Grant-Funded Growth, Audit-Proven Results
THE CLIENT
A next-generation gene therapy company led by a CEOthreesixty alumnus. With a team of 10 primarily consisting of scientists and lab managers, the company operates lean, with no internal finance or accounting staff. Since 2021, they have partnered with Sayva to manage their fractional finance and accounting needs – critical to maintaining compliance and growth as a recipient of eight government grants.
THE CHALLENGE
Shortly after receiving their first round of grant funding, the client faced a complex challenge: how to establish a finance and accounting function capable of managing federal grants, preparing for audits, and generating timely and accurate financial reports – without hiring full-time staff.
They needed:
- A reliable accounting function built from scratch.
- Expert support in grant compliance and management.
- Audit readiness to comply with federal requirements.
- A financial infrastructure to support rapid scientific growth.
THE SOLUTION
Sayva deployed a fractional finance and accounting team to design and manage the company’s financial operations from the ground up. Services included:
- Monthly close processes and financial reporting.
- Detailed grant tracking and budget management.
- Audit preparedness and documentation support.
- Technology implementation, including Brex for expense tracking and QuickBooks for grant-based reporting.
SOLUTION HIGHLIGHTS
- Built and managed an audit-ready accounting function
- Created grant summary workbooks tracking budgets and balances
- Implemented a 10-day close process with multi-level review
- Integrated Brex and QuickBooks to streamline coding and expense reconciliation
THE RESULTS
With Sayva’s support, the client achieved impactful outcomes:
- 100% audit success rate, with no negative findings since audits began in 2022
- 10-day month-end close process, saving significant time and enabling timely reporting
- Seamless grant compliance and draw submission process, supporting uninterrupted funding
- Cost savings by eliminating the need for in-house accounting hires
CLIENT TESTIMONIAL
“As a founder and CEO navigating the complexities of grant-funded science, I needed more than just accounting – I needed a partner who could build a financial foundation I could trust. Sayva delivered. Their team brought structure, precision, and reliability to our operations, ensuring we stay compliant and focused on innovation. I consider them a true extension of our team.” – CEO & Co-Founder
