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Accounting, Tax and Consulting Firm Cherry Bekaert Expands Footprint in Austin Offering Clients a Deeper Bench of Industry Expertise and Capabilities

Accounting, Tax and Consulting Firm Cherry Bekaert Expands Footprint in Austin Offering Clients a Deeper Bench of Industry Expertise and Capabilities
-Four key acquisitions aligned for growth to serve Austin’s leading industries
-The Firm now ranks amongst largest in the Austin market

Cherry Bekaert announced its expanded footprint in the Austin, Texas market with the acquisition of three local accounting firms. Cherry Bekaert first entered the Austin market in early 2018 with the acquisition of Powell, Ebert & Smolik and continued to grow with the acquisition of Flieller, Kruger & Skelton in early 2019. This past July, the Firm acquired PMB Helin Donovan, growing its Austin-based practice to 13 partners and more than 75 associates. The Firm’s combined Austin practice will now be among the six largest CPA and consulting firms serving the area. Nationally Cherry Bekaert ranks in the top 25 CPA and consulting firms.

“Our middle market expertise and digital mindset is a good fit for Austin’s robust growth economy and innovative business climate,” said Cherry Bekaert Tax Partner Chad Wiley. “The acquisitions of three local, well-known and well-respected firms have helped the Firm enter the Austin market and now we can combine our local relationships and high-touch service with a deeper bench of resources to offer Austin families and businesses a full suite of capabilities under one roof.”

Cherry Bekaert Assurance Partner, Adam Salvia, commented, “Today, every company is a technology company, but they often lack the resources to make use of important business data they are collecting. Whether established or emerging, digitally-enabled businesses are better informed, more efficient, and well positioned for innovative growth and our Digital Advisory team of strategists, technologists and analysts will help them utilize data to address pressing customer demands.”

“Our clients continue to face myriad state, local and international tax changes as well as new legislative challenges like deferred payroll taxes and the Paycheck Protection Program. We have invested in the Austin market as part of our strategic vision to meet clients where they are on their growth journey, and provide expertise and the right capabilities to address new challenges,” concluded Salvia. “There is an opportunity to serve the emerging and high-growth companies already based here in Austin or that have recently relocated to the area because of our robust economy and innovative business climate.”

About Cherry Bekaert:

Ranked among the U.S. largest accounting firms, Cherry Bekaert offers assurance, tax, risk, digital, transaction advisory, benefits consulting, and wealth management solutions. With clients both across the U.S. and internationally, we have industry knowledge in technology, healthcare and life sciences, industrial manufacturing, private equity, real estate and construction, professional services, hospitality and retail, government, and not-for-profit. We exercise a deliberate curiosity to know our clients’ industries and work collaboratively as one team to guide them forward.

Visit us at cbh.com and follow us on LinkedIn, Facebook or Twitter.

© 2020 Cherry Bekaert LLP. All Rights Reserved. This material has been prepared for general informational purposes only and is not intended to be relied upon as tax, accounting, or other professional advice. Before taking any action, you should consult a professional advisor familiar with your particular facts and circumstances.

ATC Weekly Update April 4

The Importance of Mentoring and Sponsoring


Barbary Brunner, CEO

I had the pleasure of being asked by the Austin Business Journal to be part of the mentor team at their Bizwomen Mentoring Monday this month. It’s an event done in partnership with 42 other American City Business Journals featuring more than 1,720 women business leader mentors and almost 10,000 women in business seeking advice.

I was honored to be part of a group of 40 amazing and brilliant women, many of them members of the ATC community, including April Downing (WP Engine), Mini Kahlon (Dell Medical School), Abby Payne (SailPoint), Lisa Pearson (Umbel), Jennifer Poppe (Vinson & Elkins), Jan Ryan, Michele Skelding, and Ellen Wood (VCFO). It’s an opportunity for each of us to help other women move forward in their careers, something we are all deeply invested in. By now, we have all read the statistics that show that increasing the number of women on your product and brand teams increases employee and customer satisfaction, that more women in the C-Suite and on the Board increases financial performance. But tech still suffers from an astonishing amount of gender imbalance and overt chauvinism. We are all shocked by what we’ve read about the treatment of female engineers at Uber, but almost every woman in tech has a story of her own.

The only way to make sure that tech is a welcoming place for women is to ensure that leaders are involved in looking out for and correcting behavior that undermines female employees, creating a culture where women know that they are free to bring issues forward, where they are rewarded for having the same drive and passion that we value in our rock-star male employees. Human Resources plays an important role, but the Senior Leadership Team must talk the talk and walk the walk.

Mentoring is critical, sponsorship is even better. If you are a tech executive, I challenge you to find a talented and promising woman in your company to sponsor. Make it your mission to ensure that she gets a seat at the right tables, gets introduced to people who can advise her and inspire her, that you help her strategize a way through the roadblocks in the way of her success. I guarantee that the impact of your doing this will be exponential and reach far beyond just the one woman you sponsor.


Employee Experience: Culture is more than Ping Pong Tables

Join ATC for our first 2017 HR Executive Dinner and a panel of experts who will lead discussion on new trends for on-boarding, employee reviews, opportunities for advancement, and reward & recognition programs.

Our C-Level dinners are protected environments where executives come together and participate in a casual discussion led by a thought leader within the ATC community on a topic highly relevant to your needs. This dinner is for CEOs, Presidents, Founders, and Executive Directors.


ATC CTO Dinner Recap

Lead and Disrupt: How to Solve the Innovators Dilemma

Provided by PetersGroup PR & Marketing

 

On March 29th, ATC held it’s third executive dinner of the year. The evening was hosted by Ray Wolf, Interim COO of ReDirect Health, who rounded up a group of Central Texas’ top technologists to discuss innovation models, how innovation drives business success, and how, as innovators, they are able to draw new ideas through organizational culture that pushes people past their comfort zone and seek out answers to problems that need to be solved.

The evening’s panelists included Alan Knitowski–Chairman and CEO of Phunware, Liam Quinn–CTO, SVP and Sr. Fellow for Dell Technologies, Robert Reeves–Co-Founder & CTO of Datical, John Ruggles–SVP Global Sales for Frost & Sullivan and Marc Willebeek-LeMair–Chief Strategy Officer for Alert Logic.

Over the last year, we have had a variety of interesting dinner conversations and speakers, but this more than the rest drew attendees who came ready to take notes. Ray put together a panel of speakers that each had a unique background and approach to innovation that represented the stage and culture of each company.

Some interesting take-aways:
How do you source ideas for innovation from outside the company?

  • Marc – “take the executive team out of the office and into the streets to meet with people and pitch their concept”
  • Liam – “tech tours in Asia, and customer interviews” also “develop people in a way that enables innovation”
  • Robert – “reward ideas from your employee’s immediately and publicly”–also, “sometimes too many readily available resources can lead to failure”
  • Alan – “global, real-time, focus groups” also “all the really great businesses come from creating markets where none previously existed”
  • Ray – “connections to “hackathons” and published problem catalogs

Advice for Start-Ups:

  • John – “focus on collaboration and sourcing ideas for the next 10 – 15 years and be realistic”
  • Marc – “IGNORE reality – let’s assume, then innovate and come back to the challenges”
  • Alan – “find the True North and make sure it wont change 10, 15, or 50 years from now”

In upcoming events we will further explore the topic of innovation and how innovation modeling and executing can move your business forward.

Thank you to all of our speakers and attendee’s, as well as our sponsors for the evening Texas Engineering Executive Education and O’Reilly Media.

The Importance of Mentoring and Sponsoring

Barbary Brunner, CEO

Barbary Brunner, CEO

I had the pleasure of being asked by the Austin Business Journal to be part of the mentor team at their Bizwomen Mentoring Monday this month. It’s an event done in partnership with 42 other American City Business Journals featuring more than 1,720 women business leader mentors and almost 10,000 women in business seeking advice.

I was honored to be part of a group of 40 amazing and brilliant women, many of them members of the ATC community, including April Downing (WP Engine), Mini Kahlon (Dell Medical School), Abby Payne (SailPoint), Lisa Pearson (Umbel), Jennifer Poppe (Vinson & Elkins), Jan Ryan, Michele Skelding, and Ellen Wood (VCFO). It’s an opportunity for each of us to help other women move forward in their careers, something we are all deeply invested in. By now, we have all read the statistics that show that increasing the number of women on your product and brand teams increases employee and customer satisfaction, that more women in the C-Suite and on the Board increase financial performance. But tech still suffers from an astonishing amount of gender imbalance and overt chauvinism. We are all shocked by what we’ve read about the treatment of female engineers at Uber, but almost every woman in tech has a story of her own.

The only way to make sure that tech is a welcoming place for women is to ensure that leaders are involved in looking out for and correcting behavior that undermines female employees, creating a culture where women know that they are free to bring issues forward, where they are rewarded for having the same drive and passion that we value in our rock-star male employees. Human Resources plays an important role, but the Senior Leadership Team must talk the talk and walk the walk.

Mentoring is critical, sponsorship is even better. If you are a tech executive, I challenge you to find a talented and promising woman in your company to sponsor. Make it your mission to ensure that she gets a seat at the right tables, gets introduced to people who can advise her and inspire her, that you help her strategize a way through the roadblocks in the way of her success. I guarantee that the impact of your doing this will be exponential and reach far beyond just the one woman you sponsor.

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