requests. Additionally, our books are always done correctly and on time.

How did Ravix Group perform from a project management standpoint?

Ravix Group delivers on time and works nights and weekends if needed. We communicate via email and messaging apps.

What did you find most impressive about them?

I'm impressed by Purvi (Director of Accounting & Tax) — our main point of contact.

Are there any areas they could improve?

There's nothing Ravix Group could improve on.

BACKGROUND

Introduce your business and what you do there.

I oversee finance and accounting operations at our biotechnology company developing next-generation vaccines and immunotherapies that harness the immune system to prevent and treat cancers and infectious diseases. We use proprietary platforms like LION™ to create cost-effective, innovative treatments.

OPPORTUNITY / CHALLENGE

What challenge were you trying to address with Ravix Group?

Continuity, redundancy and ease of transition in finance leadership.

SOLUTION

What was the scope of their involvement?

Ravix Group supports our accounts payable processing using Bill.com, general accounting, and monthly closing of the books in QuickBooks Online. The team has also completed a clean-up of our fixed asset listing and provided prompt, helpful support during an AICPA audit.

What is the team composition?

We work with four part-time teammates from Ravix Group.

How did you come to work with Ravix Group?

We found them through an online search and chose them because of their demonstrated experience in biotech.

What is the status of this engagement?

We started working with them in March 2024, and the engagement is ongoing.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement?

Ravix Group has completed a clean-up of our fixed asset listing and provided prompt, helpful support during an AICPA audit. We are very satisfied with their support and timely completion of accounting operations.

How did Ravix Group perform from a project management standpoint?

They are helpful and proactive and deliver on time. We communicate via biweekly meetings, email, and Microsoft Teams.

What did you find most impressive about them?

Ravix Group's flexibility and thoughtful support are impressive.

Are there any areas they could improve?

Keep an eye on fees.