Tammy Wolcott, LBMC W Squared (Nashville Business Radio, Episode 36)
Tammy Wolcott and her sister founded W Squared sixteen years ago to offer fractional business process services. Now as a part of LBMC, the firm provides an integrated financial, accounting, and procurement suite of services which cure back-office headaches and support the growth needs of a wide range of small to medium-sized companies. Tammy joined host John Ray to discuss her passion for her work, client success stories, how she and her LBMC W Squared team work with clients, and much more. Nashville Business Radio is produced virtually from the Nashville studio of Business RadioX®.
LBMC W Squared
LBMC is a Forbes Best Accounting Firm and Accounting Today Top 50 Firm in the nation serving approximately 10,000 clients with diverse needs across a spectrum of industries. Named a 2021 Best Workplace in Consulting & Professional Services, LBMC has more than 750 team members, with offices in Chattanooga, Nashville (Brentwood), and Knoxville, TN, and Charlotte, NC.
At W Squared, they take a collaborative, goal-oriented approach to work with you and your business. They want to be a cornerstone for their clients’ success by partnering to deliver optimal integrated solutions for accounting, finance, and procurement, that provide scalability, efficiency, and value.
Whether you are a start-up looking for a speedy solution or an established business concerned with the impact of growth on internal culture, W Squared offers a comprehensive, blended solution from the top down—from strategy and leadership to simple transactions.
With an appreciation of the importance of sensitivity, assimilation and seamless integration, W Squared takes the posture of your organization and behaves as an internal department, not an external consultant. Their relationships are built on trust and focus on definitive outcomes rather than mere recommendations. Through a collaborative, goal-oriented approach, they mobilize and energize companies of all types and sizes – from start-ups to enterprise organizations.
The W Squared model of business process partnering continues to be borne out with repeat customers and a strong track record over a range of industries, including healthcare services, technology, medical devices, retail, social media, and SAAS. Success breeds success, and they are constantly proving it.
Tammy Wolcott, Chief Executive Officer, LBMC W Squared
Tammy Wolcott co-founded W Squared in 2005, which became part of the LBMC Family of Companies through acquisition in 2017. Tammy currently serves as President and Chief Executive Officer of LBMC W Squared, growing the company and providing guidance to all of the core infrastructure service offerings with particular emphasis on Finance, Accounting and Procurement. LBMC W Squared leverages scalable Finance & Accounting systems, people, and processes typically in place for large companies in a fractional outsourced model for small to medium-sized businesses. LBMC and W Squared have been recognized with multiple awards, including the Chamber of Commerce Future 50, Nashville Entrepreneur of the Year Finalist, Best in Business Finalist and Inc. Magazine’s fastest-growing private companies.
Prior to founding W Squared, Tammy served as Vice President, Corporate Controller and Treasurer of CHD Meridian Healthcare (predecessor to the Take Care division of Walgreens). During her six years with the company, she was responsible for the Corporate Finance function as it grew to over $200M in revenue. Her responsibilities included consolidation of 36 legal entities, management of required reporting for senior lenders, oversight of centralized payroll for 1,800 employees, management of the company’s cash concentration and investment strategies, and the integration of internal processes to provide improved cash flow and efficient use of personnel. Tammy was also responsible for establishing both internal management reports and external public reports to comply with SEC guidelines and the review of internal controls and processes to comply with the Sarbannes-Oxley Act.
Before joining CHD Meridian Healthcare, Tammy served as National Director of Human Resources and as Assistant Controller Surgical Care Affiliates, Inc. and was instrumental in growing the company from three to 60 surgery centers during her nine-year tenure. Tammy played a key role in standardizing the accounting process and training for business managers, developing a consolidated cash management program, and creating a national benefits program for 1,500 employees.
Tammy has served on the Board of the Nashville Healthcare Council, the Board of Visitors for the Lipscomb University College of Business, the Harpeth Hall School Board of Directors and has been a presenter/panelist at business and start-up company forums with the Nashville Entrepreneur Center, Smart Business Dealmakers, the Social Enterprise Alliance, Baker Donelson, Vanderbilt University Owen Graduate School of Management and Lipscomb University College of Business.
A Nashville native, Tammy graduated from the Harpeth Hall School, attended the University of North Carolina–Chapel Hill and received her BS in Accounting from the University of Tennessee. Her charity passions include Nations Ministry which assists refugee families in Nashville, Warner Parks, the Land Trust for Tennessee and the Harpeth Hall School. She currently works with On the Avenue which provides job training in the arts and creative endeavors to people with disabilities.
Nashville Business Radio is hosted by John Ray and produced virtually from the Nashville studio of Business RadioX®. You can find the full archive of shows by following this link. The show is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, Amazon, iHeart Radio, Stitcher, TuneIn, and others.