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Outsourced Finance & Accounting

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Why Us

In order to have impact, you have to focus on your core mission-and that's not financial statements, taxes, HR and payroll, billing, accounts receivable, reconciliations or evolving regulations.

When the question is how to manage it all—and with excellence—the answer can be to let some of it go. Armanino's Outsourced Accounting services team brings 30+ years of specialized experience to the financial and accounting function in private businesses and nonprofit organizations.

With a strong mix of expertise across all financial functions―management, human resources, recruiting, restructuring, reporting, accounting and tax―as well as technology expertise, we can hit the ground running to meet your specific needs. Armanino provides an extraordinary experience to our clients through best-in-class financial accounting and analytical services, delivered through an effective and efficient ecosystem of our people, processes and technology.

Armanino’s services include:

Finance and Accounting Services

By working with Armanino, companies can draw on our more than 30 years of experience providing finance and accounting support to businesses in a range of industries. Our clients have access to our stable of CFOs, the ability to tap into our team of industry experts, and the peace of mind that comes from knowing that our team approach mitigates the risk of losing members of an in-house finance team, and the information that goes with them. We’ll select and manage a set of best-of-breed technical solutions that scales as your company grows, and you get predictable subscription-based pricing that will support every growth stage.

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Outsourced Human Resources Services

Armanino is your full HR services provider. Startups, nonprofits and other lean organizations benefit from outsourcing the required tasks of human resources and accounting while avoiding screening candidates, onboarding and processing payroll for their own team members. By turning to Armanino for your HR services, you can have your leadership focus on meeting the ever-changing demands of the marketplace and scaling for growth.

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Interim Management / Rapid Deployment CFO

Armanino provides interim CFOs and Controllers who work as members of our high-technology client management teams, whether for a few hours a month or full-time. Our serial CFOs have raised money, provided strategy, and led companies through massive growth as well as through adversity. Our serial controllers have experience setting up accounting operations with numerous companies in multiple industries that focus on providing optimized accounting solutions.

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Executive Search

Armanino specializes in Direct Hire placement for CFOs, VPs, Controllers, Directors and Management-level finance and accounting professionals over a broad range of industries. We work with you to create a targeted recruiting plan to identify the level of leadership you need, find top talent, and manage the recruiting process for your organization. Our deep knowledge of financial reporting, internal controls, strategic planning and the many complex accounting challenges that impact organizations gives us the unique ability to connect you with the right people to take your company forward.

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Restructuring Services

Armanino’s restructuring services for investors, lenders, boards, management and other parties in interest improves outcomes for companies in challenged and distressed financial situations. Using a global approach to problem solving, we help clients better understand their options, prioritize them, and drive towards the most attractive scenario while preparing for downside eventualities.

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Approach

We offer outsourced finance and accounting services to provide your organization with timely and accurate financials, and enable you to right-size your accounting department and avoid overpaying for a controller or being under-served by a bookkeeper. Our service contracts include a Cloud accounting software for easy access to your information anytime, anywhere.

Armanino’s outsourcing services help you leverage your internal team for more value-added tasks, while Armanino handles the following business-critical financial challenges:


New Internal Controls

New Internal Controls

If you’re tired of missed deadlines, mysterious manual journal entries and monthly mad scrambles to pull together data, our Outsourced Finance & Accounting team can help.  We specialize in Audit Risk Mitigation: You’ll know the work is being done correctly and on schedule, and your data will be audit- and due diligence-ready, whenever you need it.

No Single Point of Failure

No Single Point of Failure

Outsourcing brings you financial expertise without the expense or human resources risk of hiring full-time staff.  No matter the level of service you need our specialists can step in right away to provided support with outsourcing payroll, accounts payable, or interim CFO support.

Quality of Numbers

Quality of Numbers

If you and your staff are struggling to keep your books balanced, decipher new tax rules or provide transparent reporting to your board, this pulls you away from your organization’s core work.  Armanino provides the checks and balances you need to sleep well at night, knowing that your general ledger and reconciliations are accurate and completed on time.

Document Policies

Document Policies

All growing companies and nonprofits are challenged with meeting the daily demands of customers, donors and program participants. It can seem impossible to find the time to properly document financial policies and procedures, but this is a critical business process that can’t be ignored. Armanino can provide this documentation in an efficient and cost-effective manner, ensuring your organization can stand up to external scrutiny.

Technology Stack

Technology Stack

All too often, nonprofits and smaller businesses are held back by obsolete IT infrastructure that they can’t afford to replace.  If a system upgrade is not in your budget, outsourcing is a cost-effective way to close your technology gap. Your financials are secureavailable only through a protected portaland accessible 24/7 from your desktop and any mobile device. And your company’s financials are easy to track with user-friendly reports.

Reporting Improvements

Reporting Improvements

A for-profit typically reports out to shareholders, creditors and potential investors, who are focused on the bottom line. Private schools and other non-profits report out to their circle of parents, donors, boards and foundations, who all want to know the impact their money is having. Armanino brings industry best practices to each client engagement, streamlining and improving your reporting processes.

Industries

Armanino provides Outsourced Finance & Accounting to a variety of industries.  Our staff of specialists is composed of accountants with Bachelor’s and Master’s degrees and CPA certifications who have an average of ten years of experience.  All of Armanino’s Outsourced Finance & Accounting team members are tested to ensure they have a thorough understanding of accounting principles. We have worked with hundreds of private businesses and nonprofits of every size and with varying requirements. We are skilled and experienced across the spectrum of financial management, reporting, accounting and taxand we talk your language. 

Nonprofit

In a sense, non-profit financial management is more about stewardship than commerce, especially when restricted funds are involved. The reporting must be totally transparent and much easier to examine and understand than that of a for-profit business. Accountability is paramount, and stakeholders want to know how financial decisions affect the organization’s work. Armanino has worked closely with nonprofits for more than 20 years, helping them streamline their finances without adding staff or costly infrastructure, so they can use their resources to achieve their core mission.

Churches & Schools

Armanino has worked closely with private schools and churches for more than 20 years, helping them streamline their finances without adding staff or costly infrastructure, so they can use their resources to achieve their core missions.

Technology

A startup with limited funding and no accounting or IT infrastructure has very different outsourcing needs than an established business with an internal finance team. As your organization grows and evolves, our flexible services also evolve with you.  If you’ve reached the point where an in-house finance staff makes sense, for example, we can seamlessly transfer day-to-day responsibilities to your team and provide consulting expertise for specialized issues like global tax compliance.

Creative Services

Advertising, production and media companies are focused on the next pitch, project or idea. They don't want to be focused on turnover in their accounting department, late financial reporting and filing tax returns. Armanino's creative industry experts can handle all of that, and have worked with more than 400 creative firms to set up bank relationships, business licenses, accounting systems, business tax management strategies, leases and contractual agreements. Our team has expertise working with creative firms of all sizes, and can provide back office services that scale as your company takes on bigger clients and campaigns.

Professional Services

To succeed in a highly competitive marketplace, professional services firms must meet their clients’ high expectations, think strategically and manage their own organizations. Armanino's Outsourced Finance & Accounting services can help manage the finance and accounting pressures companies face, from cash-flow management, generating billing and tax planning to CFO advisory services like forecasting, budgeting and planning for the future. By outsourcing their back offices to Armanino, professional services firms can focus on their clients, resulting in repeat business, a burnished reputation and greater profitability.

Risk Mitigation

separation-of-duties-outsourcing

Our experts know the risks associated with complex financial functions, so they can also help you head off operational risk issues. For example, we can evaluate and redesign your business processes, to make sure there is sufficient separation of duties, and the same person doesn’t receive the mail, handle cash receipts and maintain the accounts receivable records. 

The basic guideline in evaluating or designing a business process with a sufficient separation of duties control is to make sure that the people with custody of assets are different than those with record keeping responsibilities. For example, you do not want the person who receives the mail and handles cash and checks to also be the person who maintains the accounts receivable records. In this scenario, it would be easy for that one person to deposit the checks in an account they control and then cover up the theft by manipulating the accounts receivable records so that everything looks fine.


Technical Accounting

Growing companies often find themselves needing additional resources as they expand and change. Our CFO Advisory Services team helps CFOs with critically important business enhancements and transactions. Our team includes former CEOs, COOs and CFOs of major corporations. They bring a unique set of skills to each project including international expertise, reorganization experience, capital management, and business process redesign.

Experts

Practice Leaders

Jenn McCabe

Partner

David Miller

Partner


Related Experts

Tech

Armanino utilizes leading-edge, sophisticated cloud technology. Your financials are secure—available only through our protected portal—and accessible 24/7 from your desktop and any mobile device. And your company’s financials are easy to track with user-friendly reports. We are certified administrators and our staff is consistently trained and educated for the leading cloud applications:


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Resources

Creating an Effective Board Package - A Guide for Private Company CEOs

CEOs need to compile a package of board materials that’s informative, insightful and provides directors the necessary level of financial detail and analysis.

Is Your Compensation Truly Competitive? - Employee Compensation Checklist

Offering a competitive compensation package is a core need in today’s tight job market. Being offered higher compensation elsewhere is the reason cited by 68 percenti of employees who leave voluntarily.

Foundation Scales Its Operations and Impact With Sage Intacct & Salesforce

Armanino Foundation turns to Sage Intacct, Salesforce and Armanino’s own Outsourced Finance & Accounting experts to help drive its mission forward.

BLKBX Creative Sets Strategy to Combine Discipline & Creativity for Long-Term Success

Growing BLKBX Creative Group turned to Armanino’s strategy team to develop “bulletproof” long-term financial planning strategies to enable the agency to continue their path of success.

CPA.com Success Story

Armanino helps move school client out of the red by providing timely, accurate financial data and dedicated advisory support.

Global SaaS Company Streamlines Stock Option Administration Process

Combining easy-to-use software and outsourced equity support enabled GT Nexus to streamline its stock option administration to save time, improve reporting, and increase the accuracy of stock option accounting.

St. Mary’s School Outsources Financial Reporting to Armanino

Armanino enables school principal to make better spending decisions and increase both the quantity and quality of time she spends on the core mission of educating children.

Standard Change: FASB and IASB to Issue New Approach to Lease Accounting

Up until now, accounting for heavy industrial equipment and shipping containers to office copiers and office space has been fairly straight forward but that is changing.

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