Software
Whether it’s evaluating entity structure at a company’s inception, navigating multi-state tax requirements, or preparing for an acquisition, software company management teams have weighty decisions to make throughout a company’s lifecycle. We leverage our experience working with hundreds of software companies at all stages of maturity to help your business make smart decisions now that will support future growth.
Software companies typically move quickly and need to be able to pivot in response to ever-changing market demands while still maintaining forward momentum in innovation. Our team prepares and stays with you as you chart your course. We do this through entity selection advice, debt and equity management, sales tax reporting, nexus and strategic planning, global tax planning, and tax credits and incentives advisory.
Software-as-a-Service (SaaS)
We understand the distinct challenges Software-as-a-Service (SaaS) companies face, as they continually aim to grow their customer base while simultaneously sustain current subscribers. Churn rates, customer needs, and a competitive environment all contribute to potentially complicated data. Cherry Bekaert’s technology team provides solutions to not only help your SaaS company make sense of its recurring revenue metrics, but to establish accounting infrastructure that can support your business model.
Financial Technology (Fintech)
At the intersection of financial services and technology is an industry vertical crucial to the operations of practically every business, and one that faces ever-changing regulations. We understand the nuances businesses face in this sector, which is driven by a litany of external factors. Our work includes services to companies that offer innovative technology-driven services in areas such as payment solutions, digital banking, and electronic trade processing. To help your fintech company address needs such as strengthening cybersecurity measures, protecting data, or implementing process improvements, our team focuses on risk assessments, business process improvement, accounting advisory, information assurance, and cybersecurity.
Health Technology
The demand for innovation in digital health services and tools has increased dramatically in the last few years. Consumer expectations for the delivery of care and accessibility to data continue to drive innovation among health tech companies. While these companies explore new business models and implement technologies to improve patient outcomes, we work with them—as well as health technology investors—to streamline back-office procedures, claim research and development (R&D) credits, address HIPAA matters, and establish accurate revenue recognition processes.
Tech-enabled Services
From home management automation systems to ride-sharing apps to health monitoring devices, tech-enabled services play integral roles in our personal and professional lives. As these companies grow in popularity and usage, they also face challenges such as scalability, financial management, and cybersecurity concerns. With a holistic approach to serving technology companies through their lifecycle, our team provides guidance and implements solutions for cash flow management, data protection, and scaling operations.
