Mya Nguyen

Industry Announcement: Baker Tilly Acquires RPA Services Provider Alirrium

On October 3, 2024, Baker Tilly announced that it acquired Alirrium, a provider of Robotic Process Automation (RPA) services. This acquisition demonstrates Baker Tilly’s commitment to leveraging cutting-edge technology to streamline operations and improve client services. Alirrium specializes in implementing RPA solutions that automate repetitive, time-consuming tasks, allowing firms to focus on more strategic and […]

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Industry News & Announcements

What Insights Business Valuators Can Get from NFIB’s Small Business Optimism Index?

For business valuation professionals specializing in small and medium-sized businesses (SMBs), understanding the economic landscape that these businesses operate within is crucial. Recent trends show that SMBs in the U.S. are experiencing an unprecedented mix of optimism and uncertainty, and this sentiment can significantly influence the factors you consider when valuing such businesses. You can

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Firm Management

Skills-Based Interview – A New Shift in Job Interviews for Business Valuation Professionals

As the business valuation landscape continues to evolve, so do the skills needed to stay ahead. Beyond technical expertise, the ability to effectively communicate and demonstrate competencies is becoming increasingly critical. One notable shift, affecting not just our industry but hiring processes across the board, is the rise of the skills-based interview. For professionals in

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Talent Management & Careers

Advanced Valuation Training: Business Valuation and M&A – October 21, 2024

On October 21, 2024, the National Association of Certified Valuators and Analysts® (NACVA®) and the Consultants’ Training Institute® (CTI®) are hosting an in-depth virtual training session as part of the “Around the Valuation World® In-Depth” series. This session will focus on Business Valuation and M&A, providing business valuation practitioners with essential knowledge to navigate complex

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Industry News & Announcements

VMG Health Expands Healthcare Solutions with Acquisition of Carnahan Group

VMG Health Expands Healthcare Solutions with Acquisition of Carnahan Group In a significant move, Dallas-based healthcare advisory firm VMG Health has acquired Tampa’s Carnahan Group, a consulting firm specializing in healthcare transformation through innovative technology. This acquisition bolsters VMG Health’s capabilities in physician compensation and strategic consulting, integrating Carnahan’s automated technology platforms into their service

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Industry News & Announcements

Offshoring for Valuation Firms: Cost Savings, Risks, and Key Markets

Offshoring is becoming an increasingly popular strategy for U.S.-based valuation firms to cut costs and scale operations. Popular offshore markets include India, the Philippines, and Eastern Europe. These regions offer skilled professionals at lower labor costs—typically resulting in savings of 30%-70% on tasks like data collection and financial modeling. However, like any strategic decision, offshoring

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Firm Management

Crowe Expands AI Center of Excellence: What It Means for Valuation Firms

Crowe LLP recently announced a significant expansion of its AI Center of Excellence, signaling its commitment to integrating advanced AI solutions across its services, including business valuation. With Doug Schrock now leading as Firmwide AI Managing Principal, Crowe aims to enhance its AI capabilities, focusing on tools like data curation and AI-driven analytics. This development

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Industry News & Announcements

Partner Compensation Gap in Valuation Firms: What’s the Right Spread?

When it comes to partner compensation at business valuation firms, there’s no one-size-fits-all model. Just like in accounting firms, you’ll find a wide range of compensation structures, from equal profit-sharing among founding partners to significant gaps based on performance, tenure, or other factors. So, how can partners and firm leaders ensure that the earnings gap

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Firm Management

Webinar Announcement: UNDERSTANDING DEALSTATS – October 10, 2024

We are excited to share a valuable learning opportunity for our valuation practitioner members, whether you are new to using DealStats or already incorporating it into your valuation work. The American Society of Appraisers is hosting a webinar titled “BV546: Understanding DealStats – What You Need to Know”, designed to help you get the most

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Industry News & Announcements

Accounting Today’s PE Summit – Chicago Marriott Downtown, November 20-21, 2024

Upcoming Event: PE Summit 2024 Date: November 20-21, 2024 Location: Chicago Marriott Downtown, November 20–21, 2024 The PE Summit 2024, organized by Accounting Today, offers invaluable insights for business valuation professionals specializing in M&A valuations and deal due diligence such as Quality of Earnings (QoE). With a focus on private equity, this summit will feature

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Industry News & Announcements