Accounting & Finance Operations
A highly skilled, finely-tuned accounting and finance organization is critical to producing timely, accurate data and maintaining effective internal controls. Riveron’s two-prong approach focuses on resolving immediate challenges while also identifying and addressing any underlying root causes to eliminate future rework and errors.
Leveraging our diverse industry backgrounds, we design and implement practical solutions aimed at improving the processes and systems on which accounting and finance functions rely. We help companies establish and run operations that are well-positioned for periods of high growth, distress, integration and separation, but most importantly help them survive the everyday.
We are not limited by traditional independence rules because we do not provide audit, review or compilation services. Riveron is an engaged partner, leading companies through identifying, analyzing and concluding on complex accounting and financial reporting matters.
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 designs and develops a fully automated financial planning & analysis process
Riveron guided Motorsport Aftermarket Group, a powersport industry manufacturer, distributor, and retailer, through a redesign of their FP&A process including their financial reporting package. After completion of the current state assessment, annual budget development, reporting, and analyses, Riveron developed an automated process which leverages a single data source to populate three different decks. Riveron also provided planning and forecasting tools to receive consolidated financials for 10 entities. Overall, the financial reporting process duration was reduced from days to hours, allowing the company time to conduct more meaningful analyses moving forward.
Riveron successfully navigated an international public company through a multi-year SEC financial statement restatement
Riveron provided restatement support for a multi-national public company through end-to-end project management, execution of revenue and AR recast to appropriate reporting periods, stock-based compensation and award analyses with restatement of associated expense, audit prep services including SEC reporting, interim accounting management, technical accounting documentation and inventory analysis along with reconciliation support. Riveron’s support of the financial accounting and reporting efforts during the restatement resulted in the company successfully becoming a timely SEC filer again.
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