Armanino Llp Case Analysis

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COMPANY ANALYSIS- Armanino LLP BACKGROUND AND INDUSTRY INFORMATION Armanino LLP is the largest independent accounting and business consulting firm based in California with revenues of $155 million in 2015. They offer their services to profit and non-profit organizations. Armanino was founded in 1953, and it has nearly 600 employees. The company extended its global services to more than 100 countries through its membership in Moore Stephens International Limited - one of the world’s major accounting and consulting membership organizations. Armanino’s goal is to provide assistance in audit tax, consulting, and technology solutions to companies worldwide. The firm has won awards such as “Best of the Best” in 2015 from Inside Public Accounting, …show more content…

They offer a variety of accounting software to growing companies. Armanino focus on changing QuickBooks, MAS, Peachtree, and other software to Intacct, which gives access to real-time financial and non-financial data, simplifies and minimizes order processing times, financial consolidations, close processes, and more. These changes in technology contribute to the growth of their clients because they are getting the best resources. Also, Armanino provides innovation according to the company’s industry, so they can succeed in whereever they …show more content…

Armanino is not taking advantage of the global services markets that could bring them many benefits to their company. Outsourcing market could give Armanino access to high qualified and talented people who are constantly working hard on creating marketing strategies to attract customers. Opportunities: Armanino investments in critical business have increased over the last few years causing a rapid growth in their revenue. Recently, Armanino’s Service Organization Control (SOC) became stronger with the hiring of a new partner. This investment will benefit clients and assure them a better service. Liam Collins says, “ It’s very unique for a firm to invest in a dedicated practice and it allows me to provide clients with unrivaled service, efficiency, and depth of analysis on their control environment.” These investments sustain the company’s growth. Threats: Armanino experiences challenges in retaining highly skilled people because they are constantly sought after by other private organizations. Besides that, the US government is imposing new disclosure obligations that could lead to deep investigations. Armanino is subject to these new regulations and that could affect the company’s

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