Labgroup

Labgroup

BACKGROUND

LabGroup are a software company that assist with streamlining the client acquisition process by automating the identification and documentation process for their customers. LabGroup is founded by Nick Boudrie and Lyndon Webster – two friends who saw a gap in the market a few years ago and decided to have a crack.

THE CHALLENGE

Unhappy with their in-house bookkeeping, LabGroup turned to Vital Addition for a more sophisticated reporting and analytical solution as their business continued to grow at a rapid rate.

THE SOLUTION

Implementing the Outsourced CFO model we took over the day-to-day financial operations including bank reconciliations, payroll, and superannuation with one of our management accountants. We then integrated a finance director to oversee the quality control and a CFO to prepare and present monthly board packs.