Accounting and finance optimization
Accounting is very complex—you don't have room for error
As your company grows in complexity, demands on the finance team escalate, and the need for accurate, real-time reporting becomes imperative for management to make strategic decisions. RSM can provide a systematic and scalable approach to successfully grow the finance function and ensure accurate and timely reporting.
Following a transformative growth event such as a merger and acquisition transaction, keeping pace with increased financial reporting requirements can be difficult. Ongoing labor shortages have made it even more of a challenge to attract and retain qualified finance talent, and evolving financial requirements within highly regulated industries call for more nuance and detail than ever necessary in the past.
RSM’s experienced advisors will elevate your accounting and finance functions from both a technical and operational standpoint, supporting the growth of your business and providing you with extensive industry and technical experience. We support your internal finance team by developing a closing framework generating greater efficiencies and optimization throughout the finance function. We collaborate with management to identify the potential need for standardization and automation. These services can be provided as one-off projects or under a managed service model.
With an effective foundation in place, your internal personnel can transition from managing increased back-office demands to driving more strategic value and decision-making for your organization. Your team can quickly and confidently close the books and access the necessary data to tell the real story of your business on an ongoing basis.
In addition, with integrated tools and reporting, you can deliver the right financial data no matter the stakeholder group, including your board of directors, investors, private equity fund managers, or auditors. You also have the flexibility to deliver accurate and efficient generally accepted accounting principle reporting, as well as more detailed business reporting for key stakeholders.
Helping your finance function evolve to an optimal state
We help our clients reach their optimal state by evaluating and progressing your organization through three defined phases.
- Our team evaluates your environment and ensures you have what you need to meet your specific financial reporting needs.
- Examples include moving your company to generally accepted accounting principles and/or adopting new standards.
- We work with you to ensure the financial reporting is prepared considering the various users, including but not limited to management, third-party investors (including debt and equity), board of directors, and third-party auditors.
- We evaluate automation opportunities that free up critical resources from redundant tasks.
- We implement standardized reporting packages for consistency within your data. We can also implement technology tools to increase efficiency within your financial function.
- If you have outgrown an environment reliant on Excel spreadsheets or accounting software such as QuickBooks, we can help you upgrade to a more extensive and functional enterprise resource planning solution to manage more complex reporting requirements.
- We create specific reporting packages for your bank, board of directors, and other stakeholders.
- Our advisors perform financial planning and analysis modeling to support ongoing growth. Leveraging business intelligence tools, we create a dashboard allowing real-time changes to help with strategic planning.
- We develop a process improvement strategy, targeting measurable operational enhancements to increase value.
Insights from our accounting and finance optimization professionals
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Solutions for evolving finance functions
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