Accounting Transformation Services

Let us help you modernize your finance and accounting organization with our development, management, and execution of accounting transformation services.

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How Is Financial Accounting Evolving?

Effective finance and accounting teams must function within your organization as strategic business partners. Resources are scarcer than ever, and finance leaders are increasingly tasked with delivering rapid results, reducing financial risk, and providing strategic insight.

Whether your organization is going through transactions, adopting regulatory changes, or simply looking to mature or optimize an existing platform, Cherry Bekaert’s Accounting Transformation team can help you design and implement strategies with results in mind.

We offer customized service offerings powered by an integrated set of technology tools, accelerators, and experienced, versatile consultants to transform your finance and accounting organization. The outcome is repeatable operations, advanced analytics, and actionable information supported by timely and reliable data.

Questions to consider when thinking about transforming your organization:

  • Is your accounting department “future ready”?
  • Are there challenges closing books or reporting financial data?
  • Are timely KPIs important to your business?
  • Considering a new ERP?
  • Thinking of going public?
  • Need GAAP-compliant financials?

Our diagnostic tools and accounting transformation services provide the insights you need to modernize the finance and accounting functions while driving consistency and stability in your organization’s financial data.

How We Can Help

Cherry Bekaert's Accounting Advisory Services practice consists of professionals with extensive experience in developing, managing, and executing accounting transformation services. The group has been delivering similar services in technical accounting and transformation for over 20 years.

Transform Your Finance and Accounting Organization To Enable Your Organizational Evolution

Our methodology helps mature your finance and accounting organization by:

  • Establishing the optimal organizational design, procedures, and policies to support the needs of the business
  • Optimizing processes through the reduction of redundancies and inefficiencies along with increasing standardization and data visualization
  • Benchmarking against industry peers on effectiveness, organizational maturity, and costs of your accounting and finance function
  • Integrating technology for increased productivity and more informed decision-making
  • Leveraging a suite of leading KPIs and metrics in customized dashboards

Accounting Transformation Services To Benefit Your Business

Cherry Bekaert’s Accounting Advisory Services practice is comprised of professionals experienced in the development, management, and execution of accounting transformation services. Our practice is focused on solutions for foundational accounting needs, optimized processes, and advanced digital controllership designed to increase productivity, reduce costs, and improve reporting.

Our well-designed strategies, processes, and insights can transform the accounting function into a value-added part of the organization capable of meeting critical business needs in a cost-effective manner.

The experience of the group is extensive, having delivered similar services on technical accounting and accounting transformation for more than 20 years.  

Accounting Workshop

Envision the Future of Your Accounting Organization

Take advantage of a tailored, facilitated workshop that will provide real solutions to unlock the potential of your organization’s accounting function.

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Our Accounting Transformation Solutions

Strategy and Organizational Design

We develop a functional strategy and organizational alignment aimed at growth, continuous improvement, and operational effectiveness. Our solutions provide the foundation for a strong accounting platform with the ability to scale and integrate future acquisitions and other growth opportunities.

  • Accounting Policy Development & Execution
  • Process Design
  • Post-Acquisition Accounting Integration
  • Operational Accounting Assessment, Including Disclosure Optimization, FTE Benchmarking & Financial Close Process Review  

Business Process Transformation

Faced with increased pressure from economic developments, market complexity, increased regulations, and growing competition, companies must concentrate on gaining efficiencies and optimizing their core business processes. To deliver, there is an increased need to reduce costs by centralizing or outsourcing selected business cycles. However, preparing for and managing the change is crucial to achieving the desired results. Our transformation services can help you understand the vital considerations for a successful transition and the steps to take in order to achieve the associated benefits of optimizing your business cycles.

Digital Asset Transformation

Digital assets, such as cryptocurrency or non-fungible tokens (NFTs), represent the emergence of new technologies that are evolving fast. This emergence, supported by blockchain technology, has challenged traditional industries and business models by removing the need for trusted intermediaries. Understanding the capabilities, opportunities, and associated risks can prepare and position your company to be at the leading edge of adoption and help capitalize on the provided benefits.

  • Cost Basis Tracking & Inventory
  • Historical Forensic Transactional Clean-up
  • Assistance With Tax Compliance
  • Portfolio Analysis
  • Digital Asset Activity & Investment Tracking  

Process Optimization

Our experienced team can create a set of effective, efficient, and repeatable processes to move your organization along the accounting maturity scale. Process optimization enables your company to meet its reporting requirements, reduce inefficiencies and financial risks, and adapt to growth and the increasing complexities of your business and market with ease.

  • Future-State Process Design & Change Management
  • Benchmarking & Gap Analysis  

Digital Controllership

Our Accounting Transformation services practice helps you optimize your data to allow real-time accessibility making it interactive and easy to manage. Through our strategic alliances, such as Microsoft, Salesforce/Tableau, and Alteryx, our accounting solutions help you think differently about your data and execute accounting tasks quickly. Digital controllership allows accounting to be a value-added business partner by providing information to drive smarter decision-making and more impactful business outcomes. We can help provide a deeper understanding of your business performance through the generation of Key Performance Indicators (KPls), facilitating actionable business insights.

  • Analytics & Insight
  • Integrated Software
  • KPI Dashboarding & Planning

Environment, Social, and Governance (ESG) Reporting

Climate unpredictability, natural and man-made disasters, and global warming are causing alarming concerns. Organizations have an overall responsibility to the community to provide ethical standards when making economic decisions apart from accuracy in financial reporting. In pursuit of sustainability, growth, and transparency, companies are disclosing their efforts to include climate-related financial metrics, as well as a discussion of related impacts on the use of estimates and assumptions used for reporting. Early adoption of ESG reporting standards provides an important tool for measuring performance, and companies who opt in stand, to gain more than those who adopt post the codified guidelines.

Strategy and Organizational Design

We develop a functional strategy and organizational alignment aimed at growth, continuous improvement, and operational effectiveness. Our solutions provide the foundation for a strong accounting platform with the ability to scale and integrate future acquisitions and other growth opportunities.

  • Accounting Policy Development & Execution
  • Process Design
  • Post-Acquisition Accounting Integration
  • Operational Accounting Assessment, Including Disclosure Optimization, FTE Benchmarking & Financial Close Process Review  

Business Process Transformation

Faced with increased pressure from economic developments, market complexity, increased regulations, and growing competition, companies must concentrate on gaining efficiencies and optimizing their core business processes. To deliver, there is an increased need to reduce costs by centralizing or outsourcing selected business cycles. However, preparing for and managing the change is crucial to achieving the desired results. Our transformation services can help you understand the vital considerations for a successful transition and the steps to take in order to achieve the associated benefits of optimizing your business cycles.

Digital Asset Transformation

Digital assets, such as cryptocurrency or non-fungible tokens (NFTs), represent the emergence of new technologies that are evolving fast. This emergence, supported by blockchain technology, has challenged traditional industries and business models by removing the need for trusted intermediaries. Understanding the capabilities, opportunities, and associated risks can prepare and position your company to be at the leading edge of adoption and help capitalize on the provided benefits.

  • Cost Basis Tracking & Inventory
  • Historical Forensic Transactional Clean-up
  • Assistance With Tax Compliance
  • Portfolio Analysis
  • Digital Asset Activity & Investment Tracking  

Process Optimization

Our experienced team can create a set of effective, efficient, and repeatable processes to move your organization along the accounting maturity scale. Process optimization enables your company to meet its reporting requirements, reduce inefficiencies and financial risks, and adapt to growth and the increasing complexities of your business and market with ease.

  • Future-State Process Design & Change Management
  • Benchmarking & Gap Analysis  

Digital Controllership

Our Accounting Transformation services practice helps you optimize your data to allow real-time accessibility making it interactive and easy to manage. Through our strategic alliances, such as Microsoft, Salesforce/Tableau, and Alteryx, our accounting solutions help you think differently about your data and execute accounting tasks quickly. Digital controllership allows accounting to be a value-added business partner by providing information to drive smarter decision-making and more impactful business outcomes. We can help provide a deeper understanding of your business performance through the generation of Key Performance Indicators (KPls), facilitating actionable business insights.

  • Analytics & Insight
  • Integrated Software
  • KPI Dashboarding & Planning

Environment, Social, and Governance (ESG) Reporting

Climate unpredictability, natural and man-made disasters, and global warming are causing alarming concerns. Organizations have an overall responsibility to the community to provide ethical standards when making economic decisions apart from accuracy in financial reporting. In pursuit of sustainability, growth, and transparency, companies are disclosing their efforts to include climate-related financial metrics, as well as a discussion of related impacts on the use of estimates and assumptions used for reporting. Early adoption of ESG reporting standards provides an important tool for measuring performance, and companies who opt in stand, to gain more than those who adopt post the codified guidelines.

Our Professionals

Connect With Us

Chase Wright

Accounting Advisory Leader

Partner, Cherry Bekaert Advisory LLC

Kenneth Woodring

Accounting Advisory Services

Director, Cherry Bekaert Advisory LLC

Contact Our Accounting Transformation Professionals