Let's Talk

About

Two firms. One lens.

faascloud was built at the intersection of strategic finance and operational finance.

Our story

Why faascloud exists

Michael Shafman founded Nexcloud Consulting in August 2020, focused on modernizing accounting processes with cloud technology so growing companies could scale their operations without scaling their overhead.

Eugene Bomba formed FaaS Partners in April 2022, working with technology startups and owner-managed companies in a virtual CFO capacity: strategic finance, cash flow forecasts, and managing relationships with banks, boards, and investors.

The two firms collaborated on many shared clients, and the synergies were undeniable. In April 2024 they merged to form faascloud: a team that can hold the investor narrative and the chart of accounts in the same breath. Clients get one team, one lens.

Toronto-based, serving clients across North America.

What we believe

How the work should actually feel

We embed, we don't visit.

The team is in Slack, in cross-functional meetings, and regularly with leadership. A part-time internal team member, not an external vendor who surfaces once a month with a package of slides. That presence means catching things early and giving advice grounded in how the business actually operates.

Forward and backward, one team.

Strategic finance and operational finance are usually siloed: different people, different firms, different conversations. faascloud holds both, so clients never translate between two worlds.

We've sat in your seat.

The team has lived inside companies and held operational roles. That shapes how we ask questions, how we build models, and how we communicate with founders, operators, and boards: pragmatic, not just technically correct.

Numbers you can trust, because the systems connect.

The analytics layer closes the gap between financial and operational data, so leadership runs on a single, trusted source of truth.

Leadership

Led by finance operators who've done the work

Founder access, senior attention: clients work directly with the co-CEOs and the senior team, not an account layer.

Eugene Bomba, CPA

Co-CEO

Strategic finance and virtual CFO background; founded FaaS Partners. Supports startups and owner-managed companies through growth, planning, fundraising, and relationships with banks, boards, and investors.

Michael Shafman, CPA

Co-CEO

Cloud accounting and finance systems background; founded Nexcloud Consulting. Dext Advisory Council and WagePAC Council member, focused on modern finance operations and practical technology adoption.

"We were introduced to Eugene and team through a trusted recommendation from one of our board members, and they've exceeded our expectations from day one. They quickly transformed our finance function, modernizing our systems and processes while seamlessly taking ownership of everything from FP&A and cash flow forecasting to AP management. faascloud has become an invaluable extension of our leadership team, providing critical support in board and investor discussions and consistently standing by us through every challenge we've faced."

James Wu, Innerspace

Xero and QBO certified.

Many of our team members hold their CPA designation. faascloud is not a registered CPA firm and does not provide public accounting services; see the note in the footer below.

What clients say

"Before faascloud, we had a part-time fractional CFO and a part-time junior controller. Two years in with their team, we have the depth and breadth of a full finance function at exactly the stage we need it: senior CFO thinking, insights from across their portfolio of startup clients, and a strong bench so coverage is seamless, even when someone’s on vacation."

Nicole Smith, Flytographer

"We were introduced to Eugene and team through a trusted recommendation from one of our board members, and they've exceeded our expectations from day one. They quickly transformed our finance function, modernizing our systems and processes while seamlessly taking ownership of everything from FP&A and cash flow forecasting to AP management. faascloud has become an invaluable extension of our leadership team, providing critical support in board and investor discussions and consistently standing by us through every challenge we've faced."

James Wu, Innerspace

"Having bookkeeping, accounting, payroll, CFO services, and analytics under one roof has been a game changer for us. We have a single point of contact and full, live visibility into our data and financials."

Tessa McLoughlin, KWENCH - Coworking & Culture Club

"faascloud was an incredible partner throughout our growth journey. As a fast-growing startup, we relied heavily on their bookkeeping, CFO guidance, and financial modeling to help us make confident decisions as we scaled. Their team is smart, responsive, and genuinely invested in your success. They felt like an extension of our leadership team, and I can’t recommend them highly enough for any company that’s growing quickly."

Julie Durnan, Ginger Desk

"faascloud embedded themselves into our business quickly, got deeply aligned with our operations, and gave our leadership team and board the financial clarity we've needed. They don't just report the numbers; they dig in to understand them and strategize with us to solve problems. We finally have a true business partner in finance."

Cory York, Webware

Ready to build a finance function that scales with you?

Tell us where the business is today and what stronger finance support would make possible. We will come back with a practical starting point.

Let's Talk See how we work

Finance, made personal

You can rely on our financial data analytics services for clear direction

As an ambitious business leader in Toronto, you need financial data analytics services that look forward instead of backward. We provide strategic advisory, proactive controllership, and integrated data reporting to help you make faster decisions. Our team operates as an invested internal partner rather than a distant external vendor. Every metric we track connects directly to your broader operational goals and daily workflows.

Business leader reviewing financial data analytics

Finance, made personal

faascloud builds strategic financial partners.

Ambitious chief executive officers often outgrow their early accounting setups. You need near real time financial transparency to make fast and accurate decisions. We provide an operationally fluent finance team that acts as an invested partner to connect your raw numbers directly to your overall business strategy.

Schedule a Consultation

Faascloud finance team collaborating with a leadership group

We deliver proactive financial management that bridges the gap between raw numbers and long term business strategy.

Great finance isn't just about reporting on the past. It's about creating clarity for the future.

faascloud was founded on the belief that businesses deserve more than a traditional fractional finance relationship. Too often, companies are forced to choose between strategic financial guidance and operational excellence—between a CFO who helps shape the future and a finance team that ensures the business runs smoothly behind the scenes.

We believed there was a better way.

faascloud was established in April 2024 by Michael Shafman and Eugene Bomba after years of collaborating through their respective firms.

Michael founded Nexcloud Consulting in 2020, helping businesses modernize accounting operations through cloud technology, process improvement, and scalable financial infrastructure.

Eugene founded FaaS Partners in 2022, advising technology startups and owner-managed businesses on strategic finance, cash flow management, fundraising, and executive decision-making.

As they partnered on more engagements, a clear pattern emerged. Clients experienced the greatest value when strategic finance and operational finance worked together—not as separate services, but as one integrated function.

That insight became the foundation of faascloud.

Today, we combine strategic financial leadership with operational execution, giving clients a finance partner capable of supporting everything from board meetings and investor conversations to month-end reporting, process optimization, and financial infrastructure. Instead of managing multiple advisors with different perspectives, our clients work with one team aligned around a single objective: helping their business make better decisions.

Our philosophy is simple—we don't operate as an outside consultant.

We become an extension of your leadership team.

That means participating in planning sessions, collaborating across departments, staying close to day-to-day operations, and understanding the context behind the numbers. By embedding ourselves within the business, we're able to provide advice that's practical, timely, and rooted in operational reality rather than spreadsheets alone.

This approach is possible because our team has lived on both sides of the table. Before becoming advisors, we built careers inside growing companies, leading finance, operations, and business transformation initiatives firsthand. That operational experience shapes everything we do, allowing us to bridge the gap between financial theory and business execution.

As our clients continued to scale, we identified another challenge that extended beyond finance itself. Leadership teams often lacked a single, trusted source of truth because financial reporting, operational metrics, and business systems existed in separate silos.

To solve that problem, we expanded our capabilities with FaaS Analytics.

FaaS Analytics brings financial and operational data together through modern reporting infrastructure, automation, cloud technologies, and AI-driven solutions. The result is greater visibility, faster decision-making, and confidence that every leadership conversation is built on consistent, reliable information.

At faascloud, we believe finance should do more than measure business performance—it should help drive it.

By combining strategic finance, operational expertise, and modern technology, we help ambitious companies build stronger foundations, make better decisions, and scale with confidence.

Because the best finance teams don't simply report where a business has been. They help shape where it's going.

"Before faascloud, we had a part-time fractional CFO and a part-time junior controller. Two years in with their team, we have the depth and breadth of a full finance function at exactly the stage we need it: senior CFO thinking, insights from across their portfolio of startup clients, and a strong bench so coverage is seamless, even when someone’s on vacation."

Nicole Smith

Flytographer

"We were introduced to Eugene and team through a trusted recommendation from one of our board members, and they've exceeded our expectations from day one. They quickly transformed our finance function, modernizing our systems and processes while seamlessly taking ownership of everything from FP&A and cash flow forecasting to AP management. faascloud has become an invaluable extension of our leadership team, providing critical support in board and investor discussions and consistently standing by us through every challenge we've faced."

James Wu

Innerspace

"Having bookkeeping, accounting, payroll, CFO services, and analytics under one roof has been a game changer for us. We have a single point of contact and full, live visibility into our data and financials."

Tessa McLoughlin

KWENCH - Coworking & Culture Club

"faascloud was an incredible partner throughout our growth journey. As a fast-growing startup, we relied heavily on their bookkeeping, CFO guidance, and financial modeling to help us make confident decisions as we scaled. Their team is smart, responsive, and genuinely invested in your success. They felt like an extension of our leadership team, and I can’t recommend them highly enough for any company that’s growing quickly."

Julie Durnan

Ginger Desk

"faascloud embedded themselves into our business quickly, got deeply aligned with our operations, and gave our leadership team and board the financial clarity we've needed. They don't just report the numbers; they dig in to understand them and strategize with us to solve problems. We finally have a true business partner in finance."

Cory York

Webware

I build finance teams that drive operational fluency and strategic growth.

Eugene Bomba

My name is Eugene Bomba. I spent years observing how traditional accounting setups fail ambitious leaders. Many executives struggle because their financial systems look backward instead of forward. I wanted to create a solution that gives founders the immediate transparency they actually need.

I started my career working deep inside corporate operations. I quickly realized that basic financial reporting is never enough for fast decision making. Business leaders need context that goes beyond standard spreadsheets. They require a clear connection between their daily metrics and their broader goals. I saw firsthand how siloed advisory and bookkeeping services create unnecessary friction. That realization led me to develop a completely integrated approach. I wanted to build a team that functions exactly like an internal department. We actively participate in cross functional meetings and daily communications. This deep involvement allows us to catch potential issues early. We build models and infrastructure based on how a business actually runs. My focus is always on providing pragmatic and actionable advice. I am passionate about giving you the confidence to scale your operations effectively.

How can our experts help you scale your business faster?

It is time to move past the limitations of traditional accounting. Partner with a corporate finance advisory firm that actually understands your daily operations. As a modern Financial Institution, we provide the strategic financial partners you need to succeed.

Let's Talk