Case Study: Supporting uFlexReward’s Lean Growth Strategy

Case Study: Supporting uFlexReward’s Lean Growth Strategy

uFlexReward manages global employee rewards reporting into a listed company. Here’s how they replaced their full-time CFO with fractional finance support and stayed audit-ready while scaling.

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uFlexReward manages global employee rewards reporting into a listed company. Here’s how they replaced their full-time CFO with fractional finance support and stayed audit-ready while scaling.

uFlexReward is a fast-moving technology company that helps businesses manage total employee rewards – pulling salary, bonus, benefits and share plan data into a single real-time platform. Reporting into a global public company, uFlexReward faces all the audit and compliance demands of a listed business – but operates with a lean, agile startup mindset.

When CEO Leigh Bornstein decided it was time to rethink how they handled finance, she had a clear goal: Keep the team light. Stay strategic. Avoid the cost and complexity of an in-house CFO.

“I don’t think startups really need full-time CFOs,” Leigh explains. “What they need is flexibility – someone who can handle the day-to-day financials, but also be a real strategic partner when needed. That’s what I was looking for.”

After speaking to several providers, Leigh chose Standard Ledger.

Why? Unlike many firms offering only accounting services, Standard Ledger combined fractional finance support with true CFO-level strategic input – exactly what uFlexReward needed to stay compliant, audit-ready and agile.

If you’re considering a similar approach for your startup, find out how our fractional CFO service works.

Making the Shift

Standard Ledger helped uFlexReward transition from a traditional finance structure to a fractional model, handling everything from audit prep to monthly reporting – without losing the strategic insight Leigh needed as CEO.

“There were a few bumps at the start, which you’d expect when you’re changing how you work,” Leigh says. “But once Michael Budnow (Managing Partner) got directly involved, it was night and day. He really took the time to understand our business – not just file accounts, but support decision-making at a strategic level.”

Today, the partnership has helped uFlexReward:

  • Save time and cost by operating without a full-time CFO.
  • Stay compliant with public company reporting requirements.
  • Keep leadership focus where it matters – on scaling the business.

“It’s made a huge difference to me personally,” Leigh adds. “Being able to lean on a trusted finance partner lets me focus more on my CEO and COO responsibilities.”

A Model Built for the Future

For Leigh, working with Standard Ledger is about more than just finance – it’s about changing how startups think about building leadership teams.

“Fractional C-Suite support is the future,” she says. “I’ve already recommended Standard Ledger to other founders. The flexibility and strategic support they offer has been a game-changer for us.”

If you’d like to explore whether a fractional model could work for your business, get in touch with our UK team.

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Frequently asked questions

Yes – uFlexReward is a good example of exactly that. Despite reporting into a global listed company with full audit and compliance obligations, they operate with a lean team using our fractional model. The key is pairing day-to-day financial management with CFO-level strategic input so nothing falls through the cracks on compliance while leadership stays focused on growth.

It varies by client, but for companies like uFlexReward it covers everything from monthly reporting and audit preparation to strategic decision-making support at the CEO level. We work as an extension of the leadership team rather than as an external supplier – which is what makes the arrangement genuinely useful rather than just a compliance exercise.

There’s usually a settling-in period as we get to grips with how a business works – that’s normal for any change in how finance operates. Once we’re properly embedded and understand the business, most founders tell us the transition was worth it. The goal is always to minimise disruption and get to value as quickly as possible.

A good signal is when you need strategic financial input – for fundraising, board reporting, compliance or growth planning – but a full-time CFO hire isn’t justified by your current stage or budget. If you’re spending time on financial decisions that could be handled by someone more experienced, or you’re carrying compliance risk because finance isn’t being handled at the right level, it’s worth a conversation.

Leigh specifically wanted a partner who could handle both day-to-day financials and strategic CFO-level input – not just bookkeeping or accounting. That combination is what differentiates us from traditional accounting firms. Most providers offer one or the other; we’re built to offer both, which matters for companies at uFlexReward’s stage.

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