When Elias, Co-Founder and CEO of Mobileup, reached out to FS Partners – The Scaleup Desk, they were in the midst of preparing for the SEF Growth Assessment. They needed a partner who could help them create a robust financial plan and provide guidance on navigating complex challenges. And that’s where our story with Mobileup begins…
Can you briefly outline the starting point of the mandate?
«We were searching for a partner who could help us develop a solid financial plan. FS Partners was recommended to us because of their expertise in financial coaching and deep understanding of startups. Our goal was to improve our cash flow forecasting and profitability metrics.»
What stood out during the collaboration?
«The experience was highly positive. The smooth collaboration and the dedicated effort of Tom Schlup stood out, particularly his ability to create a straightforward and understandable financial model. He helped us refine our KPIs, improve cash flow forecasting, and track our performance on a deeper level than before.»
How did FS Partners – The Scaleup Desk contribute to achieving your objectives?
«They guided us in setting more accurate KPIs and offered in-depth financial planning, enabling us to track performance more effectively on a monthly basis. We now have more accuracy in cash-flow planning and detailed profitability metrics, which were significantly enhanced through this collaboration.»
Anything else you’d like to share?
«The personalized approach of FS Partners – The Scaleup Desk really set them apart. Tom’s flexibility and ability to quickly develop an accurate financial plan with minimal effort from our side were key benefits. The guidance was invaluable, and we look forward to continuing our collaboration.»
Thank you, Elias, for sharing your journey with us. We’re excited to see Mobileup’s growth and success!
«Seeing Mobileup gradually adapt to the new model and recognize the advantages was incredibly rewarding.»
At FS Partners – The Scaleup Desk, we strive to provide hands-on, strategic support to startups and scaleups. When Mobileup partnered with us, they sought to revise and optimize their financial model for a more comprehensive approach to their business operations. That’s where Tom Schlups work began…
Tom, what was your main objective during the collaboration?
«We aimed to refine their financial model to bridge the gap between operational and financial understanding, giving the team insight into how their activities impact the business from a financial perspective.»
What were some of the challenges, and how did you tackle them
«As with many such projects, the initial challenge was managing limited financial information and the busy schedules of the management team. By asking targeted questions, we efficiently gathered the necessary data and created an initial draft model. This draft allowed us to clarify further details and refine the model to align it with expected developments quickly.»
What impact did the collaboration have on mobileup?
«Our contributions enabled the mobileup team to make more informed, data-driven decisions on a daily basis. By integrating profit orientation and cash flow planning on both a monthly and annual level, we helped them gain a more comprehensive and strategic financial view of their operations.»
Reflecting on the experience, what stood out for you?
«Seeing the mobileup team gradually adapt to the new model and recognize the advantages was incredibly rewarding. It’s fulfilling to watch a team leverage our expertise to improve their financial clarity and planning capabilities.»
We’re proud to have contributed to mobileup’s financial planning journey, and we look forward to seeing their continued growth and success!
