Finance & Accounting Co-Sourcing
We provide the capacity and capability to augment in-house teams and can assist your organization at the level it needs. Our experienced team can assist with:
- Financial Close & Operational Accounting Processes
- Technical Accounting
- Accounting Reconciliations & Remediation
- Financial Statement Preparation
- SEC & Private Company Reporting
- Audit Assistance
- Controllership Project Management & Organization (PMO)
- Training & Transition Planning for Corporate Accounting
Technical Accounting
Our Technical Accounting Advisory Services provide experienced guidance and support to help your organization navigate complex accounting issues. We offer tailored solutions to improve accuracy, compliance, and efficiency in your financial reporting, including:
- Accounting Standard Implementation: Assistance with adopting new accounting pronouncements and ensuring compliance with Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS) and Securities and Exchange Commission (SEC) requirements, audit readiness and restatements.
- Event-Driven Transactions: Support for IPO readiness, audit readiness, mergers & acquisitions (M&A), carve-outs and other significant financial events.
- Financial Statement Conversions: Transition from cash to accrual, IFRS (or other international GAAP) to U.S. GAAP, or American Institute of Certified Public Accountants (AICPA) to Public Company Accounting Oversight Board (PCAOB) accounting requirements.
- Financial Reporting: On-call resources for financial reporting – both SEC and private company.
- Accounting Policy Development: Document accounting policies by providing specialized knowledge and guidance to ensure that the policies are comprehensive and compliant with regulatory standards.
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.
Technology Advisory & ERP Implementation and Optimization
Enterprise resource planning (ERP) systems are essential for modern finance operations. We provide ERP implementation and optimization services that allow your systems to work seamlessly across all departments, not just finance. Our approach to system conversion and modernization allows your ERP solutions to support finance and operations, facilitating comprehensive business integration.
Ensuring ERP systems are designed for cross-departmental use is critical, as finance-only systems can hinder operational efficiency. Our solutions uncover key insights you can share with your executive team, informing business growth and decision-making processes.
We deliver tailored ERP solutions that enhance your organization’s operational efficiency and strategic decision-making. Our team ensures that your ERP systems, including NetSuite, SAP, Oracle, Microsoft, Sage, and Workday, are optimized for cross-departmental use. This provides a unified system that supports both finance and operations.
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.
Recruiting and Staffing Services
In the face of continued talent shortages and skill gaps, Cordia Resources by Cherry Bekaert help you fill accounting, finance, HR, IT, and operational roles as your organization grows. With national reach, we provide professional staffing solutions to help build effective teams with a blend of financial and technological skills, customizing staffing solutions to meet specific needs, and enhancing efficiency through quick placement of qualified candidates, organizations can focus on implementing modernization projects without delays.
- Temporary Staffing
- Permanent Placement Services
- Senior Management Consulting Services
- Executive Search & Recruiting Services
