Cherry Bekaert's Strategic Expansion with ArcherPoint Acquisition

Cherry Bekaert's Strategic Growth Through Acquisition

Cherry Bekaert, a prominent firm in assurance, tax, and advisory services, has taken a significant step in its growth by acquiring ArcherPoint, a respected Microsoft Certified Solutions Partner. This strategic acquisition marks an important enhancement to Cherry Bekaert's Enterprise Resource Planning (ERP) offerings, allowing the firm to expand its service capabilities to a broader audience.

Enhancing ERP Services for Clients

By integrating ArcherPoint into its operations, Cherry Bekaert strengthens its position in the market, delivering advanced ERP solutions that meet the evolving needs of clients across various industries. This move not only expands the reach of Cherry Bekaert's services beyond the United States into Canada but also enhances the technology solutions available to their clientele.

Building on Previous Successes

Previously, Cherry Bekaert had acquired Kerr Consulting, which laid a solid foundation for elevating its ERP services. The addition of ArcherPoint complements these efforts, showcasing the firm’s commitment to providing comprehensive and effective digital solutions. This acquisition is expected to offer remarkable benefits for clients seeking specialized ERP solutions.

A Strong Focus on Client Needs

ArcherPoint brings over 20 years of experience in ERP implementation, integration, and support. With a strong presence not only across North America but also internationally, the firm has established itself as a reliable partner for clients in diverse sectors such as manufacturing, retail, and professional services. With an impressive annual revenue of approximately $32 million, ArcherPoint is well-established in the market.

Leadership Insights on the Acquisition

Michelle Thompson, the Chief Executive Officer of Cherry Bekaert, expressed enthusiasm about the acquisition. "The combination of ArcherPoint's expertise with our existing capabilities will significantly benefit our clients," she stated. This sentiment underscores the strategic alignment and shared vision that both firms have towards providing excellent solutions to clients.

Greg Kaupp, CEO of ArcherPoint, echoed this enthusiasm, stating, "Joining forces with Cherry Bekaert presents a remarkable opportunity for both firms' clients." He emphasized that this collaboration allows them to leverage the extensive resources and knowledge of a competing national firm, further enabling them to deliver innovative solutions tailored to client needs.

The Future of ERP Solutions with Cherry Bekaert

This acquisition represents not just the union of two firms but a significant advancement in the trajectory of digital solutions in the industry. As Cherry Bekaert continues to augment its offerings, this collaboration will empower them to enhance operational excellence and strengthen customer experiences through innovative solutions.

Satish Thomas, Corporate Vice President at Microsoft, highlighted the importance of such partnerships, stating, "Our partners play an essential role in our mission at Microsoft. By combining Cherry Bekaert's advisory and audit services with ArcherPoint's extensive ERP solutions, we can better assist clients on their digital transformation journeys." This partnership is poised to open new avenues for both firms, allowing them to cater to small and medium-sized businesses effectively.

About Cherry Bekaert

Cherry Bekaert has built a reputation as one of the largest accounting and consulting firms in the U.S. It operates under a structure that includes Cherry Bekaert LLP, a licensed CPA firm, and Cherry Bekaert Advisory LLC, which provides a range of advisory services without CPA licensing. Their expertise spans various sectors, from transaction advisory to digital solutions, affirming their commitment to understanding clients' industries and collaboratively fostering success.

With robust capabilities and an expanding footprint, Cherry Bekaert is well-positioned to lead in the advisory space, offering a rich suite of services to clients globally. The firm continues to explore avenues for growth while remaining committed to client satisfaction and innovative solutions.

Frequently Asked Questions

What does the acquisition of ArcherPoint mean for Cherry Bekaert?

This acquisition enhances Cherry Bekaert's ERP services and expands its reach into Canada, allowing for improved solutions for clients.

How long has ArcherPoint been in business?

ArcherPoint has over 20 years of experience providing ERP solutions to various industries.

What industries do Cherry Bekaert and ArcherPoint serve?

They serve multiple sectors, including manufacturing, retail, ecommerce, and professional services.

What is Cherry Bekaert's focus after this acquisition?

Cherry Bekaert aims to strengthen its digital solutions offerings and enhance operational excellence for its clients.

Who expressed support for the acquisition from Microsoft?

Satish Thomas, Corporate Vice President at Microsoft Business & Industry Solutions, emphasized the importance of partnerships in digital transformation.

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