Maximizing Runway & Efficiency for High-Growth Biotech Startup​

Maximized Series B funding runway by transforming finance operations through strategic outsourcing, enabling the biotech startup to redirect $277.5K annual savings towards critical R&D and core innovation

BIOTECHNOLOGY​

A Series B biotech startup faced unsustainable operational costs with 3 SF-based finance FTEs handling transactional AP, Purchasing, and T&E, plus contractors. Inefficient AP processes were damaging relationships while limiting bandwidth for strategic planning. They needed to extend their $50M Series B funding runway. We stepped in as their strategic finance transformation partner.​

<24 Hours

Invoice processing time

>50

Cost reduction target

3 Days

Month-end close timeline reduction

Goals

Extend funding runway for R&D cycles

Optimize finance operations costs

Improve process efficiency and standardization

Enable focus on core scientific innovation​

Build scalable finance function for 300% growth

Our Solution

Implemented end-to-end AP, Month-End close support, T&E Administration, and Purchasing operations outsourcing​

Deployed 3 offshore FTEs as augmented team supporting SF-based finance leaders​

Introduced AP automation & standardized processes​

Expanded scope to include month-end close and reconciliations​

Results

  • 62% cost reduction ($277.5K annual savings)
  • 160.87% increase in finance team budget runway​
  • 304.86% three-year ROI​
  • Invoice processing reduced from 5 days to <24 hours​
  • Month-end close shortened by 3 days​
  • 35% improvement in vendor satisfaction​
  • Enhanced financial visibility for strategic decision-making​
  • Standardized processes with expert oversight​
  • Scalable finance function supporting 300% projected growth

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Hear from our customers who transformed their Finance
processes with Buying Simplified


Quality work product at an exceptional price with a great attitude!
A vaccine innovation company, CaliforniaAssociate Director, Accounting

You are great at your work. I want you to add a little more to your plate.
Research-based biotech company, California Sr. Director, Supply Chain Strategy & Sourcing

Buying Simplified team provided us the ability to increase our cash runway by providing end-to-end Procurement and payment services at half the cost of hiring resources internally. Excellent team, service and SLAs
Biotechnology company committed to changing the treatment of cancerSVP, Finance, Accounting, and Investor Relations

With the help of Buying Simplified, we could leverage our S2P system better and increase its adoption across all business units for better user experience in the finance and procurement workflow
SVP, FiHead of Procurement, North America and Global Shared Services nance, Accounting, and Investor Relations
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