Tailored Solutions for Complex Business Challenges
Watch the video and learn how Bonadio’s Advisory & Consulting team can help your business succeed. Our services include outsourced accounting and finance, cybersecurity, internal audit, fraud investigation, and M&A advisory. With over 160 advisory and consulting professionals, we deliver tailored solutions to improve operational efficiency and profitability, mitigate risk, and unlock your business’s full potential.
Video Transcript:
How The Bonadio Group Advisory & Consulting Team Supports Your Growth
At The Bonadio Group, our advisory and consulting professionals begin by genuinely understanding the client, their mission, and strategic plan. This ensures that when we assign professionals to assist, we help them achieve their full potential.
The Bonadio Group has an extensive group of consultants in the advisory space. What we see often is clients looking to hire an individual skill set, and what we provide is a tailored solution. We assist clients with a wide range of challenges, whether it’s concerns about operational efficiency, profitability, or risk mitigation. We like them to think of us as an extension of their team. They’re also going to get to know the Bonadio staff and partners supporting them. Overall, it’s a very collaborative process.
Anytime we take on a project with a client, the first thing we do is speak with leadership and schedule interviews with the entire organization. That way, we learn what’s going on in the organization and the problems they may face. Our advisory professionals have a broad range of skills, whether it’s fraud examiners, internal control specialists, cybersecurity experts, or technical accounting.
Our professionals are ready to help clients with any problem they may encounter in the day-to-day operations of their business. If you have a concern or have already identified a problem, our team can investigate and help you fix it.
Strategic Advisory & Executive Decision-Making
The Strategic Advisory Team works with owners and executive teams, using their data and benchmarking to help them make decisions for their organization. It’s always helpful to have an outside opinion in the boardroom when you’re making tough, strategic decisions for the organization.
Beyond supporting day-to-day operations, we also help businesses with transactions. We might help them maximize their value for a potential sale, or we might assist them with succession planning. Our deliverable might be a defined report or a roadmap to success, or advice based on benchmarking or industry standards to give you the confidence to move forward.
Outsource Accounting & Finance Solutions
The Bonadio Group’s outsourced accounting and finance team brings a wealth of services and expertise.
Currently, we have over 50 people who provide outsourced accounting solutions where we do the day-to-day accounting, finance, reporting, month-end close, all those different things, but also have the bench to be able to work with our other teams that are in advisory. We’ve always been a firm that has wanted to develop industry-level expertise and provide our clients with specialized skill sets through accounting, automation, and technology tools that bring data to life for them, helping them make key business decisions.
Our goal is to meet client expectations, and that starts at the beginning: we talk about what keeps you up at night, then build our services, expertise, and solutions around making sure you get a good night’s sleep.
Cybersecurity & Reputation Protection (FoxPointe Solutions)
At FoxPointe Solutions, we’re responsible for protecting your reputation. So we offer a myriad of solutions that are predicated upon identifying risks and vulnerabilities to your organization.
We have a world-class group of individuals who help our customers identify, understand, and, most importantly, remediate cybersecurity risk. FoxPointe Solutions’ goal is to educate our customers so that, in the event of a breach or incident, they know the processes they need to follow to remediate issues and get back up and running.
The end goal for FoxPointe customers is to keep them out of the news.
Internal Audit & Risk Controls
Our internal audit team brings clarity to complexity. Internal audits can be a very powerful strategic tool to monitor performance, increase operational efficiencies, and mitigate risk. Through our extensive experience with internal audits, internal controls, and working with regulators and external auditors, clients benefit from knowledge that’s often difficult, if not impossible, to duplicate in-house, from enterprise-wide risk audits and analyses to tailored consulting engagements.
Our professionals address each client’s unique needs with a team of over 50 internal audit and controls professionals. We’ve helped thousands of organizations by delivering practical recommendations and strategies designed to mitigate risk and enhance organizational values.
Corporate Finance & Exit Transactions
Our corporate finance team typically assists clients with large, critical financial transactions, including buying or selling a business. It is designed to help them achieve growth, liquidity, and succession.
Most clients consider an exit transaction only once in their careers. Our team does that day in, and day out, so we bring experience and expertise to the table that our clients typically don’t have.
Fraud Investigation & Forensic Accounting
Bonadio’s Fraud and Forensics team works with all types of businesses. We work with government agencies, law enforcement organizations, and attorneys to help prevent, detect, and investigate fraud. Sometimes a client comes to us and already knows fraud has occurred. They may need help determining exactly how much was lost, how it happened, and what controls to strengthen to prevent it from happening again. Other times, the situation isn’t nearly as clear.
A business owner, government official, or attorney may have a suspicion, or there may be an allegation or a whistleblower claim. Maybe they’ve identified unusual transactions that raise questions. They want answers. And that’s where we come in. One of the first things we do is work with the client to define the engagement scope.
We discuss the areas that present the greatest risk and the time frame we should examine. Is it one year or three years? Every situation is different. So, we tailor our approach to each client’s specific facts and circumstances. We also provide litigation support and expert witness services. In general terms, whenever someone needs a reliable financial number for economic damages or lost profits, we’re often relied upon to provide our independent expert opinion.
The Bonadio "One-Firm" Collaborative Approach
For our strategic advisory professionals, no two clients or projects are the same. We love customizing approaches to help clients achieve their objectives. We have 160-plus professionals in our advisory and consulting division. We have a professional who focuses on every service and specializes in every industry.
At The Bonadio Group, we take a one-firm approach to client service, which means that no matter the client problem or the service they need, we will find the right place in the firm for you, and we have the professionals to assist you.
Bonadio Video Participants:
- Tim Ball, CFE Partner, Advisory & Consulting, Service Line Leader
- Gregg Genovese, Outsource Accounting & Finance, Practice Lead
- Charlie Wood, FoxPointe Solutions, Practice Lead
- Jeff Lewis, Corporate Finance, Practice Lead
- Brian Lafountain, CPA, CFE, Fraud & Forensics, Partner
- Mallory Conway, CIA, CRCM, Partner, Internal Audit