The Essential Startup Checklist

How To Build Internal Controls and Clean Your Books Before Raising Your Next Round

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"The importance of maintaining accurate accounts should never be underestimated." - KPMG

Overspending or lack of control over spending is a common stumbling block for startups. In fact, according to CB Insights, running out of cash is the second most common reason behind startup failures, after the lack of product-market fit.

This should be obvious enough but apparently isn't. This is why lack of spend control and inability to reign in burn rates appear again and again in failed startup post-mortems.

The lesson to startups is, get your house in order in terms of accounting and financial management. This is especially important before you go in for your next round of financing.

There are two areas you need to pay attention to maintaining proper financial records and implementing internal controls.

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Talk to us for an opportunity to chat with one of our solution consultants to see how Procurify can help your organization achieve greater internal controls and increase procurement compliance and spend visibility.

Download Now to Learn:

  • The main challenges relating to spending in startups, and how to combat them
  • How to implement internal controls and clean your books before raising your next round
  • What areas of the business need your attention and resources first
  • A printable 'cheat list' of a checklist of items to tick off 
  • What to look for in your next round of financing
  • And more!

Control, track and report your company’s spend. Robust request to approve functionality, purchase order management, and authenticate deliveries all in one place.

Procurify is your best in class Spend Management Platform.

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