Latest news with #CherryBekaert
Business Wire
3 days ago
- Business
- Business Wire
FinQuery Summit Empowers Accounting & Finance Teams to Turn Audit Findings Into Forward Momentum
ATLANTA--(BUSINESS WIRE)--FinQuery, a leading provider of AI-powered accounting automation and financial contract management solutions for over 8,500 organizations, is reminding accounting and finance professionals to register now for its upcoming virtual event, The Post-Audit Playbook Summit: Turning Lessons Into Leverage, taking place June 17, 2025. Designed to help teams turn this year's audit insights into smarter systems and better outcomes, the event brings together real-world stories, expert guidance, and actionable playbooks. An audit reveals... broken processes, hidden inefficiencies, and untapped opportunities. This summit is about turning lessons learned into leverage to help you make smarter decisions about your business. Share This free, 3 CPE-eligible event will feature leaders from top accounting firms and finance teams who have lived through messy audits and come out stronger. Experts from FinQuery, Cherry Bekaert, Embark, and Cardlytics will share post-audit insights and discuss strategies for achieving faster financial closes, improving data quality by automating lease accounting, post-signature contract management, and prepaids and accrual accounting. 'An audit reveals a lot more than compliance gaps,' said Justin Smith, CFO & COO of FinQuery. 'It reveals broken processes, hidden inefficiencies, and untapped opportunities. This summit is about turning lessons learned into leverage to help you make smarter decisions about your business.' Topics will include: How to turn your audit list into a project plan Tips for building future-friendly processes Real examples of automation in lease accounting, prepaids, and accruals Attendees will receive exclusive content and practical resources to help controllers, CFOs, and accountants streamline next year's close and prepare their teams for smarter, more efficient audits. To learn more or register, visit: About FinQuery FinQuery is an AI-powered SaaS platform that automates prepaid and accrual accounting, simplifies lease accounting compliance (ASC 842, IFRS 16, GASB 87 & 96, SFFAS 54, and FRS 102), and centralizes financial contract management. Built for accounting and finance teams, FinQuery empowers more than 36,000 professionals to accelerate their close, streamline budgeting and forecasting, simplify complex accounting, and comply confidently. Learn more at
AU Financial Review
01-06-2025
- Business
- AU Financial Review
Is private equity becoming a money trap?
US equity markets have had a banner run in the years since the COVID-19 market panic. Yet despite the S&P 500 surging nearly 95 per cent over the past five years, US private equity firms are struggling to profitably sell the portfolio companies they have accumulated — nearly 12,000, according to research by Cherry Bekaert. Financial Times
Associated Press
04-04-2025
- Business
- Associated Press
From Inception to Impact: Cherry Bekaert Foundation's First Annual Report Highlights Community Engagement
RALEIGH, N.C., April 4, 2025 /PRNewswire/ -- The Cherry Bekaert Foundation (the Foundation) is proud to unveil its inaugural annual report, detailing the organization's impactful journey from 2023 to 2024. Established as a 501(c)(3) in December 2022, the Foundation has rapidly become a catalyst for positive change in the communities it serves. The report offers a comprehensive overview of initiatives, national partnerships, volunteer efforts, and grant giving, while laying a strong foundation for future endeavors. 'We are thrilled to present our first annual report, reflecting our unwavering commitment to transparency, innovation, and community impact,' says Susan Moser, former Partner and Cherry Bekaert Foundation President. 'We are grateful to our partners, supporters, and dedicated team who have made this journey possible. Together, we are building a brighter future.' Overall, the Foundation's annual report highlights multiple accomplishments, including: Partnership with Junior Achievement: In March 2024, the Foundation announced its first national partnership with Junior Achievement, contributing an initial $100,000 donation. This collaboration aligns with the Foundation's educational focus, offering year-round volunteer opportunities for Cherry Bekaert employees to teach children essential life skills and financial literacy. Volunteer Week: Cherry Bekaert employees united both in person and virtually to support deserving organizations and important causes, collectively volunteering 4,536 hours and donating over $13,000 in 2023 and 2024. Grant Giving and Additional Support: Over the past two years, the Foundation has supported more than 80 charitable and non-profit organizations, with 35 in 2023 and 47 supported in 2024. Hurricane Relief: In response to hurricanes Helene and Milton in the fall of 2024, the Foundation raised $28,000 in relief contributions and matching funds, disbursing $72,000 in grants earmarked for hurricane relief. Explore the full Cherry Bekaert Annual Report here. Learn more by visiting About the Cherry Bekaert Foundation Established in December 2022, the Cherry Bekaert Foundation, a 501(c)(3) organization, gives back to the communities where we live and work. The Foundation seeks to collaborate with and support organizations that align with Cherry Bekaert's shared values, provide impactful resources, and inspire individuals to actively engage with their communities. Visit us at and follow us on LinkedIn. About Cherry Bekaert Cherry Bekaert, ranked among the largest assurance, tax, and advisory firms in the U.S., serves clients across industries in the U.S. and internationally. 'Cherry Bekaert' is the brand name under which Cherry Bekaert LLP and Cherry Bekaert Advisory LLC, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. Cherry Bekaert Advisory LLC is not a licensed CPA firm. Cherry Bekaert LLP is a licensed CPA firm that provides attest services, and Cherry Bekaert Advisory LLC and its subsidiary entities provide business advisory and non-attest services spanning the areas of transaction advisory, risk and accounting advisory, digital solutions, cybersecurity, and tax. We exercise a deliberate curiosity to know our clients' industries and work collaboratively to create shared success. For more details, visit © 2025 Cherry Bekaert. All Rights Reserved.
Associated Press
25-03-2025
- Business
- Associated Press
Cherry Bekaert Achieves Top 20 Status on Accounting Today's 2025 Top 100 Firms List
The Firm Receives Multiple Prestigious Honors From Accounting Today RALEIGH, N.C., March 25, 2025 /PRNewswire/ -- Cherry Bekaert (the Firm) proudly announces its ranking as number 20 on Accounting Today's prestigious 2025 Top 100 Firms List. This recognition underscores Cherry Bekaert's commitment to excellence, innovation and client service in the accounting industry. The annual list showcases the top-grossing accounting firms of 2024, and Cherry Bekaert is honored to be acknowledged for its steadfast dedication to client success and industry leadership. Highlighted within Accounting Today's publication are Cherry Bekaert's strategic growth initiatives and client-focused approach, which have propelled the Firm's ascent in the industry. Over the past year, Cherry Bekaert has achieved significant milestones. Notable developments include the acquisition of Sage reseller Kerr Consulting in August, followed by Microsoft reseller ArcherPoint and solutions developer Suite Engine in October. Additionally, the Firm launched a newly designed website in November and capped the year with the acquisitions of Boston-area firm Katz Nannis + Solomon and Washington, DC-area firm DeBlanc, Murphy & Murphy in December. Cherry Bekaert is also honored to be ranked as the number one firm in the Southeast region. With roots based in Raleigh, NC, this accolade accentuates the Firm's exceptional client service and leadership in the Southeast, reinforcing our strong presence and influence in the Southeast, where we continue to serve a diverse range of clients with tailored solutions. In addition to these achievements, Cherry Bekaert has been distinguished in several other categories by Accounting Today: Leaders in Tax (Firms over $100M): Ranked #6 Leaders in Consulting (Firms over $100M): Ranked #2 Top Tax Firms: Ranked #26 'These rankings are a testament to the talent and dedication of our teams and their unwavering commitment to our clients and the Firm,' said Michelle Thompson, CEO, Cherry Bekaert Advisory LLC. 'We are honored to be recognized as a leader in the accounting and consulting industry and look forward to continuing to provide exceptional service to our clients while achieving even greater success in the future.' These accolades highlight Cherry Bekaert's strategic focus on integration and innovation across its operations, enabling the Firm to offer digitally driven, industry-aligned solutions that address today's business challenges. To view the full report from Accounting Today, download it here. About Cherry Bekaert Cherry Bekaert, ranked among the largest assurance, tax, and advisory firms in the U.S., serves clients across industries in the U.S. and internationally. 'Cherry Bekaert' is the brand name under which Cherry Bekaert LLP and Cherry Bekaert Advisory LLC, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. Cherry Bekaert Advisory LLC is not a licensed CPA firm. Cherry Bekaert LLP is a licensed CPA firm that provides attest services, and Cherry Bekaert Advisory LLC and its subsidiary entities provide business advisory and non-attest services spanning the areas of transaction advisory, risk and accounting advisory, digital solutions, cybersecurity, and tax. We exercise a deliberate curiosity to know our clients' industries and work collaboratively to create shared success. For more details, visit © 2025 Cherry Bekaert. All Rights Reserved.
Yahoo
13-02-2025
- Business
- Yahoo
Private Equity 2024 Year-in-Review and 2025 Outlook: Renewed Optimism in the M&A Market
RALEIGH, N.C., Feb. 13, 2025 /PRNewswire/ -- Cherry Bekaert (the Firm) has released its annual year-end Private Equity Industry Report, highlighting significant developments that impacted the private investment market in 2024. The report reflects renewed optimism for private equity (PE) following two years of decline and destabilization – the longest stretch in over a decade. Featuring data provided by Pitchbook and other sources, including proprietary Firm data, the report provides an in-depth analysis of the PE mergers and acquisitions (M&A) landscape and explores sector-specific trends and opportunities for funds, investors and financial sponsors. Overall, U.S. private equity deal value grew 19% year-over-year, as dealmaking showed strong momentum. While there is still softness in the market, the industry is seeing increased stabilization and normalization, resulting in a generally positive outlook for 2025. A summary of other key findings include: The valuation gap is closing, causing more deals to be completed Signs point to a surge in PE exits in upcoming cycle Megadeals rivaled record levels of 2021 Technology accounted for more than 20% of total buyout value Healthcare PE activity rebounded, spurred by large healthcare services and biopharma deals Improved financing conditions are paving the way for robust dealmaking in 2025 "The PE landscape is poised for continued growth and opportunity in 2025, fueled by innovation, strategic investments and dynamic market conditions," said Scott Moss, Partner and Financial Industry Practice Leader. "Funds that embrace the challenges and seize the opportunities will likely be rewarded." For the past few years, cautious optimism surrounded the PE landscape, but little substantial improvement materialized. As we look ahead, there is renewed hope for growth and abundant dealmaking opportunities, buoyed by increased stability, easing monetary pressures and a relaxed regulatory environment. Read the full report here. About Cherry Bekaert Cherry Bekaert, ranked among the largest assurance, tax, and advisory firms in the U.S., serves clients across industries in the U.S. and internationally. "Cherry Bekaert" is the brand name under which Cherry Bekaert LLP and Cherry Bekaert Advisory LLC, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. Cherry Bekaert Advisory LLC is not a licensed CPA firm. Cherry Bekaert LLP is a licensed CPA firm that provides attest services, and Cherry Bekaert Advisory LLC and its subsidiary entities provide business advisory and non-attest services spanning the areas of transaction advisory, risk and accounting advisory, digital solutions, cybersecurity, and tax. We exercise a deliberate curiosity to know our clients' industries and work collaboratively to create shared success. For more details, visit Cherry Bekaert LLP and Cherry Bekaert Advisory LLC are members of Allinial Global, an accountancy and business advisory global association. Visit us at and follow us on LinkedIn, Facebook, X or Instagram. © 2025 Cherry Bekaert. All Rights Reserved. View original content to download multimedia: SOURCE Cherry Bekaert
