Real Results for Real Organisations
Discover how our clients have transformed their accounting operations, reduced costs, and accelerated growth with Plenexia.
How Mitchell & Associates Saved 40% on Operational Costs
Client: Mitchell & Associates CPA
The Challenge
A mid-sized CPA firm with 15 staff members was struggling with rising operational costs, seasonal staffing challenges, and difficulty retaining qualified accountants. Tax season required hiring temporary staff, leading to inconsistent quality.
Our Solution
Plenexia deployed a dedicated team of 5 accountants who integrated seamlessly with the firm's existing workflow using QuickBooks and Lacerte. We handled bookkeeping for 120+ clients, tax preparation for 800+ returns, and monthly financial reporting.
Key Results
- 40% reduction in operational costs within the first year
- Tax season turnaround improved by 35%
- Zero client complaints about quality in 12 months
- Freed up 3 senior CPAs to focus on advisory services
- Revenue grew 25% as the firm could take on more clients
“Plenexia transformed our accounting operations. Their team is incredibly detail-oriented and always delivers ahead of schedule.”
— Sarah Mitchell, Managing Partner
TechVenture Inc. Scales Financial Operations During Rapid Growth
Client: TechVenture Inc.
The Challenge
A fast-growing SaaS startup went from 50 to 200 employees in 18 months. Their in-house bookkeeper could not keep up with the volume. Revenue recognition under ASC 606, multi-entity consolidation, and investor reporting were falling behind.
Our Solution
Plenexia provided a team of 3 specialists including a virtual CFO, a senior accountant, and a bookkeeper. We implemented proper ASC 606 revenue recognition, set up multi-entity reporting in Xero, and created board-ready financial packages.
Key Results
- Revenue recognition fully compliant with ASC 606 within 60 days
- Monthly close reduced from 15 days to 5 days
- Board reporting package automated, saving 20 hours per month
- 50% cost savings compared to hiring equivalent US-based staff
- Successfully supported Series B fundraise with clean financials
“The quality of work from Plenexia is outstanding. They understand the nuances of US accounting standards.”
— David Chen, CFO
Adams Financial Group Doubles Revenue with Outsourced Bookkeeping
Client: Adams Financial Group
The Challenge
A boutique financial advisory firm wanted to add bookkeeping and tax services to their offerings but could not afford to hire a full accounting team. They needed a white-label solution that maintained their brand standards.
Our Solution
Plenexia provided a white-label team of 4 accountants who worked directly under Adams Financial branding. We handled bookkeeping for 80+ clients, prepared individual and business tax returns, and provided monthly management reports.
Key Results
- Revenue doubled within 18 months from new service offerings
- Client retention improved to 98%
- Zero onboarding investment — Plenexia handled all training
- Profit margins improved by 30% on bookkeeping services
- Firm was able to focus on high-value financial advisory work
“Switching to Plenexia was the best decision we made. Their bookkeeping accuracy and responsiveness have helped us focus on growing our advisory practice.”
— Jennifer Adams, Founder
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