Optimize your operations with software analytics for retail and CPG businesses. Our advanced algorithms unlock valuable insights that drive better decision-making for retailers and CPGs. We will work through your pain points and establish which of our products can solve them. Our dynamic markdown software uses an advanced, data-driven algorithm to analyze a wide range of data points, from product type to seasonality.

Safeguarding cash flow is on every CFO and finance leader’s plan for 2022. To comply with this, A/R leaders need to work with their teams to improve collections operational efficiency and devise targeted strategies that help https://www.bookstime.com/ them collect faster and improve DSO. There was no real-time update on when a customer’s payment comes in and gets applied, leading to instances where the collections team follows up with a customer who has already paid.

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The business needed to streamline its accounting functions to get visibility and control over its AR. The company partnered with Accelerated Growth to keep on top of collection effectiveness and ensure timely payments. We help develop a proper financial and tax foundation that can support the rapid growth of your brand. We strive to take the accounting, tax and finance issues off your plate so you can concentrate on your business, and provide you with the tools and real time information you need to better make decisions and manage your operations. We are well-positioned to grow with you through each stage, from venture capital to private equity to ultimate exit. Manage trade spend from the ground up, by making sure that individual employees understand the company’s systems and processes.

• See how A/R teams at Staples increased collections productivity and efficiency and reduced bad debt by 20% with HighRadius.
• We bring a 10X improvement over traditional approaches by enabling AI at scale tailored for the CPG industry.
• To help build appropriate insight on spending expectations, create a framework of trade deals, promotional calendars and forecasting models, and share it across the organization.
• As an integral member of the finance and accounting team you will lead the general accounting function across the organization.
• Because cash basis accounting doesn’t give you holistic oversight of your finances.
• Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, and researcher who has assisted thousands of clients over a more than two-decade career.
• Popular Costa Mesa CPA firm is seeking an experienced Tax Supervisor with 5+ years of public accounting to join our team.

Emily earned a Bachelor of Business Administration in Accounting and Finance from Texas Christian University and is a licensed CPA in the State of Texas. Elsa Iris Reyes is a Controller with nearly a decade of experience in FP&A and accounting.

The rapid evolution of CPG finance departments: CPG digital trends in finance 2021

Because food manufacturing companies operate much differently than other industries, it’s critical to produce financial reporting that’s comparable to others in your industry as well as comply with reporting standards. Turing optimizes, streamlines, and intelligently guides CPG product development. Organizations spend millions endlessly collecting and aggregating data to build accurate models.

With broad reach, rigor and resources, the Association advances the reputation, employability and quality of CPAs, CGMA designation holders and accounting and finance professionals globally. CPG companies face unique challenges such as decreased consumer spend, the rising cost of inputs, and diminishing growth opportunities. In addition, buying patterns have become complex due to changing consumer preferences, resulting in lesser monies. Retailers seem to dictate terms of services, price, quality packaging, etc., demanding more services for less. To sustain their competitiveness in a consumer-centric world, CPG manufacturers must seek ways to reduce costs, maintain profitability, and improve productivity. For nearly 100 years, Anchin has provided accounting, tax, financial and operational advice to private companies. As specialists in the Consumer Products industry, the Branded CPG Group at Anchin has the unique combination of professional accounting experience and industry knowledge to help you reach your business goals.

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Graphics, Text, Barcodes, and Braille can all be inspected and compared across artworks. The measurement tool allows accurate measurement of lengths & areas and the annotation tools. Nadia joins IronClad after spending 10 years as a procurement officer in the South African manufacturing sector, prioritizing the provision of cost-efficient, high-quality goods and services for multiple companies. Upon her arrival in Austin, she was able to apply the expertise she acquired back home to help manage the accounts of multiple commercial properties in and around the area. She excels in operational accounting, HR, and providing personable customer service. She thrives on her ability to learn quickly and adapt to her clients’ needs. In her spare time, she enjoys baking, crocheting, and attending concerts in the Live Music Capital of the World.

Delays in collections affected their overall cash flow and working capital. Manage trade deductions from distribution customers to ensure Account Managers are accounting for slotting, promos, and merchandising fees.

What Are Consumer Packaged Goods?

Our ultimate aim is to design transformative experiences that connect people and grow business. The consumer packaged goods industry has a love/hate relationship with technology disruptions. On one hand,studiesreveal a rise in logistic costs for CPG companies owing to the e-commerce boom. On the other hand, small CPG startups areholding their ownin an industry dominated traditionally by large players. Therefore, the goal was to leverage the expertise of accounting and financial experts to keep track of the cash that the customers owed and to ensure customer payments were collected more consistently. 4+ years of accounting experience with emphasis on accounts receivable, CPG experience preferred.

As a Consultant in Bridgepoint’s Financial Consulting practice, she helps clients streamline business operations to support growth and increase efficiency. Hiring an industry experienced accountant or bookkeeper to assemble your chart of accounts correctly is a worthwhile investment in the long run.

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He partners with clients to provide strategic guidance and support including strategic planning, financial modeling, financial statement review and board meeting support. Prior to IronClad, Adam held finance and accounting roles at Amplify Snack Brands, SolarWinds and Deloitte. A certified public accountant , he earned his Bachelor of Business Administration in Accounting and a Master’s Degree in Accounting from Texas State University. In every role, Halane streamlined procedures and established effective policies to enhance resource management, advance profitability, and promote growth. Leveraging an MBA in Finance, Halane has a proven track record in financial modeling and data analysis to support operational management and strengthen decision-making. CPG manufacturers are devising strategies to improve responsiveness in supply chain management and gain visibility into real-time demand signals from the retail channels.

Be cautious, as brokers may agree to spend that is not authorized by internal teams or aligned with trade rates set forth by finance. Educate your brokers and establish clear communication and expectations between sales and brokerage firms. Based on those deals, you will see deductions occur from accounts receivable payments, sometimes without authorization. Expect your sales reps to acknowledge, review and understand any deductions that come through. Best cpg accounting retail intelligence solutions helping FMCG / CPG businesses to increase the effectiveness of commercial operations and sales excellence. The CPG industry was largely unprepared to deal with the unexpected supply-and-demand shock resulting from the arrival of coronavirus. In response, CPG businesses have rapidly turned to the finance function for efficiencies, supported by technology, to keep themselves stable during a period of extended uncertainty.

The result is both a waste of the analyst’s bandwidth and a poor customer experience. Master data management presents a unique challenge to CPG companies due to the large volume of items, vendors and customers, and frequent changes to item attributes. Multiple legacy systems and the disseminated ownership of item attributes complicate the maintenance of accurate data records. Our service is anchored by a best-in-class technology platform, coupled with unparalleled data and workflow optimization tools, giving you the visibility and confidence to make smarter decisions. A slotting fee can be defined as an amount paid to retailers by CPG companies to have their products featured on its store shelves. Retailers recognize consideration received for slotting fees as a reduction of cost of goods sold.

• 2021 turned out to be a relatively stable economic year since it was a transition period for businesses to re-strategize and correct some of their decisions from 2020.
• You can count on us to help you professionalize your finances, avoid mistakes, amplify your line of sight, and win on shelf.
• Yet their impact as a profit drain on the company is commonly both overlooked and underestimated by management.
• 4+ years of accounting experience with emphasis on accounts receivable, CPG experience preferred.
• Certain retailers’ inventory acceptance practices lead to numerous shortages and shortage reversals, and following the ins and outs of these deductions is time-consuming and costly.

The way forward for A/R practitioners in 2022 is going to be leveraging automation for low-impact tasks, making data-driven decisions, and collaborating with partner functions to deliver exceptional customer experience. 2021 turned out to be a relatively stable economic year since it was a transition period for businesses to re-strategize and correct some of their decisions from 2020.

CPG: Accounting Manager

Rodney brings 14 years of accounting experience to the team as a senior accountant for IronClad. His diverse background working with public and private companies includes manufacturing, retail, ecommerce, and consumer packaged goods. He has demonstrated a proven track record of utilizing his accounting and finance competencies, ethics, and interpersonal skills to maintain successful and high achieving cross-functional teams. Paige started her career in public accounting, where she managed and led audits across various industries. She focused on technical areas such as implementing 606, purchase accounting for acquisitions, and managing the control and process documentation for risk mitigation. She is a certified public accountant who earned her Bachelor of Science in Accounting at Elon University. Paige enjoys assisting startup companies in building their operations and accounting platforms to become successful in the market.

As CFO of Port Brewing/The Lost Abbey, a regional brewery, Devon spearheaded multiple expansions and strategic initiatives, improved systems and increased margins. Devon earned a Master of Professional Accounting from the McCombs School of Business at the University of Texas. While A/R leaders are beginning to grasp the importance of automation, they also need to provide the team with the latest customer data and enable them to make more informed decisions. This data can be obtained from the sales team or received from external agencies like D&B, NACM, as well as from historical payment records, data from credit agencies, public financial statements, etc. Managing promotions and discounts offered by manufacturers is complex due to the multiple layers of promotions, discounts and ad hoc promotions, and assumption-based category sales objectives. A majority of manufacturers provide retailers with trade discounts, quantity discounts, seasonal discounts, etc., adding to the complexity of trade promotions in terms of volume, price and process.

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Greg was a founding member of the Builder Homesite executive team where he served as company CFO for 20 years. He also held leadership roles at Pervasive Software and Applied Materials. Greg received his Bachelor of Science Degree in Accounting from San Jose State University, and he is a Certified Public Accountant licensed in the State of California. © 2022 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

Glean insights about profit drivers, test “what if” scenarios, and share insights to drive action with executives, sales, and marketing. Chrissy is a multi-faceted finance and operations leader that has passion for helping early-stage companies grow and scale.