Search Results for: BKD

BKD Offers Financial Modeling Software for Colleges and Universities

Springfield, Mo.-based BKD LLP (FY19 net revenue of $662.9 million) has partnered with PFM Solutions to help colleges and universities improve financial sustainability.

The firm is offering financial modeling software, Synopsis Powered by Synario.

“We understand many higher education leaders are using outdated modeling tools or Excel spreadsheets to make institution-wide decisions,” says Tondeé Lutterman, BKD national industry partner, who called Synopsis a “revolutionary modeling solution.”

Synopsis is a financial and scenario modeling tool that can help academic leaders manage key drivers and configure new scenarios to quickly visualize outcomes, communicate results and make decisions.

“The Synopsis product empowers executive leaders to navigate the financial implications of assorted strategic initiatives in real time and strengthens data-informed decisions,” says David Armstrong, BKD director and higher education leader.

Synopsis is part of BKD’s financial sustainability services.

More news from BKD CPAs & Advisors

BKD Launches Nonprofit Advisory Services in New York

Corinna Creedon

Springfield, Mo.-based BKD LLP (FY19 net revenue of $662.9 million) has launched a nonprofit advisory services practice in its New York office with the addition of Corinna Creedon to lead the practice.

Creedon has more than 20 years of experience as a finance executive and has provided outsourced CFO services, financial operations and compliance services to a wide range of clients. She offers Sarbanes-Oxley compliance, special project/project management office services and outsourced CFO solutions. Prior to joining BKD, Creedon ran a consulting firm.

“Corinna’s expertise combined with Rick Cole’s recent arrival to the team will allow us to provide additional support to new and existing clients,” says Ryan Reiff, MP for BKD’s New York office.

Nonprofit advisory services include:

  • Accounting and CFO support
  • Grants management and compliance
  • Accounting standards implementation
  • Financial operational assessments
  • Policies and procedures and internal controls

The New York office joins BKD’s nonprofit advisory service practices in Dallas, Kansas City, Mo., Chicago and Denver.

More news from BKD LLP

BKD Announces New National Energy and Natural Resources Tax Leader

Rob Opitz

Springfield, Mo.-based BKD LLP (FY19 net revenue of $662.9 million) announces the promotion of partner Rob Opitz to national tax leader for the energy and natural resources (ENR) practice.

“Rob has been instrumental in bringing together the Dallas/Fort Worth ENR tax team for the development of best practices, technical standardization and an overall go-to-market strategy and he has proven himself as a national leader,” says Brian Matlock, leader of BKD’s ENR practice.

With his promotion, Opitz can now expand his leadership to other key energy markets such as Houston, Oklahoma City, Denver and Pittsburgh, and BKD will offer tailored tax and consulting services to its energy clients nationwide. BKD created the role since the practice has grown significantly.

Opitz brings more than 25 years of experience serving clients in the oil and gas industry. He consults on tax planning and structuring for partnerships, S corporations and transactions. Before joining BKD in 2018, Rob served as MP and head of tax for a Fort Worth, Texas, firm.

More news from BKD CPAs & Advisors

Steve Toomey Named MP of BKD Wealth Advisors

Steve Toomey

Steve Toomey

Springfield, Mo.-based BKD LLP (FY19 net revenue of $662.9 million) has selected Steve Toomey as the next MP of BKD Wealth Advisors, a subsidiary of BKD that provides investment oversight, wealth management and family office services to high-net-worth families and corporations.

Toomey will succeed Jack Thurman, MP since 2000, on June 1. Toomey plans to retire May 31. During his final year, Thurman will focus on the transition and on developing several significant client opportunities.

Based in the firm’s Kansas City, Mo., office, Toomey began his investment consulting career in 1994 and has been with BKD Wealth Advisors since 2002. He is a principal of the firm and currently oversees the national practice offices and leads the benefit plan consulting division.

More news from BKD

BKD Moves Its New York Office to Midtown Manhattan

Springfield, Mo.-based BKD LLP (FY19 net revenue of $662.9 million) has moved its New York team from 655 Third Ave. to newly renovated offices at 1155 Avenue of the Americas in midtown Manhattan.

The $130 million renovation, completed by The Durst Organization, includes collaborative work spaces and areas for training and educational sessions with clients.

“We are so excited to move to space that fits our growth model. This new location will allow us to expand and better support our New York clients,” says New York MP Ryan Reiff.

More news from BKD

BKD Names New M&D Growth Initiative Leaders

Tim Reynolds

Tim Reynolds

Springfield, Mo.-based BKD LLP (FY19 net revenue of $662.9 million) Manufacturing & Distribution Group (M&D) has announced that managing director Tim Reynolds is the new leader for the food and agribusiness practice and partner Tim Jackson is the new leader of the technology and software practice.

Reynolds will continue to provide tax and operational consulting services to a variety of clients in the food industry. Reynolds has several years of experience working with food manufacturers, producers, retailers and wholesalers across the country and joined BKD earlier this year after working for a large accounting firm.

“I have a strong passion for the food industry and am excited to share my expertise across the firm with our food and agriculture-serving professionals. The food industry is currently experiencing unprecedented challenges across all channels and I’m looking forward to helping BKD create solutions and opportunities for our clients and our people,” says Reynolds.

Tim Jackson

Tim Jackson

Jackson currently leads the Dallas office’s technology team. With more than  25 years of experience, his primary focus is working with private equity-backed technology companies in a variety of industries, including those publicly traded.

“I’m very excited to lead the technology and software group and believe that we’ll continue to find new ways to address the complex and evolving needs of tech-savvy consumers,” Jackson said.

Their predecessors both received promotions. Partner Bryan Wright became the new East Region M&D industry leader and partner John Kmetz is the new leader of the firm’s private equity practice.

More news from BKD LLP

BKD Names New National Leader for Private Equity Practice

John Kmetz

John Kmetz

Springfield, Mo.-based BKD LLP (FY19 net revenue of $662.9 million) has announced that John Kmetz is the new national leader for the firm’s private equity practice.

Kmetz succeeds Jerry Henderson, who is transitioning into the role of regional MP for BKD’s national advisory services region. Henderson says Kmetz has a great reputation in the field. “John is a proven leader and innovator.”

Kmetz provides financial statement audits of public and private companies in the manufacturing, service, retail, technology and software industries. He also oversees a variety of attest and advisory engagements related to acquisitions, revenue recognition and stock-based compensation.

“BKD’s private equity practice has seen incredible growth in recent years and is well positioned for the future,” Kmetz says. “I look forward to working closely with partners and staff who are passionate about serving this market. We’re very intentional in our approach and will continue to focus on the areas where we can serve our clients with the highest level of expertise.”

As a partner based in BKD’s Kansas City, Mo., office, Kmetz has more than 20 years of experience working with private equity and venture capital groups and their portfolio companies. Most recently, Kmetz was the national practice lead for BKD’s technology and software industry.

More news from BKD CPAs & Advisors

Sprague Joins BKD Forensics and Valuation Services

Bob Sprague recently joined Springfield, Mo.-based BKD LLP (FY19 net revenue of $662.9 million) as a managing director in the forensics and valuation services division. He will work from the Chicago office.

Sprague focuses on fraud investigation, forensic accounting and litigation consulting services. His experience encompasses a wide spectrum of financial consulting matters spanning multiple industries and client types. Sprague works with corporate stakeholders, in-house and outside counsel, auditors and special committees on forensic and fraud investigations with an emphasis on SEC enforcement matters and fraudulent financial reporting.

“We pride ourselves on providing cutting-edge support. Bob’s addition has expanded our capacity to further provide the depth of service required by clients in this field,” says Angela Morelock, MP of the forensics and valuation services division.

Prior to joining BKD, Sprague spent more than 22 years working for two global professional service firms and worked as an enforcement accountant in the SEC’s enforcement division, where he investigated potential securities laws violations.

More news from BKD LLP

BKD Offers New Service to Energy Industry

Deanna Duell

Springfield, Mo.-based BKD LLP (FY19 net revenue of $662.9 million) has hired its first energy industry contract compliance leader, Deanna Duell.

Duell will integrate Council of Petroleum Accountants Societies (COPAS) accounting guidance and model form interpretations. This new service, the firm says, will help clients clarify oil and gas accounting requirements for agreements in the form of contract audits and litigation support. These include action plans to provide for contract audits facilitating recoveries for nonoperators and limiting exposure for operators in complying with accounting in contractual agreements unique to the oil and gas industry.

Duell will join the firm as a director and be based in BKD’s Denver office. Before joining BKD, she spent several years working for large CPA firms and also operated her own accounting firm, Duell & Associates. She is experienced in serving the oil and gas industry in various capacities for operated and nonoperating wells throughout the United States.

More news from BKD

BKD Launches AI-Powered Lease Solution

Springfield, Mo.-based BKD LLP (FY19 net revenue of $662.9 million) is introducing a new tool, powered by artificial intelligence (AI), to help organizations implement GASB 87 and FASB Accounting Standards Codification 842 on lease accounting.

BKD LeaseVision provides an AI tool to extract key lease terms from various lease types, a road map to help provide an in-depth process framework and an Excel-based tool to help perform calculations and develop lease amortization schedules.

“BKD is excited to offer this tool to help our clients succeed,” says director Amy Shreck, one of BKD LeaseVision’s developers. “We look forward to using the LeaseVision tool to consult with organizations to help implement these complex lease standards.”

FASB recently approved the delay of its lease accounting standard effective date. However, “despite this delay, we are encouraging our clients and prospects to be proactive and start the process now,” says director Jessica Richter, one of BKD LeaseVision’s developers.

More news from BKD