Search Results for: crowe

Crowe Appoints First Chief Information Security Officer, New Chief Risk Officer

Chicago-based Crowe (FY19 net revenue of $951.9 million) has named Rex Voorheis as the firm’s first chief information security officer and Steve Strammello as the new chief risk officer.

Voorheis has been with Crowe for 20 years, leading the enterprise information security and privacy functions for the past decade. During this time, the Crowe information security and privacy team has grown to nearly 30 security professionals. In his new officer role, Voorheis is responsible for the Crowe information security and privacy functions, developing information security strategy, defining information security requirements and practices, and working with clients to address security-related questions.

“Our clients entrust us with their sensitive data and it’s our responsibility to put policies, processes and technologies in place to allow us to best serve our clients while protecting data and addressing any regulations that may apply,” Voorheis says.

Strammello, a 26-year veteran of the firm, succeeds Fred Bauters, who is retiring in April 2020. Strammello’s responsibilities include oversight of the firm’s general counsel and audit quality functions, as well as management of the firm’s enterprise risk management program.

More news from Crowe

Crowe Opens Houston Office

Chicago-based Crowe LLP (FY19 net revenue of $951.9 million) opened its first office in Houston to accommodate its growth in Texas and the South, bringing its total offices to 41.

The space provides easy access to area clients, as well as a central location for personnel who already live in the area. Located at 405 Main St., the office is in a revitalized area of downtown near Minute Maid Park, home of the Houston Astros. Built in 1909, the building was constructed on the site of the first official home for the president of the Republic of Texas.

“Our new office helps us expand our upmarket opportunities in this dynamic city,” says Dickie Heathcott, OMP of the Houston and Dallas offices. “We’re looking forward to continuing to serve existing clients and working with even more of the high-profile companies that call Houston home.”

More news from Crowe

Crowe Introduces Lease Accounting Software Built for Government Entities

Chicago-based Crowe (FY18 net revenue of $888.6 million) has launched a new tool to help governments comply with recently adopted accounting rules related to leases.

Under the new rules, required by the Governmental Accounting Standards Board (GASB), government entities must analyze their current lease catalog. Crowe has created the Crowe Lease Accounting Optimizer to track, account for and report on lessee and lessor leases, Crowe announced.

The Crowe Lease Accounting Optimizer for public sector:

  • ​Tracks lessee and lessor leases
  • Automatically generates variable payments
  • Automates the lease payment processes and eliminates duplicate data entry, making lease accounting compliance less labor-intensive
  • Provides built-in audit controls and lease payment traceability
  • ​Performs instant cash flow and lease analysis

“Public entities can often be both a lessor and lessee, making their overall lease portfolio incredibly complex,” says Tom Reznicek, Crowe performance consulting principal. “We developed this tool to provide critical analyses and automate processes to not only help meet the GASB compliance standards, but also assist public sector entities in running their day-to-day operations better.”

More news from Crowe

Crowe Elects 24 Partners and Principals

Chicago-based Crowe (FY18 net revenue of $888.6 million) has elected the following 24 new partners and principals. These new roles will be effective April 1, 2019.

  • Heather Bossenga, audit services, Oak Brook, Ill.
  • Clint Brasier, tax services, Nashville, Tenn.
  • Tracey Coyne, performance consulting, Chicago
  • Jill Czerwinski, risk consulting, Oak Brook, Ill.
  • Erika Del Giudice, audit services, Chicago
  • Mike Del Giudice, risk consulting, Chicago
  • Katie Glaudel, audit services, Oak Brook, Ill.
  • Gina Green, audit services, Dallas
  • Brian Kerby, advisory services, Chicago
  • Jon Klunk, tax services, Oak Brook, Ill.
  • Wil Knibloe, advisory services, Off-site
  • Brittney Kocaj, tax services, Fort Lauderdale, Fla.
  • Bob Lavoy, performance consulting, Chicago
  • Ben Matherly, tax services, Indianapolis
  • Brian Myers, tax services, Indianapolis
  • Sindy Nicholson, audit services, Denver
  • JooHee Ohk, tax services, Oak Brook, Ill.
  • Jeff Palgon, audit services, Atlanta
  • Esteban Salinas, performance consulting, Sacramento, Calif.
  • Scott Schmucker, audit services, Elkhart, Ind.
  • Mark Shannon, firm risk management, Off-site
  • Christine Smith, tax services, Oak Brook, Ill.
  • Aazan St. Rose, audit services, Miami
  • Travis Ward, tax services, Grand Rapids, Mich.

Crowe LLP Welcomes Asset Optimization Group

Brian Sanderson

Chicago-based Crowe (FY18 net revenue of $888.6 million) has signed an agreement to buy Asset Optimization Group (AOG) from Hylant Group.

AOG is a health care technology and consulting firm specializing in a data-driven approach to asset management. The transaction is expected to be completed on Dec. 1.

The AOG platform integrates with health care systems’ existing data systems to provide extensive asset management services for revenue-generating assets and related equipment. By capturing and organizing millions of data points, the system generates relevant and actionable data analytics that allow health systems to alter strategy, tactics and cost structure to enhance performance.

Based in Toledo, Ohio, the AOG team brings deeply specialized knowledge and experience. As part of the transaction, one principal will join Crowe. Financial terms were not disclosed.

Brian Sanderson, managing principal, Crowe health care services, says. “At Crowe, we’ve seen the power that data-driven analytics can provide to hospitals and health systems, so this will help expand our capabilities to help health care clients to further understand, explain and improve margins.”

Andy Suhy, AOG founder and president, says, “By integrating the AOG technology platform, analytics and methodologies into the Crowe suite of technology solutions, we fully expect to create the health care industry’s most comprehensive data-driven improvement solution.”

Crowe LLP Welcomes Sixred Team

Chicago-based Crowe (FY18 net revenue of $888.6 million) has signed an agreement to welcome personnel from Sixred, an award-winning software consultancy specializing in cloud-based enterprise solutions from Oracle NetSuite, Adaptive Insights, Avalara and Dell Boomi.

The transaction is expected to be complete on Dec. 1.

The Sixred team brings specialized knowledge and experience in the Oracle NetSuite platform, which supports more than 40,000 organizations around the world. The Sixred team is an eight-time Oracle NetSuite 5-Star Award winner with a global client base representing technology, software, media, manufacturing, finance, insurance, health care and retail industries, among others.

As part of the transaction, one principal and two managing directors will join Crowe. Financial terms were not disclosed.

“Sixred and the NetSuite platform extend our capabilities to provide transformative, cloud-based solutions to targeted industry vertical markets,” says Josh Cole, managing principal, Crowe performance consulting.

“Crowe and Sixred’s shared core values make this a tremendous opportunity for our clients, employees, and partners to benefit in a positive and meaningful way,” says Adnan Patel, managing partner for the Sixred team.

Crowe, Purdue Polytechnic Institute Announce Digital Risk Collaboration

Chicago-based Crowe (FY18 net revenue of $883.6 million) and the Department of Computer and Information Technology (CIT) at Purdue Polytechnic Institute recently established the Purdue-Crowe Digital Risk Collaboratory. The culmination of two years of work, this collaboratory will serve to develop opportunities in sponsored and government-funded research, with both sides working together on select Crowe client projects and services.

Combining the client engagement experience of Crowe with Purdue’s world-class research, faculty and students, the collaboratory will undertake joint projects for new clients, conduct federal and nonfederal research on digital risk issues and provide education. CIT faculty, staff and students will work closely with Crowe personnel to develop and test new risk management solutions for the digital age. The collaboratory is also developing executive training courses on how to manage digital risk for business executives.

“Leveraging our client leadership with Purdue’s research leadership is an outstanding value proposition,” says Steve Strammello, MP, Crowe risk consulting. “We’re investing in a future where our clients can maximize the adoption of digital-era tools and technologies while minimizing the risks associated with digital transformation. We believe this alliance will advance how organizations manage risk as they transform their businesses into the digital age.”

“The decision to collaborate is a bold and aggressive move by both sides to establish a more extensive foundation for digital and cyber risks, creating real-world application opportunities for ongoing research and projects,” says Marcus Rogers, head of CIT. “The collaboratory solidifies that exchange of ideas and the public-private partnership concept.”

Purdue’s internationally renowned strengths, including robotics, artificial intelligence, cybersecurity and technology-enabled learning, allow for a multidisciplinary approach to meet future challenges. Work continues on setting up a mutually beneficial location for the collaboratory.

To learn more, visit Crowe risk consulting cybersecurity.

Crowe Appoints Chief Data Science Officer

Justin Bass

Justin Bass

As part of its continued investment in technology and data, Chicago-based Crowe LLP (FY17 net revenue of $809.5 million) recently named Justin Bass to be the firm’s first chief data science officer. In this role, Bass will lead the new data science business unit, which includes more than 20 data scientists.

While the chief data science officer role is common at technology firms, it’s not standard at accounting and consulting firms. “I’m excited for this opportunity and the commitment from Crowe to push forward into this area,” says Bass, who joined Crowe in 2015 as the firm’s only data scientist. “With a team of world-class data scientists, we’ve already set the groundwork and incorporated machine learning into a few solutions in a very short amount of time.”

Bass has extensive experience applying advanced analytic, automation and machine learning techniques to a variety of industries. In his new role, he will continue his focus on adding machine learning capabilities to various Crowe platforms, guiding business leaders on the capabilities of machine learning and structuring a machine learning team capable of working on all projects throughout the firm.

“This is part of the evolution of our innovation strategy, as we look for ways to further tap into the power of data,” says Derek Bang, chief strategy and innovation officer. “The ability to capture and harness the power of data helps our clients manage complex processes more effectively.”

Crowe Horwath LLP to Become Crowe LLP

Effective June 4, Chicago-based Crowe Horwath LLP (FY17 net revenue of $809.5 million) will begin practicing under a new name, Crowe LLP. The firm will continue to operate as Crowe Horwath LLP in certain states, pending final review of its name change application in those states.

CHAN Healthcare, part of Crowe Horwath LLP, will now become Crowe Healthcare Risk Consulting LLC. The CHAN leadership, culture, values and commitment to clients will remain the same, but the company will now refer to itself as Crowe. The Crowe Horwath Global Risk Consulting and Crowe Horwath Cayman Ltd. entities will not be changing their names. All entities will align with the Crowe name and logo.

Founded by Fred Crowe and his partners in South Bend, Ind., Crowe draws on more than 75 years of name recognition. Today, the global accounting, consulting and technology firm has more than 4,000 employees.

“As we’ve grown, we’ve stayed true to our core purpose, and our commitment to our clients is as strong as ever,” says CEO Jim Powers. “In recent years, we’ve been on a transformational journey, focused on our talent and our technology offerings to deliver on our brand promise, ‘Smart decisions. Lasting value,’ and to simplify the lives of our people and our clients. Changing our name to simply Crowe, which is shorter and easier to recall, is just one more step in that journey.”

Crowe LLP will also continue to serve clients worldwide as part of the Crowe Horwath International network, which is rebranding as Crowe Global effective June 4. This network, one of the largest in the world, consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.

Crowe Horwath Extends Powers’ Term as CEO

Jim Powers

Jim Powers

Chicago-based Crowe Horwath (FY17 net revenue of $809.5 million) has reappointed Jim Powers as CEO. Powers’ CEO term has been extended to March 31, 2021.

“Under Jim’s leadership, Crowe has enjoyed a great deal of success from executing toward his vision of ‘Deep Specialization,’ ‘One Crowe’ and Crowe as a technology firm,” says Wendy Cama, chair of the board of directors. “Given this success, the board approached Jim about continuing as CEO, and we mutually agreed on a two-year term extension.”

Since the beginning of Powers’ tenure, the firm has increased its annual revenue by nearly 15% and increased its personnel by 18%. According to Cama, much of this growth and success can be attributed to a number of initiatives put in place under Powers.

“It has been a true privilege to serve as CEO, and I’m eager to keep working toward our future,” says Powers. “I’ve learned so much from this experience and am thrilled to continue during this exciting period as the industry incorporates technology into all that we do.”