Background
DoorSpace is a SaaS company helping healthcare organizations transform how they retain and develop clinical talent, automating licensing, credentialing, and continuing education so clinicians and employers can collaborate seamlessly.
When Sarah first partnered with Cypher, DoorSpace was at an early inflection point: moving from free pilots to real customers, raising capital, and needing to keep investors confident while staying focused on product and growth.
The Challenge
Before Cypher, DoorSpace was “barely a company” in Sarah's words:
- ✓No real financial system, relying only on a bank account as the record of truth
- ✓No P&L statements or clean financials to share with investors
- ✓Overdue tax filings and compliance risks
- ✓Leadership spread thin between building product, selling to customers, and investor updates
- ✓No capacity (or desire) to manage bookkeeping and financial ops internally
The Approach
Cypher designed a financial foundation for DoorSpace's next stage of growth. This included:
- ✓Setting up a modern accounting system (Xero) tailored to early-stage SaaS
- ✓Catching up on overdue filings and ensuring compliance with tax requirements
- ✓Implementing streamlined invoicing and revenue tracking
- ✓Providing affordable, flat-rate bookkeeping so costs stayed predictable
- ✓Offering on-demand advisory for cap table questions, investor requests, and fundraising support
- ✓Giving Sarah and her co-founder the occasional CFO-level insight they needed, without the expense of a full CFO
The Outcome
With Cypher's support, DoorSpace:
- ✓Transitioned from “doing nothing” financially to running everything correctly and confidently
- ✓Delivered clean, investor-ready financials at every stage
- ✓Never had to worry about whether books were up-to-date
- ✓Gained peace of mind knowing reports and answers were only an email away
- ✓Benefited from trusted guidance on investor and fundraising conversations
- ✓Found a long-term finance partner that scaled affordably with growth