Client Advisory Services
Is your close moving as fast as your board needs answers?
Finance teams are under constant pressure to deliver timely, accurate information, scale efficiently, and turn financial data into insight, often with limited resources and growing complexity. When accounting workflows break down or close cycles take too long, visibility suffers and decision-making slows.
Our Client Advisory Services (CAS) professionals help strengthen the accounting function through streamlined workflows, timely financial information, and reporting that informs better business decisions. Whether you need short- or long-term support, targeted augmentation of your existing team, guidance on scaling for growth, or broader transformation of your accounting ecosystem, we work alongside you to improve back-office operations and build a finance model that can evolve with your business.
CAS can support specific accounting needs or provide broader support across the finance function, depending on your organization’s resources, priorities, and stage of growth.
SERVICE OFFERINGS
Day-to-day accounting
We work with clients across accounting platforms to establish and support accounting systems and processes that fit their business needs. Our professionals help improve day-to-day workflows, refine the chart of accounts, strengthen financial reporting, and support internal controls.
HOW WE WORK WITH YOU
A four-step process
Our CAS team uses a four-step process to understand your accounting needs, establish the right systems and workflows, and transition to ongoing support. The approach is tailored to your existing finance function, technology, and business priorities.
Kickoff and Project Planning
- Review the scope of work and confirm priorities, goals, and objectives.
- Establish the project management process, communication cadence, and reporting protocols.
- Agree on timelines, deliverables, and expected outcomes.
Assess and Gather Information
- Conduct collaborative sessions with management and team members to understand business and accounting needs.
- Assess existing processes and data and develop recommendations.
- Gain appropriate systems access and gather required documentation.
Setup and Configuration
- Implement approved recommendations, including revisions to the chart of accounts and accounting dimensions and automation of reports, as applicable.
- Document or update accounting processes and establish go-forward procedures.
- Perform contracted catch-up, clean-up, technology, or financial transformation work.
Ongoing Services and Expansion
- Complete the first monthly close.
- Transition recurring accounting activities, which may include bank and credit card reconciliations, payroll and other journal entries, and weekly and monthly financial reporting.
- Provide additional support as the organization grows or its accounting needs become more complex.
Industries we serve
Our CAS professionals combine accounting experience with industry knowledge to help organizations strengthen financial operations, improve reporting, and address the accounting requirements of their industries. Our approach can be tailored to the operating models, regulatory environments, and financial priorities of organizations across a range of sectors.
Our CAS professionals work with government contractors to address FAR and CAS requirements while building accounting operations that can support growth. We can help establish cost structures, indirect rates, and billing processes; prepare for and respond to DCAA and DCMA audits; and strengthen accounting processes through automation and improved workflows. Our GovCon specialists also help organizations better understand contract performance and align financial and operational practices with evolving business needs.
Our CAS professionals combine not-for-profit industry knowledge with accounting support to help organizations strengthen financial operations, automate manual processes, and improve financial visibility and reporting.
Our services can support annual and single audit readiness, grant management, and board-level reporting, helping not-for-profits strengthen transparency, manage funding requirements, and provide boards and leadership with timely financial information for decision-making.
Our Renewable Energy CAS professionals provide accounting and advisory support to developers, IPPs, investors, and asset managers across the project lifecycle, from development through operations. Our team brings experience in renewable energy operational accounting, including project accounting and cost tracking, and works across client operations teams to streamline financial processes, improve financial visibility, and support informed decision-making.
Our CAS professionals help real estate organizations strengthen accounting and financial reporting across properties, entities, and portfolios. Through cloud-based accounting, automated reporting, and customized dashboards, we can provide greater visibility into cash flow, profitability by asset, and debt service coverage, helping owners, developers, and property managers use timely financial information to inform business decisions.
Our CAS professionals provide outsourced accounting and financial support to help restaurant operators manage high volumes of financial data across vendor bills, daily sales, and frequent payrolls. By combining hospitality industry knowledge with technology-enabled processes, we can help streamline financial operations and provide greater visibility into areas such as prime costs and cash flow planning.
Our CAS professionals help growing and established life sciences companies streamline financial operations, automate workflows, and build accounting processes and systems that can scale with the organization. This support can provide greater financial visibility as business and reporting needs evolve.
CASE STUDY: FINANCIAL ADVISORY FIRM BOOSTS EFFICIENCY WITH FINANCIAL TRANSFORMATION
“We have a very complicated operating environment. CohnReznick did a great job keeping the books in order and basically being a lifeline until we could get the new team in place.”
Hot Topics in Outsourcing
Technology, chosen with purpose
We work with technology providers to identify, select, and implement solutions aligned with your accounting needs, existing systems, and business priorities.
ACCELERATING THE FINANCIAL CLOSE AND BOARD REPORTING
A lengthy month-end close can delay the financial information management and boards need to make timely decisions. Manual processes, disconnected systems, and inconsistent workflows can make it harder for finance teams to complete reconciliations, prepare financial statements, and deliver reporting on schedule.
Our CAS professionals can help organizations evaluate and improve close processes through standardized accounting workflows, technology-enabled processes, timely reconciliations, and consistent financial reporting. A more efficient close can give management and other stakeholders greater visibility into financial information when they need it.
Ready to elevate your operations?
Let’s talk about transforming your back office and financial operations.
Whether you want to close the books faster, trust the accuracy of your data, or gain real-time visibility into your financials, our Client Advisory Services (CAS) solutions combine outsourced accounting expertise with innovative, AI-enabled technologies to help you get there.
Let’s connect about your goals and the outcomes you want to achieve. See how we can streamline processes, reduce risk, and deliver the insights you need to make smarter decisions with confidence.
Frequently Asked Questions (FAQ)
Client Advisory Services can provide day-to-day accounting, financial statement preparation, billing and accounts receivable support, accounts payable processing, HR and payroll support, and year-end audit readiness. CAS can support specific accounting needs, augment an existing finance team, or provide broader accounting support as an organization’s needs evolve.
CAS can help improve the month-end close by evaluating accounting processes, standardizing workflows, supporting timely reconciliations and journal entries, and using technology to automate appropriate tasks and reporting. These improvements can help finance teams complete the close more efficiently and provide management with timely financial information.
A growing company may consider CAS when its accounting needs begin to outpace internal resources, financial reporting becomes more complex, or existing processes and systems no longer support the organization’s needs. CAS can provide additional accounting resources and capabilities as the business grows and its financial needs evolve.
CAS professionals can work with management to prepare financial information and documentation for an upcoming audit and provide support throughout the audit process. Our team includes former industry controllers, CFOs, and business leaders who bring experience working with accounting and financial reporting requirements.
Whether you need targeted accounting support, additional resources for your existing finance team, or a broader transformation of your accounting function, our CAS professionals can help you determine an approach aligned with your business needs and priorities.
Let’s talk about where your accounting operations are today, where you need them to go, and how CAS can help you move forward.
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Our solutions are tailored to each client’s strategic business drivers, technologies, corporate structure, and culture – addressing any industry-specific needs.