Across the Not-for-Profit sector, accounting and finance teams can often find themselves stuck in crisis mode, without a way forward or resources to solve their problems. At other times, teams can navigate the status quo, but growth or improvement is out of the question. In either instance, NFPs can find themselves in the common position of being stretched too thin. What solutions are out there?

Jason Sturdevant, NFP Accounting Advisory Manager, and co-host Blakeley Richard, NFP Accounting Advisory Senior Associate, join forces to discuss some examples of NFP accounting teams that were struggling to juggle day-to-day needs with broader compliance or strategic goals. Jason and Blakeley will also highlight a couple instances in which NFPs leveraged Cherry Bekaert’s Accounting Advisory team to overcome staffing challenges, complex accounting matters and organizational barriers to move toward thriving.

As part of Cherry Bekaert’s Not-for-Profit podcast series, this episode covers:

• Navigating the challenges of turnover in key finance positions
• Working through common trouble areas for colleges and universities
• Tackling technically complex tasks with limited capacity
• Creating tools for challenging accounting areas
• Developing plans for strategic growth for finance teams
• Opening up resources for training and team readiness
• Working with Cherry Bekaert’s NFP advisory team on a wide array of projects
• Outcomes for specific organizations that worked with the NFP advisory team

Cherry Bekaert’s Not-for-Profit Accounting Advisory team manages all types of complex technical accounting areas, whether that’s assisting with year-end close, supporting transition of personnel or guiding your finance team through organizational changes. If you have any questions specific to your business needs, Cherry Bekaert’s Not-for-Profit Advisory team is available to discuss your situation with you.

View all podcast in this series

Not-for-profits (NFP) across the country often struggle with their accounting processes due to outdated software, spreadsheets and manual data entry. Sage Intacct, a cloud-based platform, can simplify accounting processes so not-for-profits can focus on the business of helping others.

In this episode of our NFP podcast series, we hear about the power of Sage Intacct from Kristen Jenei, Managing Director at Cherry Bekaert, and Hina Babar, a Director at Cherry Bekaert.

Tune in to learn how Cherry Bekaert can help implement Sage Intacct, and discover how the platform can help your organization:

• Gain visibility into key data
• Stop manually entering financial information
• Reduce accounting mistakes
• Streamline processes
• Gain more time for tasks important to your not-for-profit

As more guidance comes forth, we are here to provide regular updates, thought leadership, current and future state consulting, change management advisory and ready to stand up services. We have solutions tailored for you.

Learn more about Cherry Bekaert’s Sage Intacct solutions

View all podcast in this series

On campuses around the country, the name, image and likeness (NIL) policy is revolutionizing the way student-athletes can obtain benefits while attending a college or university. As of July 2021, student-athletes can enter NIL deals if they comply with state law and the NCAA’s rules. Essentially, NIL allows college athletes to monetize their personal brand by profiting from their name, image and likeness through various opportunities such as endorsements, sponsorships, social media posts and more.

In the first episode of our NIL podcast series, Anthony Kocheron, an associate in Cherry Bekaert’s Government and Public Sector Advisory practice, is joined by Mit Winter, an attorney at Kennyhertz Perry who specializes in college sports law and has an extensive knowledge of NIL and its effects on college athletic departments. Tune in to learn more about:

• An introduction to the world of NIL, including:
  • Collectives
  • Employment Status
  • Governing Bodies
• Factors that led to NILs current state in college athletics
• How college and university athletic departments are navigating the challenges of NIL
• Observations of what athletic departments are and aren’t doing when it comes to change in college athletics
• How athletic departments are preparing for the future
• Benefits of having comprehensive polices and procedures in place within an athletic department
• One key takeaway about NIL

Due to the ever-evolving NIL space, and the current and upcoming compliance challenges universities are facing, Cherry Bekaert has dedicated a team of professionals to track all there is to know about NIL. As more guidance comes forth, we are here to provide regular updates, thought leadership, current and future state consulting, change management advisory and ready to stand up services. Whether you are a Power Five or sub-division school, we have solutions tailored for you.

View all podcast in this series