Finance consulting firm Accordion Partners launched their Financial Accounting & Advisory Services (FAAS) practice, to provide operational accounting, performance improvement and technical accounting support. Rich Medor, formerly an operational executive at Viacom, will lead the new practice group as managing director.
Accordion Partners today announced the launch of their Financial Accounting & Advisory Services (FAAS) practice, providing operational accounting, performance improvement and technical accounting support. Accordion, a strategic and operational finance consulting firm, has created the FAAS group to complement its existing Strategic Finance practice in offering deep financial, technical and operational expertise to private equity portfolio companies and middle-market companies within the Office of the CFO.
Accordion has hired Rich Medor to head the new practice group, serving as Managing Director, Head of Financial Accounting & Advisory Services. Prior to joining Accordion, Medor spent five years as an Operational Executive at Viacom where he, among other activities, led a governance, process and control team to support a global SAP/ERP finance transformation implementation across the United States, Europe, and Latin America for Viacom Media Networks. Before his time at Viacom, he spent 13 years at Ernst & Young (now EY), most recently as a Partner. Medor started his career as an auditor at KPMG, and also spent four years as a corporate auditor at Time Warner, Inc.
“Accordion is building a truly unique offering and I am honored and excited to be a part of a team of highly-specialized and execution-focused former private equity professionals, investment bankers and accountants from each industry’s most prestigious companies,” said Medor. “The Financial Accounting & Advisory Services group is the perfect addition to an already impressive array of services designed to create value for the CFO, the portfolio company, and the sponsor.”
“The Office of the CFO is increasingly becoming a strategic hub for organizations, leading major initiatives to meet organizational growth and financial targets,” said Nick Leopard, Founder and CEO of Accordion Partners. “The best strategic decisions stem from a solid finance function that maximizes management’s visibility into their financial data. By adding a dedicated Financial Accounting & Advisory Services practice to our Strategic Finance Services group, Accordion is solidifying its position as the strategic and tactical partner to the CFO.”
Accordion provides efficient execution of capabilities across finance, accounting and technology, serving as an integrated single partner to the CFO of private equity-backed companies and middle-market corporations. Accordion is committed to empowering the CFO to be a performance accelerator and a driver of strategic business goals, by providing a sound operational and technological platform. Services provided by the Financial Accounting & Advisory Services group include:
- Operational Accounting: Accounting policy & financial reporting; financial close process improvement; Sarbanes-Oxley compliance services; financial due diligence/integration; risk management services; IPO readiness & SEC compliance; valuations; tax provision.
- Performance Improvement: Spend analytics; program management; enterprise-wide cost optimization; value chain assessment; integrated working capital management.
- Technical Accounting: technical accounting guidance; financial accounting memorandums; GAAP conversions; financial statement conversions; mergers & acquisitions accounting.
About Accordion Partners:
Accordion is a financial consulting firm focused on executing value-creation initiatives for private equity firms at their portfolio companies, particularly within Strategic Finance and Financial Accounting & Advisory Services. We act as an extension of mid- and large-cap sponsors’ internal resources and operations groups, working shoulder-to-shoulder with the Office of the CFO at portfolio companies to implement new mandates and facilitate decision-making across the executive suite.