Toptal elevates financial planning for healthtech SaaS company.
Toptal partnered with a healthtech SaaS company to revamp its outdated financial model, enhancing revenue tracking and enabling more informed decision-making.
Client
A U.S.-based healthtech company developing technology-driven solutions for wellness and physical performance.
Industry
Healthcare and Life SciencesDelivered Services
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Schedule a CallChallenge
The company’s outdated financial model obscured crucial metrics, such as required funds and cash runway, complicating both internal decision-making and investor communications.
Solution
Custom Financial Model
Toptal developed a tailored, Excel-based financial model that incorporated various revenue streams (e.g., SaaS, services, and hybrid) providing clear visibility into financial metrics and enabling more accurate planning.
Ongoing FP&A Support
Toptal extended its role beyond the initial model development, providing ongoing financial planning and analysis (FP&A) support, including weekly re-forecasting, month-end close analysis, and regular reporting to the executive team.
Outcome
Optimized Decision-making
The new financial model facilitated precise decision-making, allowing the company to plan effectively and respond quickly to financial needs, ultimately supporting timely fundraising efforts.
Cost Savings
By providing FP&A support at a reduced cost, Toptal saved the company a significant amount of money over three years, enhancing financial management without the overhead of a full-time, onshore consultant.
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