Meet four founders who levelled up their business with clever finance management

This post is also available in: Danish

Building and scaling a company is a daunting task. Balancing business, managing finances, and keeping focused on what’s important on a rapid growth journey are challenges for most founders.

“We see that across our client portfolio. It gives us a purpose, and that’s why we’re in the business of assisting early-stage growth companies in all aspects of their financial needs, from bookkeeping to budgeting, reporting and cash flow management,” explains Christian Dideriksen, founder of the venture finance firm Dideriksen Company.

The venture finance firm provides advisory services to growth companies across Denmark. And the goal is simple: To relieve their financial headaches and support growth.

“As a founder, the most common challenges revolve around manual and inefficient financial processes, lack of organisational knowledge and resources and missing links between the commercial traction and the company’s financials,” says Tina Dideriksen, financial advisor at Dideriksen Co.

Here, you will find four examples of the best practice solutions Dideriksen Co has helped implement in Danish growth companies.

About Dideriksen Company

Dideriksen Company is a venture finance firm that provides advisory services to growth companies across Denmark. It is a partner for VCs’ management and support of their portfolio companies.

Services: Accounting/bookkeeping, financial management, budgeting, reporting, liquidity management, financial transformation and fundraising

Sectors: Growth companies across sectors including B2B SaaS, consumer goods, deeptech, e-commerce, edtech, fintech, hardware, healthtechIt's all about bringing in new ideas and making healthcare more innovative across the whole system: To make healthcare easier to access and help patients. More, AI and greentech.

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Decision Makers: Automating accounting and financial management

Dideriksen Company helped Decision Makers upgrade their ERP system (accounting software), automate financial processes and manage the bookkeeping:

“At Decision Makers, we wanted to automate our financial management so we could use our energy on the tasks we enjoy,” says Nina Ulrik Jensen, co-founder of Decision Makers.

“Today, we have an automated financial setup, which means we no longer need to spend hours on bookkeeping or bank reconciliation. Additionally, Dideriksen Company has helped us gain an overview of our finances and budget,” adds Nicolai Sabro Hansen, co-founder of Decision Makers.

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CYKOM: Aligning finance and business operations

Dideriksen Company provided an interim CFO solution to CYKOM following their successful 13,000,000 DKK fundraising (also driven by Dideriksen Company) and subsequent search for their CFO:

“They understand the processes in startups and scaleups, which is invaluable when aligning finance and business operations. Additionally, it’s fantastic that, as a founder, you can access a very high level of expertise and valuable advice at a manageable cost, even if you can’t hire a full-time CFO and finance department. As a bonus, I discovered that Dideriksen Company has a great deal of business understanding. If desired, they assist with the entire case, not just the financial aspect,” says Oscar Bjørn-Rosager, founder and CEO of CYKOM.

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HHC Medical: Overview of spending

Dideriksen Company assisted HHC Medical in setting up their budgeting and reporting procedures, providing automated management reporting and supporting HHC Medical on an ongoing basis with bookkeeping controlling. Niels Clausen, co-founder and CEO of HHC Medical, highlights three key elements of the successful collaboration:

• We need our bookkeeping to run smoothly. We want to know how we spend money from month to month. Dideriksen Company allowed us to execute that.
• We wish to minimise the administrative work as much as possible, as it does not directly contribute to our core competencies. Dideriksen Company provide us with peace of mind so we can focus our time and, most importantly, our energy on our business.
• Dideriksen Company is quick and effective in their follow-up. They think ahead of us and prioritise our interests. Tasks are handled promptly, intelligently, and cost-effectively.

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The Organic Crave Company: Saving time and providing value

Dideriksen Company has assisted The Organic Crave Company in the setup of an automated bookkeeping system and structured processes that allowed the founders to spend much less time on general bookkeeping and payment handling:

“With assistance from Dideriksen Company, we’ve established an automated financial setup that streamlines many of our workflows and is well integrated into our company. It’s anchored by Dideriksen Company, so we spend much less time on general bookkeeping and handling payments,” says Rafael de Souza Andersen, co-founder and CEO of The Organic Crave Company.