BGS SUPPORTS ASC 606 COMPLIANCE FOR $1.6B GOVERNMENT CONTRACTOR
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A consulting and technology services government contractor needed to assess and improve their revenue recognition processes in accordance with the new ASC 606 standard. BGS Consulting was retained to deliver an assessment of the impact of ASC 606 to the finance organization, enabling them to improve and update necessary processes. Our technical accountant performed detailed contract reviews, summarizing relevant components of the new standard that required attention to comply with the new rules.

This government contractor provides strategic planning, research, program management, data analytics, technology, cybersecurity and marketing services, particularly in the areas of government, energy, environment, transportation, social programs, public safety and security and financial markets.

“We didn’t know where to begin to adopt the new revenue recognition rules,” said a project manager. “BGS lifted a huge weight from our shoulders by identifying the areas of our business that will be affected, allowing us to adjust our processes accordingly.”

BGS Consulting is a professional staffing firm that specializes in flexible and direct hire staffing in technology, finance and accounting, government, and high growth companies. We are dedicated to making leadership and functional role placements that last. We take the time to listen and understand the staffing needs of unique growing businesses so that we can effectively locate, screen, and place the most qualified employees. We are focused on connecting talented people with reputable companies across the greater Washington, D.C. metro area as well as both the Richmond and Baltimore metro areas.

BGS ASSISTS $2B GOVERNMENT CONTRACTOR IN REVENUE RECOGNITION
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In accordance with the new revenue recognition standard, a government contractor needed to assess current processes and implement necessary ASC 606 rules. BGS Consulting provided the  technical accounting resources necessary to perform detailed contract reviews and to summarize relevant components of the new standard.

The Company is global with significant operations overseas.  The company employees over 20,000 individuals and required reviews of significant and complex contracts as part of this engagement.

“We needed a technical accountant to help us uncover where our business would be impacted by the new standard,” said a project manager. “Thanks to BGS, we are confident that we have appropriately addressed and adopted the requirements of the new standard.”

BGS Consulting is a professional staffing firm that specializes in flexible and direct hire staffing in technology, finance and accounting, government, and high growth companies. We are dedicated to making leadership and functional role placements that last. We take the time to listen and understand the staffing needs of unique growing businesses so that we can effectively locate, screen, and place the most qualified employees. We are focused on connecting talented people with reputable companies across the greater Washington, D.C. metro area as well as both the Richmond and Baltimore metro areas.

BGS SUPPORTS GOVCON CLIENT IN CORPORATE GOVERNANCE
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As a result of a multi-billion dollar acquisition, a large government contractor was faced with significant gaps in their Sarbanes–Oxley (SOX) compliance. BGS Consulting was engaged to provide multiple resources with a variety of disciplines to support a significant SOX remediation effort, ensuring consistent policies and records of the transaction were properly kept. As a result, our government contractor client was able to bring the organization into compliance in a timely manner, exceeding the expectations of the team.

Headquartered in the Washington, DC, area, the government contractor is one of the largest companies in the aerospace, defense, security, and technologies industry, employing approximately 100,000 people worldwide.

“I am impressed with the caliber of service and professionalism that BGS provided.” said a key stakeholder. “With their support, we were able to reach compliance within our compressed time frames with a high degree of quality.”

BGS Consulting is a professional staffing firm that specializes in flexible and direct hire staffing in technology, finance and accounting, government, and high growth companies. We are dedicated to making leadership and functional role placements that last. We take the time to listen and understand the staffing needs of unique growing businesses so that we can effectively locate, screen, and place the most qualified employees. We are focused on connecting talented people with reputable companies across the greater Washington, D.C. metro area as well as both the Richmond and Baltimore metro areas.

BGS PROVIDES ONGOING FINANCE AND ACCOUNTING SUPPORT
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An environmental consulting company needed functional finance and accounting support for back office duties, including daily journal entries, monthly close, financial analysis, budget modeling and forecasting. The company had previously outsourced these functions to a third-party but was not happy with the attention and service they were receiving.  The company reached out to BGS Consulting for advice. BGS Consulting was engaged to take over the monthly accounting support and assist in special projects while conducting a search for a full time resource so the company could move these services back in house. Our team seamlessly took over the outsourced controller services and reported directly to the CFO while helping to define and source the right internal resource.

The small energy advisor currently operates with 50+ employees and is growing fast, which has required finance and accounting support that’s fast and flexible. As a part of BGS Consulting’s back office accounting support services, we act as an outside controller for small businesses.

“BGS has seamlessly integrated with our team to meet a variety of daily accounting needs.” said the CFO. “We entrust BGS in fulfilling the controller role, which allows us to focus our internal team on other activities.”

BGS Consulting is a professional staffing firm that specializes in flexible and direct hire staffing in technology, finance and accounting, government, and high growth companies. We are dedicated to making leadership and functional role placements that last. We take the time to listen and understand the staffing needs of unique growing businesses so that we can effectively locate, screen, and place the most qualified employees. We are focused on connecting talented people with reputable companies across the greater Washington, D.C. metro area as well as both the Richmond and Baltimore metro areas.

BGS PLACES MULTIPLE POSITIONS AT PRIVATE EQUITY COMPANY
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The CFO of a high growth private equity company needed to assess the finance organization’s objectives and identify the required positions to support them. BGS Consulting was retained to compare current resources against organizational capabilities to determine functional role requirements that would enable the CFO’s organization to support the future goals of the business. As a result, BGS Consulting managed the recruiting process to place high caliber talent in multiple permanent positions.

The private equity owned company, located in the Washington, D.C. area achieved $170M in revenue last year and is continuing to grow.

“Our new hires brought the functional skills we needed and were a good cultural fit in our organization. It was refreshing to have talent come onboard with a high level of enthusiasm for their new roles” said the CFO. “They have settled in and have been high performing members of the team.”

BGS Consulting is a professional staffing firm that specializes in flexible and direct hire staffing in technology, finance and accounting, government, and high growth companies. We are dedicated to making leadership and functional role placements that last. We take the time to listen and understand the staffing needs of unique growing businesses so that we can effectively locate, screen, and place the most qualified employees. We are focused on connecting talented people with reputable companies across the greater Washington, D.C. metro area as well as both the Richmond and Baltimore metro areas.

BGS RETAINED TO PERFORM CFO SEARCH FOR HIGH GROWTH COMPANY
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Our client organization had recently gone through significant growth and had an aggressive plan to continue expansion through merger and acquisition (M&A) activities. The high growth company was in need of a suitable finance executive to lead the company through the next stage of significant growth. BGS was retained to conduct an exclusive search of high level candidates to fill this critical role. Our team mobilized and prequalified a strong pool of candidates that exceeded the client’s timeframe and expectations, allowing them to focus on other business objectives while BGS managed the entire recruitment process.

Our client had an aggressive growth strategy, including a doubling of the company within a 3 year period. Finding the right executive was critical.

“I’m impressed with the caliber of the candidates that were brought to us” said the CEO. “We trusted BGS versus other national firms because of the deep rooted relationships to the local network and DC community.”

BGS Consulting is a professional staffing firm that specializes in flexible and direct hire staffing in technology, finance and accounting, government, and high growth companies. We are dedicated to making leadership and functional role placements that last. We take the time to listen and understand the staffing needs of unique growing businesses so that we can effectively locate, screen, and place the most qualified employees. We are focused on connecting talented people with reputable companies across the greater Washington, D.C. metro area as well as both the Richmond and Baltimore metro areas.

 

BGS SUPPORTS TIMELY TAX COMPLIANCE FOR GLOBAL TECH CLIENT
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A global technology company was facing critical international compliance issues while they were preparing for a significant transaction. Their non-compliance put this transaction and the growth of the business at risk. BGS Consulting was engaged to bring all statutory audit and tax filings current within a very short time frame. Our team mobilized and acted quickly to enable the company to achieve complete compliance within a short timeframe which allowed the company to focus on its more strategic initiatives, including a significant re-capitalization of its ownership structure.

The company has global operations in 14 foreign locations across the globe including the United States.

“The BGS team got up to speed on the project quickly and brought the right level of experience to make an impact on day 1” said an integral project manager. “I look forward to continuing to work with them on other compliance related projects.”

BGS Consulting is a professional staffing firm that specializes in flexible and direct hire staffing in technology, finance and accounting, government, and high growth companies. We are dedicated to making leadership and functional role placements that last. We take the time to listen and understand the staffing needs of unique growing businesses so that we can effectively locate, screen, and place the most qualified employees. We are focused on connecting talented people with reputable companies across the greater Washington, D.C. metro area as well as both the Richmond and Baltimore metro areas.