Who We Serve > Financial Services

Financial Services

Increasing regulatory requirements, improvements in technology, declining fee rates and consolidation will shape the future of the financial services industry. The unique complexities of each financial services sub-sector make it imperative to involve advisors with historical industry experience who have an in-depth understanding of the issues.

Riveron’s financial services team brings a broad spectrum of expertise including audit and transaction services backgrounds and operational experience from having served as CFO and controllers ourselves. We help you navigate strict regulatory guidance, specific accounting issues and performance improvement initiatives aimed at keeping companies competitive in an evolving landscape.

Key financial services areas we serve include:

  • Banking and capital markets
  • Asset management
  • Insurance (Life and P&C) and insurance services
  • Insurance brokers
  • Specialty lending
  • Broker-dealers
  • Financial technology

Related Work

Riveron provides SOX assistance and remediation of control deficiencies for a publicly-traded financial services company

Riveron was engaged by a publicly-traded consumer finance services provider to help complete the annual SOX compliance framework and reporting cycle. In addition, the Company faced several material weaknesses and significant deficiencies within their controls framework. Riveron provided the subject matter acumen and technical expertise required to successfully remediate the Company’s internal controls to ensure SOX compliance. Riveron evaluated the controls’ design and implementation, developed test plans, and executed the operating effectiveness tests. The result of Riveron’s partnership with management to successfully achieve SOX compliance for the annual reporting cycle instilled investor confidence in the signed officer certifications included in the Company’s public filings.

Riveron prepares company for valuation of four acquired businesses

Riveron was engaged to assist a private equity investment firm, roughly $1.8 billion AUM, with the rollup strategy for four newly acquired air and heat businesses. After starting the project with financial diligence, Riveron adapted to fulfilling additional client needs. Additional consulting services included valuation data assistance, application of the business combinations guidance and advising on opening balance sheet entries within the client’s ERP platform. These deliverables allowed the auditors to review the methodology for assessing opening balance sheet cut-off and valuation. The timely completion of the valuations for the four acquisitions subsequently allowed for a successful audit and timely issuance of annual audited financial statements.

Riveron optimizes financial processes resulting in cost savings

Riveron guided an environmental waste management company, a portfolio company of the Private Equity client, in their efforts to improve cash flow visibility, alleviate daily borrowing availability issues, and re-engineer their procure-to-pay process with an emphasis on reducing the Company’s outstanding A/P balance. Riveron optimized the Company’s financial situation by developing new FP&A tools, creating a procure to pay future state roadmap, shifting external services in-house and automating the borrowing base template – the latter resulted in increased borrowing availability of $200-300k and allowed the CFO to shift greater focus to strategic initiatives.