Aerospace, Defense and Government Services
The aerospace, defense and government services industry is subject to ever-changing geopolitical forces, intense regulations and shifting government spending policies. Companies must grow the bottom line while remaining compliant and delivering value to a complex, demanding customer.
Riveron has experience operating within industry, but also brings a proven approach to change from thousands of consulting engagements. We have an in-depth understanding of the complex accounting regulations to keep our clients in compliance and the leading practices across industry to lower costs while raising efficiency. We partner with companies by providing business process transformation, accounting advisory and transaction services to achieve exceptional results in a turbulent domestic and global economy.
Key aerospace, defense and government services areas we serve include:
- Defense and security
- Logistics and support
- Maintenance, repair and overhaul (MRO)
- Other government services
Riveron implements CPM software for Aerospace Manufacturer
Privately-held aerospace component manufacturer, comprised of entities on 10 different ERP systems, outgrew their excel-based financial consolidation, planning, and reporting/analysis processes. Riveron completed a current state assessment, designed optimized future state record-to-report processes, facilitated a CPM software selection, and led the configuration, testing, and rollout of OneStream XF. The project resulted in shortened monthly close process, increased visibility into financial performance, eliminated audit concerns, freed corporate FP&A and accounting from data entry tasks, and empowered management to make strategic business decisions using real time data.
Riveron prepares a government services company for post-merger integration following recent acquisitions
Riveron supported PAE, a government services provider, through planning and executing the integration of recent acquisitions. Riveron helped to ensure a smooth transition with the successful integration of the chart of accounts, implementation of inventory control procedures, and conversion from a minority to majority ownership. In addition, Riveron conducted a cost impact study on combined segments to assess impact of the value-added on the general and administrative expenses. From implementing the complete revenue process, including documenting revenue recognition conversion and loss contracts memos, to recording opening balance sheet entries, Riveron worked hand-in-hand with the client team to guide them through all process ensuring a successful integration.