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, NY – 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."
CPA2Biz, a technology subsidiary of the American Institute of Certified Public Accountants, provides best-in-class marketing and technology services to support accounting professionals throughout the U.S. Its Trusted Business Advisor solutions are web-based tools that enable small- and mid-size accounting firms to build more collaborative and strategic relationships with their business clients and/or employers. For more information, visit www.cpa2biz.com, the leading e-commerce site for the accounting profession.
About McGladrey Technology Solutions
McGladrey understands how people, processes and technology interact to ensure organizational effectiveness. By combining technical expertise and business savvy with a full scope of IT services, our consultants can assess complex situations, and devise and implement effective solutions quickly and cost effectively. For more information, join the McGladrey Technology Services Facebook fan page, follow @McGladreyTech on Twitter and/or visit the Technology Services page.
McGladrey & Pullen, LLP operates under the McGladrey brand as the fifth largest U.S. provider of assurance, tax and consulting services, with nearly 6,500 professionals and associates in more than 70 offices nationwide. McGladrey & Pullen is a licensed CPA firm, and is a member of RSM International, the sixth largest global network of independent accounting, tax and consulting firms. For more information, join our Facebook fan page at McGladrey News, follow us on Twitter @McGladrey and/or connect with us on LinkedIn.