Revolve Technologies

Secure financing to fund your growth with strong financial management

The advice and tools developed by the BDC team significantly improved our company’s financial management practices, decision-making, and access to financing to support our growth.

The company helps organizations of all sizes by finding, comparing and curating telecom solutions tailored to their specific needs.

About the company

With a global network of over 200 telecom carriers, Revolve Technologies has access to the best technologies at the most competitive rates for its clients.

Location: Montreal, Quebec

Industry: Information technology

Entrepreneur challenge

Revolve Technologies was growing rapidly, doubling its revenues every year. The company needed additional financing to maintain this pace and take its growth to the next level. To convince its lenders, it first needed to better understand, structure and present its historical and actual financial results. Based in Montreal and White Plains, New York, the company also wanted to prepare financial forecasts based on sound assumptions for each of its business lines. With limited internal accounting and financial expertise, the company needed specialized guidance to move forward efficiently.

BDC expertise

Understanding the specifics of its business model, BDC’s financial management specialists analyzed the company’s financial statements and proposed solutions to improve several financial processes and practices, including an overhaul of the chart of accounts (revenues, expenses, assets, liabilities), transactions recording and financial statements presentation, ongoing cash flow management, period-end management reports, and budget planning. BDC also helped Revolve Technologies develop and implement effective financial management tools, such as a financial forecasting tool, a continuous liquidity management tool, and a reporting tool for preparing monthly comparative management reports to compare actual results to forecasts.

Results

Complete overhaul of the chart of accounts of the two legal entities (Canada/United States), by facilitating the comparison of results
Greater autonomy in terms of financial management best practices
Improved liquidity management and presentation of financial statements
Better position to continue the growth of the company, with an objective to quadruple revenues over the next 12 months
Informed decision-making as a result of a better understanding of financial results and access to powerful management reports
Access to additional financing supported by a clear presentation of the company’s financial situation

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