Digital marketing firm to go from nearly bankrupt to making six-times its previous revenue with the help of Ascension
Digital Marketing, B2B
Years in Business
Bridges is an Oklahoma City-based digital marketing firm founded by partners Ashley Quintana and Jake Fisher.
Living on the cutting edge of digital marketing strategies, Bridges is the only HubSpot Platinum Certified Agency Partner in the Oklahoma City area.
Working with diverse businesses around the world, Bridges cemented itself as an innovative B2B digital marketing firm.
However, despite the success of Bridges’ clients and some top agency awards, Bridges’ financial situation was becoming challenging. The leadership team was having difficulties reading their financial situation. Things like cash flow or net income were becoming increasingly difficult to assess, especially as their internal team and client roster grew.
When their books became too complicated to be done in-house, Bridges decided to seek outside assistance from a different bookkeeping firm, which wasn’t a good fit. They then tried an online virtual CPA firm which was a “disaster.”
The situation was now dire. Something had to change. Bridges knew they needed to operate more efficiently to continue growing, so they contacted Ascension CPA.
Ascension quickly discovered that Bridges was less than a year away from bankruptcy without significant changes to the way they operated.
Looking for comprehensive help with their bookkeeping, accounting and financial strategy, Bridges decided to utilize Ascension’s all-in-one business accounting and part-time CFO services.
Team members from Ascension worked with Bridges staff to implement the following solutions:
Assumed control of all bookkeeping and accounting functions
Got the books up to date
Helped scale the agency for growth
Developed and implemented a complete financial plan to allow for more advanced profitability measurement and future growth projections
Monitored spending and established strong cash flow and cash management solutions
Helped align long-term goals with the efficiencies needed to reach them
Worked with Bridges leadership to ensure they had a complete understanding of the agency’s financials and position to make solid financial decisions.
Immediate and Long-Term Results
The partnership between Bridges Strategies and Ascension CPA resulted in a successful financial turnaround for the digital marketing firm. Bridges went from operating at a loss and being nearly insolvent to running a healthy profit. Their gross revenue grew to six times what it was when the two firms joined forces.
“Ascension is an essential part of our business success. They do an excellent job of managing our finances and giving us accurate and helpful information so that we can make good decisions. The two principles of Ascension have backgrounds in business finance, banking, and business operations. That expertise helps us beyond just the normal accountant/tax/bookkeeping.”
President of Bridges
Today, Bridges still outsources all of their accounting and bookkeeping services to Ascension in addition to taking advantage of their part-time CFO Services.
A deep and valuable business relationship built on trust continues to grow between the pair.
More Ascension success stories
Ascension CPA Turns Digital Marketing Firm’s Financial Picture Around
Digital marketing firm, Bridges, began enjoying success and growth soon after the firm was created. However, their quick growth brought increasingly...