Windham Brannon's Growth Fueled By Advisory Services
Practice Area Growing Faster than Accounting Industry as a Whole
ATLANTA, Dec. 2, 2014 /PRNewswire/ -- Windham Brannon, a leading provider of tax, audit, accounting and advisory services, posted a strong 25-percent revenue growth rate within its advisory practice, calculated for the fiscal year that ended on September 30. The firm's Advisory Services practice includes healthcare consulting, IT Risk advisory, Strategic Growth and litigation support services.
According to the American Institute of CPAs (AICPA), advisory services are experiencing equal or faster growth at accounting firms than the $94 billion industry as a whole, which is estimated to be growing at a 3.5-percent rate.
"As the economy has steadily improved, we've seen an increase in business activity, particularly within areas where companies can benefit from outside expertise in dealing with specialized business needs," said David Kloess, president & CEO, Windham Brannon. "To keep up with the demand, we've added well-respected, industry professionals to lead our expanded offerings in these key advisory practice areas. We continually look for ways to solve important problems and create value for our clients. The growth of our Advisory Services practice tells me we're on the right track."
State Bank and Trust Company, one of Georgia's best-capitalized banks with locations in Metro Atlanta and Middle Georgia, has been using Windham Brannon's IT Risk Advisory services to assist in creating customized programs within the company to help facilitate Sarbanes-Oxley Act (SOX) compliance and develop internal payroll processing controls, as well as identify, evaluate and implement software.
"During the last two years, we've relied on Windham Brannon to augment our internal audit staff resources when a certain level of expertise is required and does not exist in-house," said Bradley Carroll, senior vice president director of internal audit at State Bank and Trust Company. "The IT audit practice team has provided solid advice on both our SOX certification and software selection processes. However, we've realized the greatest value from documenting controls for payroll processing, which is a new line of business and non-traditional to banking."
Similarly, Arke Systems, a technology consulting firm based in Atlanta that assists more than 300 companies across the United States with technology solutions to help extend marketing dollars and shorten sales cycles, has utilized Windham Brannon's Strategic Growth Advisory services. For the last several years, the firm has helped Arke function more efficiently through thoughtful business strategies, tighter budget controls, and better visibility into operations.
"Although we were able to keep up with the every-day financial reporting requirements of a growing business, we needed the ability to see around the next corner," said Eric Stoll, president and CEO, Arke Systems. "This meant the development of a long-range operating plan, exploration of strategic capital options, understanding different growth alternatives, and, most importantly, realizing the impact of our every-day activities on shareholder value. Windham Brannon's Strategic Advisory group put all of this together, communicated to our management team, and set us in a direction in which every action was focused on delivering solutions for our clients and optimizing the value of our business."
About Windham Brannon
Windham Brannon is a recognized leader in providing audit, tax, accounting and advisory services for businesses, not-for-profits and high net-worth individuals. While the firm's technical expertise is second to none, Windham Brannon offers clients so much more. Clients find a more proactive approach, more attention to their priorities and more investment in their relationship to ensure needs are anticipated—and met with confidence. Windham Brannon takes pride in the fact that it is re-defining the role of the typical CPA firm. Since 1957, the firm has been providing each client with exceptional proficiency, but also the personalized level of service delivered by a strong team that is driven, resourceful and well connected. Visit www.windhambrannon.com to find out how Windham Brannon is committed to offering more.
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SOURCE Windham Brannon
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