Free toolCambridge biotech tracker

Finance as rigorous as your science.

Controller, FP&A, and audit-readiness for life-sciences companies from first close to the clinic. Burn, runway, and board reporting handled end to end, so your team stays at the bench.

Board snapshot · illustrative

Diligence-ready

Does the cash reach the readout?

Today's burn · out at M16 With the plan · out at M24
Phase II readout
TodayM6M12M18M24
Cash on hand
$0.0M
Monthly burn
$1.50M
was $1.50M
Runway
16 mo
+8 mo
  • Monthly closeDay 7 · complete
  • Q3 board packageSent
  • FY audit PBC list42 / 42 delivered

Levent CorbaciFounder,Accel Financials

years in Cambridge biotech
10+
years in Cambridge biotech
from first close to the clinic
Seed–Ph. II
from first close to the clinic

Works inside your stack

NetSuiteQuickBooksDynamics 365PrendioBill.comRampBrexExpensifySAP ConcurTriNetADPWorkdayCartaExcelGoogle Sheets

Who I work with

  1. Stage 01

    Pre-seed & seed

    • First books
    • First controls
    • First board deck
    Stage 1 of 333%
  2. Stage 02

    Series A–B

    • Scalable close
    • Budget vs. actuals
    • Clinical cost forecasting
    Stage 2 of 367%
  3. Stage 03

    Clinical stage

    • CRO accruals
    • Trial-cost modeling
    • Audit and diligence readiness
    Stage 3 of 3100%

Services

Everything a biotech finance function needs, without the headcount.

Engagements are scoped to your stage and team, so you can focus on driving science while the numbers are handled with rigor.

Controller

A foundation that scales

01

From day-to-day bookkeeping to full controller functions. I implement the systems, close process, and internal controls that keep your data accurate, current, and investor-ready as you scale from seed to clinical stage and beyond.

  • 10-business-day monthly close
  • Internal controls and approvals
  • Systems setup and migration
  • Board and investor reporting

Strategic FP&A

Models built for biotech

02

Go beyond balancing the books. Burn-rate analysis, cash-runway extension, scenario planning, and clinical trial cost forecasting, all tuned to the milestones your board actually cares about.

  • Burn and runway scenarios
  • Clinical trial and CRO forecasts
  • Budget vs. actuals and variances
  • Fundraise and use-of-proceeds

Audit & diligence readiness

Audit-ready at any time

03

Audit readiness should never be a fire drill. I keep your records compliant and diligence-ready, whether that's a year-end audit, a Series B data room, or an unexpected investor request.

  • Year-end audit and PBC support
  • Data rooms for fundraising or M&A
  • Revenue and equity accounting
  • Investor and lender requests

How it works

From first call to a finance function that runs itself.

No long onboarding, no mystery. A clear diagnosis, a defined build, then a monthly rhythm your board can set its watch by.

  1. 01Week 1

    Diagnose

    A focused review of your books, systems, burn, and upcoming milestones. You get a written assessment with priorities, not a sales deck.

    • Books
    • Systems
    • Burn
    • Milestones
  2. 02Weeks 2–6

    Build

    Close process, controls, chart of accounts, and the operating model that turns raw ledger data into runway, scenarios, and board metrics.

    • Close process
    • Controls
    • Chart of accounts
    • Operating model
  3. 03Ongoing

    Operate

    A predictable monthly rhythm: close, variance review, runway update, board package. Diligence-ready every single month.

    Every month

    1. 01Close
    2. 02Variance review
    3. 03Runway update
    4. 04Board package

Systems & software

Your tools, not mine.

The stack most Cambridge biotechs already run, or should. I work inside it rather than around it.

17

tools

4

layers

  1. Spend, AP & Procurement

    POs, bills, cards and expenses: where cash leaves.

    • Prendio
    • Bill.com
    • Expensify
    • Ramp
    • Brex
    • SAP Concur
  2. Payroll, HRIS & Equity

    People costs, benefits and the cap table.

    • TriNet
    • ADP Workforce Now
    • Workday
    • Paychex Flex
    • Carta
  3. ERP & General LedgerCore

    The system of record everything posts to.

    • Oracle NetSuite
    • Microsoft Dynamics 365
    • QuickBooks Online

    Posts in from

    • Spend, AP & Procurement
    • Payroll, HRIS & Equity

    Feeds

    • Modeling & Analysis
  4. Modeling & Analysis

    Where the ledger becomes runway, scenarios and board numbers.

    • Excel (advanced modeling)
    • Google Sheets
    • Power Query

    Built on

    • ERP & General Ledger

Planning, in 40 seconds

How a biotech budget becomes a decision.

Plan the year from the work, close every month against it, reforecast when the science moves, and read the result as cash against the calendar. Here is the whole loop for one illustrative company.

Clinical trials$18.5MManufacturing$3.7MPeople$5.4MOverhead$2.4M$30.0M plan for the year$0M$1M$2M$3MJFMAMJJASONDManufacturing batch−$0.3MCRO invoice late:accrue it+$0.3Mtiming, not overspendtodayEnrollment slips a quarter: the peak moves rightYear: $30.0M plan → $31.6M forecast$0M$20M$40M$60M$80MMonth 061218243036Phase 2 readout5 months of cash after the datatoo little to raise on strengthcash out ~month 27
  • Clinical trials
  • Manufacturing
  • People
  • Overhead

Scene 1 of 6

Build the year from the work

A budget starts with each trial, batch and hire, priced and placed in the month it happens. Not last year's spend plus ten percent.

An illustrative company. The numbers are invented; the mechanics are real.

Runway lab

The question every board asks between raises, answered in one picture.

Drag the sliders. A disciplined operating plan doesn't just tidy the books, it moves the date the money runs out, and whether you're raising from strength or necessity.

Cash runway · months

Baseline burn With disciplined FP&A
$0$6M$12M$18M$24MTodayM6M12M18M24M30M36Next raise
Baseline runway
17.1 mo
Mar 2028
With plan
20.2 mo
Jun 2028
Runway gained
+3.0 mo
15% lower burn
Versus raise
Short
Needs 0.8 mo more

Your inputs

$24M
$1.4M
15%
Month 18

Illustrative and linear on purpose. Real models layer CRO milestones, hiring plans, and non-dilutive funding. Want yours built?

Build my real model
.xlsx

Free template

The 36-month biotech runway model, in Excel.

Bottom-up burn from headcount, CRO budgets, CMC batches, and recurring opex. Shifts every trial and the readout together when enrollment slips, and shows cash at readout and runway after readout, which is the number your board actually cares about.

  • Live formulas, no macros
  • Baseline vs. burn-reduction scenario
  • Works in Excel, Numbers, and Sheets

Get the template

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Two-minute self-assessment

Would your books survive a first audit?

Twelve questions a first-audit team will ask, scored and ranked. You get the fixes on the spot; nothing is stored unless you send it.

Take the scorecard
  • 12

    questions a first-audit team will ask

  • 2 min

    to answer, with the fixes on the spot

  • Private

    nothing is stored unless you send it

About

Accounting rigor, strategic instinct.

Levent Corbaci, Controller & FP&A Partner for Biotech

Levent CorbaciFounder

Controller & FP&A PartnerAccel Financials

I work where the ledger meets the boardroom.

For more than a decade I have worked inside the Cambridge biotech ecosystem, helping founders turn burn, runway, and operating data into numbers they can make decisions on.

I've sat inside the finance function at every stage from first close to clinical trials. That means I know which controls matter at seed, which models the board expects at Series B, and which questions auditors and investors will ask before they ask them.

Education

  • MSBoston UniversityFinancial Economics
  • BSNortheastern UniversityFinance & Accounting Management

Stages worked across

  1. 01First Close
  2. 02Seed
  3. 03Series B
  4. 04Clinical

Industry watch

What’s moving in biotech finance.

Headlines from the SEC, FASB watchers, and the biotech trade press, filtered for what a finance team actually needs to know. Refreshed hourly.

Updated Oct 22, 11:29 PM EDT · refreshes hourly

Selected automatically from public feeds. Links open the original publisher.

See all headlines

Contact

Let's talk about your next raise.

Tell me where the company is, from pre-seed to heading into an audit, and what's keeping you up at night.

What happens next

  1. 1

    You send a few lines

    Where the company is and what's pressing. Two sentences is plenty.

  2. 2

    I reply within a business day

    With a point of view on what to fix first, not a pitch.

  3. 3

    A free 30-minute call

    If it's a fit we scope the work. If not, you leave with next steps.

Levent Corbaci

Founder,Accel Financials

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