FAQs
Direct answers to the questions we hear most, from investors and from the CEOs and CFOs we work with. If your question isn’t covered here, a senior member of our team will answer it directly.
About Exbo Group
What does Exbo Group do?
Exbo Group is an AI Enabled financial advisory firm serving PE- and VC-backed growth-stage and lower-middle-market companies. We work across four service lines: Transaction Services, CFO & Controllership Advisory, Finance Transformation, and Tax. Our professionals come from Big Four firms, investment banks, and senior FP&A and controllership roles.
Who do you work with?
Two groups, usually connected to the same deal. PE and VC investors engage us for diligence, post-close work, and finance support across their portfolios. CEOs and CFOs of growth-stage and lower-middle-market companies engage us to run or strengthen their finance function. Many engagements involve both: the fund is the buyer, and the portfolio company is the beneficiary.
What does “AI Enabled” mean at Exbo?
It means our workflows were designed around AI from the start, not retrofitted. Our professionals use AI to accelerate data extraction, transaction scanning, reconciliation, and variance analysis, and they bring the judgment, strategy, and communication that no tool can. We are not an AI company. We are a financial advisory firm whose people work faster and go deeper because of the tools built around them.
Is the work done by AI or by people?
By people, every time. AI is a tool our professionals use expertly to speed up the routine parts of an engagement: reconciliations, first-pass analysis, and document review. A senior professional directs the work, reviews everything the tools produce, and owns every conclusion.
Where are you located?
We’re a team of more than a hundred professionals working out of two offices. New York keeps us close to the funds, lenders, and management teams we serve. Kolkata gives us a second base of skilled finance and accounting talent and keeps engagements moving across time zones. One team, and the same standard of work in both.
Which industries do you know best?
Five: Business Services, Field Services, AI and Software, Healthcare, and Education. We specialize in software, services, and asset-light businesses, and we understand the financial complexity specific to each, from ASC 606 revenue recognition in SaaS to payor mix in healthcare. We’re not learning your industry on your engagement.
Working with Exbo
What does the start of an engagement look like?
A scoping call first, so we understand what you actually need. For ongoing finance work, a senior lead is assigned within the first week, followed by an onboarding and accounting assessment that benchmarks your current books against GAAP. For diligence, we scope the transaction and set a read-out date on your timeline.
How do you price your work?
Each engagement is scoped and priced individually, based on what’s included and how the work is structured. Our engagements are designed and scaled for growth-stage and lower-middle-market companies, and pricing reflects that focus. The scoping call is where we get specific.
Can an engagement grow or shrink as our needs change?
Yes. We scale up when you’re mid-audit, mid-diligence, or absorbing an acquisition, and scale back down when the peak passes. There’s no full-time commitment, and Surge Support exists for exactly these moments.
Can we hire someone from your team full time after an engagement?
No. Exbo is a consulting firm, not a staffing agency. Apart from a small number of subject matter experts, our workforce is made up of full-time Exbo employees rather than contractors, and we don’t offer the option to hire them at the end of an engagement.
For investors
How fast can you turn a QoE?
In as little as 21 days, with 100% transaction coverage. Our professionals use AI to scan every transaction rather than sample, restating to a GAAP basis at the transaction level before normalizations and pro-forma adjustments. On smaller add-ons, QoE Lite narrows the scope to completeness, revenue quality, gross margin, and a directional EBITDA. Venture rounds run in three weeks or less, often with a read-out in two.
How is your diligence different from other providers?
Most providers produce a databook and a report, then move on. Because we restate every transaction to GAAP before running diligence, our databook stays useful after close: the same transaction-level detail lets us remediate the books so internal reporting matches what the deal was underwritten on. The final report is investor-grade and regularly shared with investment committees, co-investors, LPs, lenders, and insurers.
What happens after the deal closes?
The same team that ran your diligence carries the work forward. We roll the databook through close, prepare the closing statement to finalize purchase price (typically within 60 to 90 days), handle the purchase price allocation under ASC 805, and can integrate the target’s data onto your platform’s systems. Nothing gets lost in a handoff to a firm that has never seen the business.
Can you support companies across our portfolio?
Yes, and many funds engage us exactly this way. We place senior, sector-experienced finance leadership into portfolio companies, run finance transformation and integration on add-ons, and standardize tax across the portfolio. You engage us once, and we embed where the work is.
For CEOs and CFOs
We can’t justify a full-time CFO yet. Are we too early for you?
No, that’s exactly who we’re built for. We place a senior finance leader with Big Four and FP&A experience who knows your sector, sized to what your company needs now. They use AI to move quickly through the routine work, so your engagement is spent on judgment, strategy, and board preparation, and it scales as you grow.
What’s the difference between CFO support and controllership support?
CFO support owns the forward-looking work: the financial model, budgeting, cash runway, board reporting, and investor relationships. Controllership owns the accounting function and the monthly close, delivering audit-ready, GAAP financials with clean reconciliations. Many clients use both, and some need a controller reporting into an existing CFO.
What will we receive each month?
Board-ready financial statements closed on time, every month. The standard package covers the P&L, balance sheet, cash flow, and variance analysis, plus the operating and financial KPIs your board tracks. Where we support an existing CFO, the package is customized to feed their model.
Which finance systems do you work with?
We work across the platforms growth-stage and lower-middle-market finance functions actually run on:
- Accounting and ERP. NetSuite, Sage Intacct, QuickBooks Online, and Joiin for multi-entity consolidation.
- Billing and AR. Stripe, Tabs, Maxio, Chargebee, NetSuite SuiteBilling, and Bill.com.
- AP, payments, and expense. Ramp, Bill.com, Brex, Expensify, Mesh, Zip, and Deel for contractor and global payments.
- Payroll and HR. Rippling, Gusto, ADP, and Justworks.
- Sales tax. Anrok and Avalara.
- FP&A and reporting. Datarails, Cube, Runway Financial, Abacum, Mosaic, and Planful.
If you run on something not listed here, we’ll still work in it. We also implement new systems, integrate an acquisition’s stack onto the platform’s back office, and build the workflows and controls around them.
Will you replace our existing finance team?
Only if that’s what you need. We often work alongside an existing team: a controller reporting into your CFO, FP&A support for a finance leader under pressure from the deal team, or short-term capacity during an audit or system cutover. The engagement is shaped around the gap, not a fixed model.
