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.
Riveron takes on a leadership role navigating a company through a period distress
In 2015, the parent entity of Terraform Power and Terraform Global, owners and operators of renewable energy power plants, declared bankruptcy. This necessitated a sale of both entities. Riveron was engaged shortly after the bankruptcy to perform continuity of operations, process improvement and readying the organization for the eventual divestiture. For Terraform Global, Riveron took over key roles and responsibilities, including interim accounting leadership and worked for over a year to keep the organization running and streamline financial reporting processes while partnering with management to assist with the strategy and execution of the sale process. When the sale was complete, Riveron transitioned its roles to the new owning entity, providing five months of ongoing and transition support.
Riveron implements scalable financial system for carved-out entity
A $200 million payment processing solutions provider, was carved-out of its $20 billion publicly traded on a foreign exchange parent entity. Riveron was initially engaged to prepare historical carve-out financial statements and provide technical accounting and audit support. Our team was then asked to ensure the carved-out entity could successfully operate as a standalone business with a new, high-functioning finance and accounting department. To achieve this goal, we successfully implemented NetSuite, developed scalable business processes and provided visibility into financial performance, KPIs and company direction for all stakeholders.
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.
Aerospace, Defense and Government Services
Education Technology and Suppliers
Food and Beverage
Manufacturing and Industrial Products
Retail and Consumer Goods
Technology, Media and Telecommunications
Transportation and Logistics
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Collaboration, coupled with a commitment to a disciplined process, can lead to better product decisions.