Eventus was hired to build out and own the SEC filing and compliance processes for a newly public company. As the company scaled, our relationship and responsibilities expanded to encompass the finance and accounting processes.
Eventus’ relationship with this company is over five years old. When first introduced, the firm had spent fifteen years perfecting a technology that they were finally ready to commercialize. To raise the necessary funds, the company executed a reverse merger with a new public company. While successful, this added a new managerial burden of meeting public company compliance and accounting
standards. The team lacked that expertise and needed bandwidth given their growth goals. That’s when an investor relations firm recommended Eventus. Over time, Eventus’ role grew with the company supporting not just SEC reporting but accounting and finance as they’ve built complex facilities to ramp up sales.
“When Eventus got involved, the company had just completed a reverse merger and lacked the expertise and bandwidth to meet public company compliance and Accounting standards.”
Eventus deployed best-in-class SEC practices and created a process that optimized for scalability while also ensuring execution. We were able to implement process changes while completing the first SEC filing for the group. We revamped their month close and accounting processes leveraging automation so the data needed for filing was readily available.
Soon after, the client expanded the relationship so Eventus could provide scalable finance and accounting support as their business expanded over time. Our familiarity with the firm made this a natural and easy transition.
After taking over the SEC filing process, the client has not missed a filing deadline and management has not been overburdened. The finance and accounting processes have kept pace and evolved as the company has scaled, built out new facilities, and launched new products.
