Corefino

About Corefino

Corefino, established in 2004, provides outsourced accounting and financial solutions tailored for small to medium-sized businesses. The company was founded by Karen Watts, a former CFO who dedicated four years to developing a comprehensive on-demand service package. This platform integrates approximately 500 processes, ensuring that clients' financial operations are handled with expertise. In 2008, the company secured $13.6 million in a Series A funding round from investors including Opus Capital and Bay Partners.

The firm operates on a subscription-based model, offering its services through a highly scalable, web-based platform. This approach provides growing businesses with access to finance and accounting capabilities that are typically only available to large enterprises. Corefino's business model is designed to handle routine accounting tasks, which allows CFOs to concentrate on more strategic aspects of their business. The company's services encompass a wide range of core accounting responsibilities, including monthly reporting, reconciliation, GAAP-based financials, calculating sales commissions, and processing payments. These services are structured to facilitate monthly, quarterly, and annual closes, as well as to prepare for events like IPOs and mergers.

Each client is paired with an industry-matched team consisting of staff accountants and a controller, ensuring specialized support. Strategic oversight is provided by a council of Corefino's Chief Accounting Officers, each possessing over two decades of experience. The company has cultivated expertise across various sectors, including digital home services, electronic gaming, health services, and clean technology. Through strategic partnerships with companies like ADP, EASi, and Intacct, Corefino enhances its service offerings. This combination of seasoned professionals, optimized processes, and technology enables Corefino to deliver critical financial guidance, oversight, and controls to its clients.