Download our new Stripe Atlas guide: building your startup’s finance team
- How our guide is helping businesses optimize their finance function
- Our key findings
- Check out the full guide
As startups scale, financial responsibilities that were previously juggled by a full-time employee, often the CEO, become untenable. Growing teams need to delegate their financial responsibilities in order to move the business forward, but can often feel overwhelmed about how to do so.
We’re excited to address this vacuum of information by partnering with Stripe Atlas to create a resource that can help finance leaders navigate these challenges. In the “Startup guide to hiring and managing your finance team”, Ramp’s co-founder and CEO, Eric Glyman, delves into exactly what startups need to do to establish a thriving finance function. This advice is based on Eric’s two-time founder experience and Ramp’s work with thousands of finance teams.
How our guide is helping businesses optimize their finance function
Eric explains crucial insights such as what to look for in your first finance hire, sample interview questions to help you identify the right candidate, best practices for building a team, and a hiring plan blueprint for your first four years.
Our key findings
Key findings from the guide include:
- Investment experience is being prioritized as a critical skill for job candidates: Due to the rise of venture capital, companies are reassessing hiring priorities and searching for candidates that excel at investor relations and building models, rather than just having a solid accounting background.
- Startups are increasingly relying on fractional CFOs as a solution: Owing to greater acceptance within the startup community and technology decreasing the cost of outsourcing financial resources, fractional CFOs are rising in popularity for many startups.
- Focus on hiring specialists as you grow: A team full of generalists is fine in the beginning, but once you reach five hires, it’s time to search for specialists.
- Building a remote team? Make sure to invest in payroll expertise: A payroll specialist who can manage the technicalities of making hires from different states and countries can save you a world of headaches and stress.
Check out the full guide
Download the full guide today.
Don't miss these
“We’ve simplified our workflows while improving accuracy, and we are faster in closing with the help of automation. We could not have achieved this without the solutions Ramp brought to the table.”
Kaustubh Khandelwal
VP of Finance, Poshmark
“Our previous bill pay process probably took a good 10 hours per AP batch. Now it just takes a couple of minutes between getting an invoice entered, approved, and processed.”
Jason Hershey
VP of Finance and Accounting, Hospital Association of Oregon
“When looking for a procure-to-pay solution we wanted to make everyone’s life easier. We wanted a one-click type of solution, and that’s what we’ve achieved with Ramp.”
Mandy Mobley
Finance Invoice & Expense Coordinator, Crossings Community Church
“We no longer have to comb through expense records for the whole month — having everything in one spot has been really convenient. Ramp's made things more streamlined and easy for us to stay on top of. It's been a night and day difference.”
Fahem Islam
Accounting Associate, Snapdocs
“It's great to be able to park our operating cash in the Ramp Business Account where it earns an actual return and then also pay the bills from that account to maximize float.”
Mike Rizzo
Accounting Manager, MakeStickers
“The practice managers love Ramp, it allows them to keep some agency for paying practice expenses. They like that they can instantaneously attach receipts at the time of transaction, and that they can text back-and-forth with the automated system. We've gotten a lot of good feedback from users.”
Greg Finn
Director of FP&A, Align ENTA
“The reason I've been such a super fan of Ramp is the product velocity. Not only is it incredibly beneficial to the user, it’s also something that gives me confidence in your ability to continue to pull away from other products.”
Tyler Bliha
CEO, Abode
