SOURCE: The Team Group

The Team Group

August 13, 2013 11:00 ET

Team Group Launches Finance and Administrative Services Package for Entrepreneurs

Team Services Division Replaces Fractional Leadership Staffing, Improving Efficiency and Reducing Cost, and Letting Entrepreneurs Focus on Their Products and Customers

SAN DIEGO, CA--(Marketwired - Aug 13, 2013) - The Team Group today announced the public launch of Team Services, a new division focused on providing entrepreneurs with a platform and extended outsourced team to handle all core finance and accounting tasks. Team Services manages HR, accounting, Board reporting, cash management and other key administrative and financial tasks so that entrepreneurs can focus on their businesses.

"As seasoned entrepreneurs who have built and sold many businesses, we've learned that most entrepreneurs either hire and build their finance and administrative teams too early or too late. We've formed Team Services to provide today's entrepreneurs a 'goldilocks' solution -- an affordable alternative to diverting key early investments from products and customers that also gives them confidence that all key finance and administrative affairs are professional grade," said Clifford T. Boro, the Team Group's managing partner and cofounder.

Team Services has built a platform on top of the most commonly SaaS-based accounting and administrative tools used by enterprises. Using cloud-based technology, Team Services clients maintain complete visibility and ultimate financial control of their businesses. Team Services staff are very experienced former venture-backed CFOs, controllers and bookkeepers. Unlike many fractional CFO or service providers, Team Services does not charge on an hourly basis, which creates stress and unpredictability. Instead, Team Services deeply assesses the needs and sophistication of clients and sets a fixed monthly retainer.

The Team Services offering was created to support angel and seed-funded entrepreneurs through their Series A funding and well in to the Series B lifecycle. As companies achieve scale and reach the point when it is prudent for them to have their own internal teams, the Team Services group helps to ensure a smooth transition.

"Team Services has enabled Orchestrate to hit the ground running," said Matt Heitzenroder, cofounder and chief operating officer of Orchestrate. We've been able to rapidly hire and build our business since closing on our venture round -- with confidence that our HR, accounting and reporting functions are at a world-class standard. The Team Services staff have been incredibly helpful and they operate as extended team members."

For more information on the Team Group or Team Services, please visit http://theteamgrp.com/.

About the Team Group:
The Team Group is dedicated to advising, investing and helping entrepreneurs to scale their businesses. Formed by longtime serial-entrepreneurs and investors, the Team Group has two divisions: Team Services provides entrepreneurs with a platform and extended outsourced team to handle all core finance and accounting tasks. Team Services manages HR, accounting, Board reporting, cash management and other key administrative and financial tasks so that entrepreneurs can focus on their businesses and Team Ventures provides entrepreneurs with strategic, tactical and financial support. Team Ventures invests both capital and deep-execution assistance and gets involved with portfolio companies as co-founders, board members and key advisors.

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