Freeing Up Focus: How BrightIron Helped Specific Biologics Shift from Bookkeeping to Breakthroughs

Specific Biologics is on a mission to develop cutting-edge gene editing technologies that treat disease at the source—inside the body, at the genetic level. The founders were managing the financial reporting themselves but realized their time was better spent focused on growing the business. That’s when they brought in BrightIron. We stepped in to take bookkeeping off their plate and give them confidence that their financial reporting was accurate, timely, and fully handled.

Specific Biologics had been managing financial reporting internally, with the founders handling much of the work themselves. As the company grew, they recognized the need to shift their focus toward scaling the business and R&D efforts, while still maintaining a high level of financial accuracy and compliance.

They needed a trusted partner to take ownership of the bookkeeping, improve their reporting processes, and prepare the company for future growth and investor expectations.

BrightIron stepped in to transition the day-to-day financial reporting and bookkeeping responsibilities from the founders, freeing up their time to focus on driving the business forward. Our team took over the entry of all financial transactions into QuickBooks Online and transitioned the company’s financial statements to accrual accounting, laying the foundation for better visibility and more accurate financial data.

We managed Specific Biologics’ payroll processing and took the lead on their year-end external audit, ensuring compliance and reducing the operational burden on the internal team. BrightIron also created and implemented clear accounting policies tailored to the company’s stage and structure.

To support both internal decision-making and external reporting needs, we developed an expense segmentation approach that allowed the company to track project-specific costs with precision—essential for biotech operations. With BrightIron in place, the founders had peace of mind knowing their financials were being handled professionally, with a scalable system to support their future growth.