Case Studies

Fractional Finance Leadership Supports Biomedical Startup Through ERP Transition and State Audit

Fractional Finance Leadership Supports Biomedical Startup Through ERP Transition and State Audit

Situation

A biomedical and life sciences startup needed experienced financial leadership while managing rapid operational growth, a major ERP implementation, and an impending California Employment Development Department (EDD) audit. At the same time, leadership needed ongoing financial planning and analysis to support DARPA-funded programs.

MMG was engaged to provide fractional CFO and Controller leadership, giving the company experienced finance support without immediately building out a full internal finance team.

Solutions
1

Fractional Finance Leadership

MMG provided fractional CFO and Controller services, overseeing day-to-day accounting operations while supporting financial planning and executive decision-making.
2

ERP and Payroll Transition

MMG managed the transition to a new ERP platform and payroll processing system, maintaining continuity across accounting operations while modernizing the company’s financial infrastructure.
3

EDD Audit Support

MMG served as the company’s primary point of contact throughout the California EDD audit, coordinating responses, managing the financial requirements of the process, and supporting management through successful completion of the audit.
4

FP&A and DARPA Program Support

MMG provided ongoing FP&A support as leadership managed DARPA-funded programs, giving the company continued financial visibility as its operations evolved.
Results

The EDD audit was successfully completed with no material findings, while the company simultaneously transitioned its ERP and payroll systems and maintained continuity across its finance operations.

MMG remains engaged, providing fractional finance leadership and FP&A support as the company continues to grow and manage its DARPA-funded programs.

0

Material EDD audit findings

2

Core systems transitioned
(ERP + payroll)

Ongoing

Fractional finance leadership

Consulting ServicesFractional AccountingInterim CFO / Controller / FP&ABio-Tech / Startups
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