
Better Grant Tracking Improvements for Biotech Companies
This blog provides seven steps that biotech companies can take to improve grant tracking and
Partner with a team that understands the unique challenges biotech companies face and can give you the financial insight you need.
Biotech companies operate in a complex and dynamic environment where accounting and financial management are simply different. Unlike other industries, biotech companies face long research and development cycles, often with lean back-office teams, making it essential to maximize operational efficiencies and streamline processes. Furthermore, these companies are subject to specific regulations and compliance requirements, with outside investors and venture capital playing a significant role.
Our team of experts understands the complex and often unpredictable nature of the industry and can provide the financial insight and support you need to succeed. Whether you are developing new pharmaceuticals, medical equipment, or gene therapies, we can provide a complete suite of accounting, finance, and tax services to help you streamline your processes and increase operational efficiencies. By partnering with Scrubbed, biotech companies can benefit from the flexibility, scalability, and cost-effectiveness of outsourcing, and focus on their core business of advancing scientific innovation.
Biotech companies operate in a complex and dynamic environment where accounting and financial management are simply different. Unlike other industries, biotech companies face long research and development cycles, often with lean back-office teams, making it essential to maximize operational efficiencies and streamline processes. Furthermore, these companies are subject to specific regulations and compliance requirements, with outside investors and venture capital playing a significant role.
Our team of experts understands the complex and often unpredictable nature of the industry and can provide the financial insight and support you need to succeed. Whether you are developing new pharmaceuticals, medical equipment, or gene therapies, we can provide a complete suite of accounting, finance, and tax services to help you streamline your processes and increase operational efficiencies. By partnering with Scrubbed, biotech companies can benefit from the flexibility, scalability, and cost-effectiveness of outsourcing, and focus on their core business of advancing scientific innovation.
At Scrubbed, we have specialized knowledge and experience helping biotech companies with the accounting and financial services they need to run efficiently and meet the compliance requirements specific to your industry. Whether you have a CFO that needs support or prefer to outsource your entire accounting and finance department, we have the team in place to deliver the reporting and advice you require to make informed business decisions.
Streamline Operations, Stay
Compliant, and Build for the
Future with Scrubbed
At Scrubbed, we have specialized knowledge and experience helping biotech companies with the accounting and financial services they need to run efficiently and meet the compliance requirements specific to your industry. Whether you have a CFO that needs support or prefer to outsource your entire accounting and finance department, we have the team in place to deliver the reporting and advice you require to make informed business decisions.
At Scrubbed, we have specialized knowledge and experience helping biotech companies with the accounting and financial services they need to run efficiently and meet the compliance requirements specific to your industry. Whether you have a CFO that needs support or prefer to outsource your entire accounting and finance department, we have the team in place to deliver the reporting and advice you require to make informed business decisions.
Analyze financial instruments and assess expected credit loss model in accordance with ASC 326/IFRS 9
Analyze lease contracts analysis in accordance with ASC 842/IFRS 16
Assist in adoption of other complex emerging standards
Conduct an audit readiness program – planning, execution, and completion
Facilitate Financial Statement conversions between accounting frameworks (e.g. Local GAAP to US GAAP, IFRS to US GAAP, and vice versa)
Conduct an IPO readiness program
Account and report impact of significant unusual transactions
Support in transaction structure, including contract consultancy (acquisitions and readiness)
Assess ESG preparedness in terms of dealing with GHG emissions, value chain and other stakeholder concerns.
Account and report ESG-related assets and transactions.
Establish ESG policies and procedures in compliance with sustainability standards.
“Scrubbed matched up with everything Rejuvenation
Technologies was looking for in an outsourced accounting
partner,” said Director of Finance and Administration Robin Holbrook.
Innovate with Confidence:
Outsource Your Financial Tasks to Scrubbed, Your Dedicated Partner in the Biotech Industry
We understand that staying on top of financial reporting and tax strategy is essential for your success, and we’re committed to creating operational efficiencies that will help your company thrive. We work with you to become a vital part of your team, adapting to your needs and providing the information you need to keep stakeholders confident in your work. And as you move from R&D to market, our experienced professionals can help you evolve and maximize your potential for success
We understand that staying on top of financial reporting and tax strategy is essential for your success, and we’re committed to creating operational efficiencies that will help your company thrive. We work with you to become a vital part of your team, adapting to your needs and providing the information you need to keep stakeholders confident in your work. And as you move from R&D to market, our experienced professionals can help you evolve and maximize your potential for success
This blog provides seven steps that biotech companies can take to improve grant tracking and
Given the current market conditions, a slowdown in private equity investment within the sector is
In the dynamic landscape of the biotech industry, companies are constantly innovating, developing new drugs,
Mantra Bio, an early-stage biotech company, faced the intricate challenge of maintaining accurate financial records
Unlike less capital-intensive industries, the biotech field isn’t one where a founder’s own assets can
Rejuvenation Technologies Taps Scrubbed for Daily Accounting and Reporting
“Scrubbed matched up with everything Rejuvenation
Kevin has more than 8 years of professional experience focusing on general and real estate accounting, budget and cash flow analyses, and financial modeling. His expertise is on business process optimization, systems migration, and developing reasonable business policies. He is adept at utilizing multiple reporting software and other SaaS interfaces. He currently manages a mixture of Real Estate and Biotechnology groups in Scrubbed. Prior to Scrubbed, he worked at the Fraud, Claims, and Disputes Unit of JPMorgan Chase & Co.
Want to learn more? Let’s chat about how we can help by managing your day-to-day accounting needs, or taking on a larger financial management role, so you can continue to deliver on your mission-critical goals.