Technical Accounting Advisory
Our Technical Accounting Advisory practice assists corporate accounting with the adoption of new accounting pronouncements, advises on event-driven transactions such as IPOs/audit readiness, and serves as an on-call resource for financial reporting and other general technical accounting support.
- Accounting Standard Implementation Services
- Accounting for Complex Transactions
- Technical Accounting & Financial Reporting
Finance Modernization
As businesses grow, their finance operations must evolve to meet new challenges. However, change can be risky, and achieving ROI is often elusive. Up to 75% of modernization efforts fail because they start with technology rather than strategy.
At Cherry Bekaert, we understand the unique challenges faced by middle-market organizations. Our CFO consultants offer integrated accounting and technology capabilities to help you avoid these pitfalls. We design modernization plans that enhance efficiency, accuracy and maximize technology value. By focusing on strategic planning first, we help your modernization efforts align with your business goals for long-term success.
Key aspects of finance modernization include:
- Process Improvement: Eliminate inefficiencies in transaction processing and streamline the financial close, consolidation and reporting process.
- Automation: Automate routine and manual tasks through technologies like artificial intelligence (AI) and machine learning.
- Data Analytics: Leverage data analytics to gain insights into financial performance, identify trends and make data-driven decisions.
- Technology Upgrades: Implement and optimize finance technology solutions such as ERP systems, CRM systems and cloud-based platforms.
- Cost Reduction: Identify and eliminate unnecessary costs within the finance and accounting function.
- Training and Upskilling Teams: Enable teams to understand and properly leverage new processes and systems and, if needed, evaluate the organizational structure.
Accounting Co-Sourcing Services
Our co-sourcing approach caters to your unique, industry-specific accounting, operational, and financial reporting needs. Our Accounting Advisory practice can assist you in expense reduction, enhancing productivity, managing organizational risks efficiently, and improving the accuracy of your financial reporting, forecasting, and key performance indicators.
- Accounting Services
- Audit Readiness
- Financial Statement Reporting
- FP&A Strategies (Budgeting Oversight & Forecasting)
- Post-Acquisition Assistance
- Operating Accounting
Financial Planning & Analysis
Our financial planning and analysis (FP&A) services provide tailored, scalable support to drive strategic growth and enhance your financial operations. We offer a comprehensive range of solutions to meet your evolving needs, including:
- Financial Operating Model Developments: Design and implement robust financial models to streamline budgeting, forecasting and financial management.
- Cash & Treasury Management: Optimize cash flow and enhance financial stability with precise cash flow forecasting and comprehensive account reconciliation.
- Budgeting, Forecasting & Modeling: Build predictive models and streamline financial processes to support informed decision-making and strategic growth.
- Operating Expense Benchmarking: Analyze and benchmark operating expenses to identify areas for improvement and cost savings.
- KPI Development & Tracking: Define and track key performance indicators to ensure alignment with industry standards and business goals.
- Thirteen-Week Cash Forecasting: Provide a comprehensive overview of cash flow status to inform strategic decisions and manage liquidity challenges.
Our experienced professionals leverage technology-driven insights to help you deploy cost-effective solutions, accelerate decision-making and ignite growth and transformation. Let us help you build a roadmap for long-term financial success.
