Woman provides CFO advisory solutions at a meeting

CFO Advisory & Support

Baker Tilly understands the office of the CFO and the unique challenges and complexities that accompany the leadership and execution of a high performing financial organization.

At a glance

Our CFO advisory services team enables finance executives to achieve significant and sustainable improvement towards world-class performance through best-practice based analysis and advisory services.

Baker Tilly's CFO advisory professionals help organizations improve and enhance the value of their financial management capabilities by providing deep insight into client organizations. By leveraging advance technology, we help develop finance organizations that operate "better, faster, and cheaper".

Baker Tilly understands the office of the CFO and the unique challenges and complexities that accompany the leadership and execution of a high performing financial organization.

    The role of the CFO has changed dramatically. In addition to ensuring regulatory compliance, overseeing management reporting and controlling transaction processing, the finance organization is often asked to support enterprise strategic initiatives in an increasingly competitive business environment.

    Organizational leadership has turned to the finance organization to improve strategic decision-making, manage business risks, monitor and improve organization performance, explore the adoption of new technologies and tools, and drive shareholder value. The current focus on more strategic procedures, such as analysis, business partnering and decision support, results in many companies automating transactional functions. These additional responsibilities come at a time when the finance organization continues to be subject to more scrutiny and regulation than ever before, making it difficult to determine where to begin focusing improvement efforts.

    As the role of the CFO continues to expand, precious resources within accounting and finance organizations have naturally become stretched to capacity. CFOs may not have time to ensure important initiatives such as the integration of advanced analytics and transformation of financial functions get the attention they deserve, on top of these structural demands, certain events often drive the requirement for highly capable external teams to provide assistance when it matters most.

    Baker Tilly can help.

    Our CFO advisory services practice focuses on helping CFOs identify, design and implement programs that transform finance to meet today's demanding requirements. We work with CFOs and finance professionals in developing flexible finance organizations that deliver transparent, efficient, forward-looking insight, while at the same time manage risk and compliance, effectively leverage capital and maximize liquidity.

    Our Services

    Finance business solutions

    • Accounts receivable
    • Audit preparation
    • Benchmarking
    • Bill-to-collect
    • GAAP conversions/GAAP compliance
    • Establishing accounting/finance organizations
    • Financial statement close process
    • Interim CFO/Controller
    • Inventory accounting
    • Process improvements — accounting operations
    • Procure-to-pay
    • Quote-to-cash
    • Remediation/controls design
    • Strategic cost management/cost reduction
    • Working capital management/treasury/cash management

    Financial accounting advisory services

    • ASC 606 Revenue Recognition
    • ASC 842 Lease Accounting
    • Business combination
    • GASB 87
    • Hedge accounting
    • IFRS convergence/IFRS 16
    • Transaction readiness (e.g., SPAC, IPO, PE)
    • Post-closing price adjustments
    • Purchase accounting
    • Current Expected Credit Loss (CECL) accounting standard
    • SEC reporting
    • Software capitalization

    Business analytics and decision support

    • Budgeting/management reporting
    • Cash forecasting
    • Driver-based planning
    • Financial forecasting and planning
    • Master data management
    • Profitability analysis/margin analysis
    • Strategic cost management
    • Scenario modeling

    Transaction support

    • Mergers and acquisitions/carve-outs
    • Day 1 plan/100-day plan
    • Post-merger integration
    • Separation management

    Program/project management

    • Project management office (PMO) support