News & Insights

Riveron brings a unique perspective on transactions, business transformation and accounting advisory developed through guiding our clients in times of high growth and distress, integrations and separations.

Riveron Receives Growth Investment from New Capital Partner

Dallas, May 16, 2019 – Riveron, a national business advisory firm, announced that an affiliate of H.I.G. Capital (“H.I.G.”), a global investment firm focused on partnering with middle market companies, has entered into a definitive agreement to make a growth investment in Riveron.

Should We Call It a Comeback? Q1 Oil & Gas Industry Update

Global sanctions, OPEC cuts, technological advances, a sleeper capital markets landscape and recent dramatic consolidation efforts dominated oil and gas headlines in early 2019, as the industry appeared to make a swift recovery following a rocky end to last year. But are crude prices on the upswing or is it too soon to call it a comeback?

How to Prepare for a Successful System Implementation

In this joint webinar with IMA, Riveron experts Junaid Samnani, Joel Frantz, Ben Novak, and Jacob Wolfe dive into each step a company should consider and complete prior to implementation using real-life experiences, considerations, and best practices.

Overcoming the Top Challenges of Implementing ASC 842 Lease Accounting Standard

As public companies file their first 10-Qs under the new lease accounting standard, private companies are turning their attention to assessing the impacts of, and implementing, ASC 842.  For many companies, the level of effort required will be significantly greater than that required for the new revenue recognition standard (ASC 606).  We’ve found the following workstreams often require significant commitments of time and resources: lease collection and abstraction; system selection, configuration, and implementation; internal control design and assessment; and accounting policy development.  Below are some key challenges we’ve encountered in implementing ASC 842 for public companies:

Navigating the Challenges of Divesting a Business

When a company decides to sell part of a business, the complex separation process often requires much more preparation and resources than sellers expect. Effective planning and strategic consideration around the structure of the deal and the required financial statements are imperative.

The Benefits of RPA on the Oil and Gas Industry

With the energy industry moving towards becoming increasingly more cost efficient, it is critical, now more than ever, to capitalize on technology and business process efficiencies across the finance and accounting organization. In this webinar, Trintech and Riveron explore the benefits of RPA in the Oil and Gas Industry.

5 Key Takeaways from NetSuite’s 2019 Suiteworld

On April 1-4, 2019, Riveron sponsored SuiteWorld in Las Vegas, the largest gathering of NetSuite users, partners and potential customers with over 7,000 people in attendance.  Our Riveron team was there listening to customers, learning more about the product roadmap and advising on leveraging the full capabilities of the platform.  Here are our key takeaways from SuiteWorld 2019:

Riveron Partners with LeaseQuery to Provide an End-to-End Lease Accounting Solution

ATLANTA, April 9, 2019 – Riveron, a business advisory firm specializing in transactions, accounting advisory and performance improvement, has partnered with LeaseQuery, a leading provider of lease accounting software, to strengthen both firm’s ability to address their client’s complex lease management and accounting needs. Through the partnership, Riveron will receive in-depth training in LeaseQuery’s system thus enhancing their knowledge of LeaseQuery’s capability and functionality.

 

Evaluating the Lease Term Under the New Standard

Determining the term of an identified lease has become a key topic of discussion surrounding the implementation of ASC 842. This determination can have material balance sheet implications where leasing is a significant component of a company’s business. Specifically, if a lease qualifies as short-term, companies may make an accounting policy election not to apply certain balance sheet recognition requirements.

Leadership in Minneapolis

Riveron has significantly enhanced its team based in Minneapolis. This rapid growth includes the onboarding of several new members to the leadership team, including Scott Riser, David Ufheil, and Steve Manko.