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Our CFO Dan Fletcher sat down with GENCFO Community to share his dynamic career path, how Planful is shaping the future of Finance, and why being an effective CFO in 2024 and beyond means leading with curiosity and a passion for building better outcomes. 💡 “Technology is magic. It has the power to make people’s lives better, and digital transformation is the driving force behind it." Read here: https://lnkd.in/dpJKuhSy 

Russell Shapiro recently sat down with Michelle Thompson, CEO of Cherry Bekaert, one of the nation’s largest accounting firms, for an in-depth look at the evolving landscape of the industry. Among other topics, the two examined the impact of Cherry Bekaert’s private equity investment, the advantages of the private equity model, what growth looks like for an accounting firm like Cherry Bekaert, and responses to common challenges of the private equity model. Watch here:

Behind the Scenes: The Unsung Hero of Business Success Chris Miller In the intricate tapestry of modern business operations, there exists a pivotal figure whose contributions often remain obscured from the limelight: the management accountant. While executives and stakeholders may bask in the glory of successful ventures, the astute calculations and strategic insights of these unsung heroes lay the foundation for prosperity. Unveiling the Role A […] https://ift.tt/Cw3oRux

Great insights about the PE buying spree of audit and accounting firms from Chris Clapp, our National Private Equity Lead, in Accounting Today's latest article. Read the full article below. #CrossCountryConsulting #ABetterExperience #privateequity #privatequityfirms #accounting #audit

Partner Russell Shapiro recently sat down with Michelle Thompson, CEO of Cherry Bekaert, for an in-depth look at the evolving landscape of the industry. Among other topics, the two examined the impact of Cherry Bekaert’s PE investment, the advantages of the PE model, what growth looks like for an accounting firm like Cherry Bekaert, and responses to common challenges of the PE model. #PrivateEquity #Accounting Watch here:

⚒ Case Study: Setting the tone and foundation for a new PE owned vertical software investment. 🏦 As Interim CFO of the new investment we had to act fast to build up the foundation for continued success and accelerated growth. ⚙ See how we did it and find out more about our Office of the CFO services for investor backed businesses. We focus on operational improvements and growth initiatives for partners building long term value. https://lnkd.in/eB9iBGFV

Navigating Financial Complexities in a Global Joint Venture In my tenure as Country Manager at a Fortune 500 company, I encountered a significant challenge that tested my financial acumen and strategic decision-making. We had entered into a joint venture, investing millions of USD into a company that, as it turned out, lacked proper documentation for its imported materials. It became evident that the venture wasn't as well-planned as required for such a significant investment. Recognizing the severity of the situation, I called for a full-scale audit, spearheaded by our internal audit team. The findings were concerning, and the recommendation was clear: we needed to establish a robust financial team. I took the lead in assembling a team of three highly competent local finance professionals, well-versed in multinational corporate standards. Together, we delved into every piece of paperwork available, uncovering and addressing various financial discrepancies, from unpaid taxes to customs issues. This meticulous financial overhaul wasn't just about rectifying errors; it was a process of transformation. We undertook a comprehensive renovation to transform the space into a fully functional office, equipped to meet the high standards of our multinational corporation. This new setup included a dedicated room for my use, ensuring effective management and oversight, despite the office being 1200 kilometers away from our central headquarters. This renovation was a crucial step in aligning the joint venture with the global practices and standards of our organization. After a year of consistent, up-to-standard reporting and rigorous financial management, we achieved a remarkable turnaround. Our efforts did not go unnoticed. The parent company, recognizing the value and potential of the joint venture, decided to acquire the remaining shares, transforming it into a subsidiary. This move aligned the venture with the global standards and regulations of our multinational leader, marking a significant milestone in our journey. This experience underscored the importance of thorough due diligence, the power of effective team-building, and the impact of steadfast leadership in steering complex international ventures towards success. #FinancialTurnaround #JointVentureManagement #GlobalBusinessStrategy #CorporateLeadership #MultinationalStandards #StrategicDecisionMaking #BusinessTransformation #DueDiligence #TeamBuildingExcellence #Fortune500Challenges

Widening complexities for the role of the chief financial officer, coupled with a shortage of certified public accountants, are making it hard for mid-sized companies to thrive. As a result, private equity investors are increasingly attracted to the accounting sector. The CPA market is also highly fragmented and is going through various operational challenges. That's where HUB International’s financial sponsor team comes in. We are quickly becoming the go-to advisor for leading private equity firms investing in the accounting sector. Although we may not have master's degrees in accounting, we’ve already advised on four of the largest deals in the industry, and that number is only going up! If you're looking for a reliable insurance M&A advisor for your next big accounting investment, look no further than #TeamHUB. Liz Yarger Jason Stuke Tim Crouse Leigh Speicher #privateequity

“Technology is magic. It has the power to make people’s lives better, and digital transformation is the driving force behind it." Our CFO Dan Fletcher sat down with GENCFO Community to share his dynamic career path, how Planful is shaping the future of Finance, and why being an effective CFO in 2024 and beyond means leading with curiosity and a passion for building better outcomes. 💡 Read here: https://lnkd.in/dpJKuhSy

Here is a great narrative from our CFO about the convergence of finance and technology; the two most critical business functions in today's economy.