Raleigh, N.C.-based IPA 100 firm Cherry Bekaert (FY23 net revenue of $572 million) has announced the launch of its new Finance Modernization solution designed to equip businesses and CFOs with a robust accounting and financial foundation to support growth. This launch expands the firm’s comprehensive portfolio of accounting and advisory services, aiding businesses in modernizing and navigating the complexities of business transformation, technology and data integration, team training and upskilling, ROI analysis and streamlining business processes.
As organizations scale in size and complexity, they are often hamstrung by outdated, manual systems and inefficient financial processes. The Finance Modernization solution—emphasizing a finance-first strategy rather than a tech-first approach—aims to assist middle-market businesses in identifying their optimal path for growth and technology integration. The Cherry Bekaert team collaborates closely with CFOs and leadership to guide financial transformation within organizations, taking a holistic, proven approach in evaluating people, process, technology and data.
“Our approach to finance modernization is grounded in the realities mid-market CFOs face—running finance operations efficiently to enable business innovation and growth,” said Roy Nicholson, business optimization partner, Cherry Bekaert Advisory LLC. “Modernization goes beyond just adopting the latest tools—it’s about empowering teams to operate more strategically and efficiently. Our people-focused approach delivers practical end-to-end solutions that enhance functionality and reduce the risks associated with navigating complex modernization efforts, allowing finance teams to redirect their time toward strategic priorities.”
Unlike disruptive or technology-centric transformations, Cherry Bekaert’s Finance Modernization solution meets CFOs and finance leaders where they are, identifying what’s working, fixing what’s not and scaling what’s next, with solutions grounded in people, operational needs and growth goals. The result is a roadmap that identifies quick wins and outlines ways to drive ROI in the first 30, 60 and 90 days of starting Finance Modernization, as well as the steps needed for long-term improvement. The outcomes CFOs see as a result may include more efficient processes that lead to faster cycle times, improved cash flow and better forecast accuracy to inform key business decisions. In addition, the solution assists mid-market companies in overcoming talent shortages and skills gaps by enhancing systems and processes, while offering outsourced solutions and training as needed.
