Milestone helps E-gineering strengthen its financial operations and scale with confidence.

“There’s real peace of mind in knowing that professionals have your back. We’ve gone from a small company to a mid-size company, and Milestone helped us make that transition. After all these years, we still believe in Tom, his team, and what they stand for.” Andrew Peterson, E-gineering – Founder & CFO

Situation

As E-gineering evolved from a small team into a mid-size consulting firm, its financial processes became increasingly complex. Andrew Peterson, who had been handling all accounting tasks alone for ten years, found himself stretched thin. The company needed more oversight, formalized processes, and a scalable system for managing accrual accounting, month-end close, billable-time alignment, and financial reporting. Without additional support, the workload was becoming unsustainable and posed a risk to accuracy, continuity, and future growth.

Solution

E-gineering partnered with Milestone to take over its accounting operations and provide a deeper level of financial expertise. Milestone documented processes, stabilized reporting, introduced modern financial tools, and offered a team-based approach that ensured redundancy and consistency. Their guidance helped E-gineering fully understand and implement accrual accounting, streamline workflows, and create a financial structure capable of supporting long-term growth.

Outcome

With Milestone managing its back-office financial operations, E-gineering experienced immediate improvements in accuracy, consistency, and time savings. Andrew gained the freedom to step back from day-to-day accounting tasks and focus on higher-level planning. The leadership team benefited from clearer financial reporting and more reliable forecasting, enabling them to make informed decisions as the company scaled. The partnership provided peace of mind, strengthened operational stability, and positioned E-gineering for continued growth and success.

 E-gineering was founded in 2000 by four partners who wanted to build a stable, family-friendly consulting career without constant travel. Based in Indianapolis, the company began by specializing in Microsoft and Java development before expanding into mobile app development, project management, QA, DevOps, and most recently, AI-focused education and workshops. Over the years, E-gineering has grown steadily, evolving from a four-person team into an organization of 85 employees.

As the company grew, so did the complexity of its financial operations. For a decade, co-founder Andrew Peterson managed all of the company’s finances on his own. Although he had a strong analytical background and a personal interest in accounting, it became increasingly clear that the financial function needed more structure, oversight, and long-term scalability. Andrew recognized the importance of bringing in additional support, both to ensure accuracy and to prepare the company for the future.

“When our accountant left, I stepped in,” Andrew explains. “I’m not an accountant, really more of a glorified bookkeeper. I’m very process-driven and particular about how things are done, and for years that worked. But as we grew, it was clear we needed more professional oversight. I didn’t want to be the only set of eyes on our financials anymore.”

Through their banker, E-gineering was introduced to Milestone. From the outset, Andrew saw the value in partnering with a team that could bring additional professionalism, accountability, and guidance to the company’s financial operations. Milestone stepped in to formalize processes, clean up accrual accounting, stabilize month-end reporting, and bring clarity to areas like prepaids, depreciation, and billable-time alignment, tasks that had become increasingly difficult for Andrew to manage alone.

Milestone also helped modernize E-gineering’s financial technology stack. Tools like Bill.com and later Ramp streamlined workflows, improved visibility, and reduced manual busywork. Just as importantly, Milestone’s fractional staffing model provided built-in redundancy and process documentation, ensuring that if a team member took time off or transitioned roles, E-gineering would never experience a gap in support.

“The maturity they brought to our accounting really helped us,” Andrew says. “Everything became more consistent, our expenses were steadier month to month, our revenue matched the time we logged, and our reports finally told a complete story. It allowed our leadership to understand where we stood financially, especially with the forecasting tools they introduced early on.”

With Milestone as a trusted partner, E-gineering strengthened its financial foundation, gained clarity in its reporting, and reclaimed valuable leadership time that had previously been spent on manual accounting tasks. Today, as the company continues to grow and expand its services, Milestone remains a key partner in supporting its long-term stability and success.

Andrew adds, “I look forward to many more years of working together.”

To learn more please contact:
Info@milestone.inc