UHY Acquisition
Clear Point Consulting, a leading provider of finance and accounting consulting services, has announced the acquisition of UHY Consulting's Planful Practice. The move is expected to significantly expand Clear Point's capabilities in financial planning and analysis, and further solidify its position as a leading provider of financial consulting services.
“The combined team of talented professionals will have the ability to implement cloud-based tools for clients using the industry’s most innovative software platforms, allowing us to help our clients in key business areas,” said Bill Rausch, Founder and Managing Director, at Clear Point. “The combination of our two practices will allow us to better serve our clients through the breadth of product offerings and depth of knowledge from each practice.”
“Clear Point Consulting’s acquisition of UHY Consulting’s Planful practice brings together the complementary strengths of our respective organizations,” says Bill. UHY has said that “Clear Point has expanded our Pigment software implementation and optimization capabilities in the US market, and they have brought additional capabilities for both Planful and Boomi software implementations. These additional capabilities and resources have enhanced our nationwide project capabilities with more team members located in key markets.”
UHY Consulting's Planful Practice is a top provider of cloud-based financial planning and analysis software, helping businesses of all sizes to improve their budgeting, forecasting, and reporting processes. With the acquisition, Clear Point Consulting gains access to this cutting-edge software and the expertise of the Planful team, which will be integrated into Clear Point's existing service offerings.
The acquisition is expected to provide Clear Point's clients with access to a comprehensive suite of financial planning and analysis tools, allowing them to make better business decisions based on accurate and timely financial data. By combining Planful's software with Clear Point's consulting expertise, clients will be able to improve their financial performance, optimize their business processes, and drive growth.
"We are thrilled to be acquiring UHY Consulting's Planful Practice," said Bill Rausch, Managing Director of Clear Point Consulting. "This acquisition will enable us to provide our clients with a complete solution for financial planning and analysis, further strengthening our position as a leader in the finance and accounting consulting space."
The acquisition is also expected to result in significant operational efficiencies and cost savings for Clear Point Consulting. By integrating Planful's software into its existing platform, the company will be able to streamline its processes and reduce its reliance on third-party providers, leading to greater scalability and growth potential.
For UHY Consulting, the sale of the Planful Practice was part of a strategic decision to focus on its core consulting services. "We are pleased to have found a partner in Clear Point Consulting that is committed to delivering high-quality financial consulting services," said UHY. "We believe that Clear Point is well-positioned to take the Planful Practice to the next level, and we wish them all the best in this new venture." The acquisition is expected to close in the coming weeks, with the integration of Planful's software set to be completed in the near future.
Overall, the acquisition of UHY Consulting's Planful Practice is seen as a major milestone for Clear Point Consulting, which has been steadily growing its client base and expanding its reach in the corporate finance and accounting consulting industry. With the addition of Planful's software and expertise, the company is well-positioned to continue its upward trajectory and provide even greater value to its clients.