McGladrey and CPA2Biz Forge Technology Relationship to Enhance Client Accounting Services
Firms to develop cloud technology solutions for hospitality, food and beverage, not-for-profits, professional services, private equity groups and other key industries
NEW YORK (December 12, 2011) – McGladrey Technology Solutions, a leading provider of full-scope IT services, recently announced a strategic relationship with CPA2Biz, a leading provider of business transformation tools for the accounting profession.
Under this non-exclusive agreement, McGladrey and CPA2Biz will identify and build integrated, add-on applications for CPA2Biz's outsourced finance and accounting services platform — a web-based technology that is transforming how firms deliver client accounting services. As a result, firms will be able to offer clients tailored solutions for key industries, including hospitality, food and beverage, not-for-profits, professional services and private equity groups, among others.
"At McGladrey, we understand our clients' complex and evolving business needs," said Jim Cashin, managing director and Business Process Outsourcing leader at McGladrey. "We offer fully integrated advisory solutions that enhance business operations in the areas of finance and accounting, technology, outsourcing and security. Partnering with CPA2Biz will further enhance our ability to meet and exceed client needs with the most current technology solutions."
According to CPA2Biz, client demand is the driving force behind the profession's recent growth in outsourced finance and accounting services. Many small- and mid-size businesses pared back during the economic downturn, and turned to CPA firms to deliver these services. As the economy rebounds, it is unlikely these same businesses will look to staff back up for non-core competencies, particularly since accounting firms can deliver a deeper breadth of service less expensively.
"To meet client demand effectively and efficiently, firms need the right business structure and technology solutions. Our cloud-based distribution platform – which includes Intacct and Bill.com, among other partners – offers significant competitive advantages for businesses, and adding industry-specific integrations is the next logical step to drive improved client service," said Erik Asgeirsson, president and CEO of CPA2Biz. "As one of the leaders in this area, we are excited about partnering with McGladrey to further hone our product road map, which, in turn, will benefit all firms that make use of our solutions."
About McGladrey Technology Solutions
- Banking/Financial Institutions
- Consumer Products
- Financial Services
- Food and Beverage
- Government Contracting
- Government Entities
- Health Care
- Life Sciences
- Manufacturing and Distribution
- Private Clubs
- Private Equity
- Real Estate
- Specialized Industries