Rain

CFO Services
SaaS & Software
July 14, 2020
2
min read

Project summary

Rain

BACKGROUND

Rain is a self-described, scrappy software company based in Springville, Utah. The company offers a cloud-based, all-in-one point-of-sale and website system with integrated inventory that is Mac OS and Windows compatible. Their software includes point-of-sale (POS), website, rentals, service/repairs, class management, and more in one system. The software is designed for small-to-medium-sized specialty retailers (e.g., music stores, scuba retailers, furniture stores, ski and snowboard shops).

CHALLENGE

Rain had built an excellent product and had consistent growing recurring revenue with what they believed were good underlying economics. However, the data supporting their belief wasn’t easily accessible, and they needed a partner to help define and build the systems and procedures that would provide the reliable information they required. Rain’s leadership team sought to bring on a valuable strategic partner that would fit their culture.

SOLUTION

Rain selected Ampleo and one of their CFOs to quarterback the finance and accounting team and processes. Ampleo began with an assessment of the team and found that their practices were leading to less than reliable information. The Rain finance team and Ampleo worked together to improve procedures that led to consistent, reliable, and timely financial reporting. Ampleo also led the implementation of a data analytics tool that provided the company with industry-standard software metrics to measure their business.

Once the time was right in Rain’s growth cycle, Ampleo assisted with the hiring and selection of a full-time senior finance professional. Despite hiring their own replacement, Ampleo remains an advisor to the CEO and is regularly involved in other strategic and operating discussions.

CONTINUED SUCCESS

Rain continues its steady and healthy growth, and has turned the corner into profitability. Entity value has increased significantly and the company is humbly and quietly taking the SMB retail POS world by (rain)storm.

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 Let's Build It

Let's Build the Team That Builds Your Business.

Your people strategy is your growth strategy. Ampleo HR gives you Just Right HR: support to scale with confidence.

 Let's Build It

Let's Build the Team That Builds Your Business.

Your people strategy is your growth strategy. Ampleo HR gives you Just Right HR: support to scale with confidence.

 Let's Build It

Let's Build the Team That Builds Your Business.

Your people strategy is your growth strategy. Ampleo HR gives you Just Right HR: support to scale with confidence.