Cordia Resources by Cherry Bekaert Blog

Year-End Crunch? Overcome These Finance Staffing Weaknesses Now

Cordia Resources by Cherry Bekaert — Wed, 30 Oct 2024 22:08:28 GMT

As we approach year-end, many accounting and finance executives will face a whirlwind of challenges: financial close processes, audit preparation, compliance backlogs and more. The pressures of meeting project deadlines while ensuring accuracy can seem daunting, and financial professional and accountant staffing shortages and operational inefficiencies only exacerbate these challenges.

An overextended team can not only jeopardize your financial reporting but can also affect compliance and overall delivery of year-end projects.
This article discusses three common year-end staffing accounting challenges and how utilizing a recruiting and staffing services partner can help you overcome them.

1. Interim Roles During Job Transitions
Year-end often coincides with transitions in leadership or staff turnover, creating gaps in critical financial roles that need to be filled quickly. As your organization strives to finalize financial reports, manage audits, and ensure compliance with regulatory standards, this period can be particularly challenging. The urgency to fill these roles is critical, as delays can lead to operational disruptions, financial reporting inaccuracies, and compliance issues. Moreover, pressure on existing team members to fill the gaps can impact overall productivity and employee morale.

A recruiting and staffing partner can offer vetted and experienced interim CFOs, controllers and senior finance professionals who can step in to provide the seamless continuity your financial reporting and compliance processes require. By having seasoned professionals on board, you can maintain smooth operations during these transitions, allowing you to focus on year-end tasks without disruption.

2. Year-End Financial Close, Audit Preparation and Regulatory Compliance
As the clock ticks down to the end of the fiscal year, your team may find itself stretched thin by the labor-intensive demands of year-end processes, including:

Enhancing Federal Financial Management Through Strategic Staffing

Cordia Resources by Cherry Bekaert — Mon, 19 Aug 2024 21:08:49 GMT

A federal civilian agency (the Client) required assistance with staffing for a critical project within its financial management office. The initiative aimed to improve resource management within the agency’s information technology (IT) office, a key division responsible for overseeing both financial operations and decision-making processes.
The Client utilized Cherry Bekaert’s Outsourcing & Resources Solutions (ORS) advisory line, alongside Cordia Resources by Cherry Bekaert, to secure a professional services contract. Our team was able to leverage existing partnerships, expertise and expanded services to provide talent solutions in a timely manner.

Internal vs. External Hiring Trends: Key Insights from Talent Search Pros

Cordia Resources by Cherry Bekaert — Mon, 05 Aug 2024 17:37:51 GMT

In today’s highly competitive business landscape, strategic recruitment plays a crucial role in driving organizational success. External support in recruitment brings substantial benefits, from coping with talent shortages to promoting diversity and fostering innovation. Partnering with the right external support can profoundly impact your organization’s growth and operational efficiency.

Evan Seward Joins Sarah Tucker on Greater Washington Society of CPAs Board

Cordia Resources by Cherry Bekaert — Wed, 19 Jun 2024 15:14:55 GMT

Evan Seward, ORS Executive Search Director

Ramping up Resume Quality: Best Practices

Chrissy Li — Tue, 09 Jan 2024 21:08:44 GMT

A succesful job search begins with a good resume, making a good 1st impretion. Do I have your attention, and have I lost my credibility with the mistakes in the first sentence? I appreciate the mistakes I am intentionally making appear exaggerated, but sadly, I see them every day. Careless mistakes can sabotage a jobseeker’s chances for a great opportunity.

Cherry Bekaert Acquires Cordia Partners and Cordia Resources

Cordia Resources — Wed, 13 Sep 2023 14:15:51 GMT

8 Salary Negotiation Tips for Employers

Veronica Vannoy — Mon, 24 Apr 2023 16:25:41 GMT

Making a good offer to a talented candidate is key to hiring the right people, but it can also help speed up the hiring process. For many companies, the hiring process can be quite complex and time-consuming. Often the process starts with defining the job description, posting the job on job boards and the company website, recruiting and interviewing candidates, performing assessments, negotiating the salary, and making the offer. One way to streamline this process is to pay special attention to salary negotiations and where this takes place in the process. Here are a few tips for employers to consider:

Top 7 Reasons Why Companies Use Recruiting Firms

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A Leader Must Take Complete Ownership

sgeegbae@cordiaresources.com (Shawn Geegbae) — Wed, 22 Feb 2023 18:11:31 GMT

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Finding Passion in Your Job Versus Following a Passion

sgeegbae@cordiaresources.com (Shawn Geegbae) — Fri, 13 Jan 2023 15:03:00 GMT

Manage Your Team, Manage Your Career Series

By Shawn Geegbae