IT Managed Solutions

Expand on your services and growth with our qualified experts, specializing in Cloud Migration and the Implementation, Optimization, and Management of ERP & EPM Systems. In addition to ongoing application support and assistance, our state-of-the-art ticketing system offloads work to our consultants, freeing up your valuable resources to deal with other demands.

Accounting Department Stand-up & Strategic Advisory

BGSF offers expertise in setting up and optimizing accounting departments to ensure your financial operations are efficient, compliant, and strategically aligned with your business goals. Our consulting practice offers a comprehensive suite of services designed to build robust accounting infrastructures and provide strategic financial advisory to drive your organization’s success. BGSF will work with you to evaluate processes, procedures, human capital, and technological needs to optimize your organization's financial accounting, reporting, and transactional activities.
Financial Operations Integration & Stabilization

BGSF provides expertise in Financial Operations Integration & Stabilization, focusing on harmonizing and optimizing your financial processes to achieve operational excellence and long-term stability. Our consulting practice is dedicated to ensuring that your financial and operations systems are seamlessly integrated, effectively managed, and resilient in the face of change. BGSF has highly qualified oil and gas technical and functional application experts who ensure client applications are running optimally, to ensure businesses are operating efficiently and effectively. BGSF has experience in upstream oil & gas with clients of different types and sizes.
Software Selection

BGSF offers guidance to organizations through the critical process of selecting the right software solutions to meet their business needs. Our consulting practice is dedicated to ensuring that you make informed, strategic decisions that align with your operational goals, technological requirements, and budgetary constraints.
Application Implementation and Integration

BGSF specializes in guiding organizations through the complex journey of ERP (Enterprise Resource Planning) System Transformation. Our holistic approach ensures that every aspect of your ERP system—from selection and implementation to optimization and change management—is meticulously managed to drive efficiency, innovation, and growth. Whether a company is implementing a new ERP solution, transforming a current enterprise resource planning (ERP) system, or expanding functionality into an existing application suite, BGSF can assist. Our Subject Matter Experts are ERP-skilled consultants with decades of system implementation experience.
ERP System Admin Support

BGSF provides specialized ERP System Admin Support to ensure your ERP systems run smoothly, efficiently, and securely. Our consulting experts offer comprehensive administrative support that enhances the performance, stability, and effectiveness of your ERP environment, enabling you to focus on strategic initiatives and business growth. BGSF is ERP agnostic within the Oil and Gas space and our knowledge base spans all the major ERP providers. Our consultants have both knowledge of front-end user experience as well as the backend system expertise to support your accounting department functionally and technically. Our consulting experts offer comprehensive administrative support that enhances the performance, stability, and effectiveness of your ERP environment, enabling you to focus on strategic initiatives and business growth.
ERP System Transformation

Have multiple acquisitions left your company stacked with serval ERP software systems that do not integrate? Are you behind on ERP system upgrades or hotfixes? BGSF is proficient in specialized ERP System Admin Support and usage to ensure your ERP systems run smoothly, efficiently, and securely. We have the knowledge base and experience to review your current ERP and business processes.
Practice Contact

KYLIE SHARP Managing Director, Business Consulting ksharp@bgsf.com | LinkedIn
Internal Audit

We bring the expertise and proven methodologies to meet the challenges of evolving requirements, resource constraints, and increasing pressure to demonstrate added value. Co-Source / Outsource: We offer flexible and scalable options to ensure you have the right resources, with the appropriate skill sets, when you need them. We deliver subject matter experts for specific audits, co-sourcing professionals that operate as an extension of your team, or full outsourcing. Strategic Sourcing: We provide experienced professionals who can quickly integrate into existing teams and projects to assist in executing your organization's audit plan. Audit/Compliance Department Stand-Up: Our professionals have run Internal Audit departments and can implement tailored policies, procedures, organization structure, and supporting technology to support your needs, ensuring that IA is positioned to drive value throughout the organization.
Sarbanes-Oxley Compliance

Using a risk-based approach, our risk and compliance professionals help you develop a repeatable, sustainable, and scalable process to achieve your SOX compliance goals. Turn-key Compliance Program: Establishing a SOX compliance program can be a costly, labor-intensive, and complex challenge. Our professionals have built effective, efficient, and sustainable programs since the inception of the regulations. Using a disciplined approach and the right tools, we collaborate with process owners, external auditors, and the Audit Committee to develop a tailored, right-sized compliance program. Compliance Program Optimization: Periodically evaluating the effectiveness of your SOX compliance program, particularly during significant changes such as mergers/acquisitions/divestitures or ERP implementation, is key to an efficient, quality, and cost-effective program. Control Design & Operation Effectiveness Assessment: Access our subject matter experts to design and execute efficient and effective control testing. We can work as an extension of your team or be deployed to manage testing with external auditors and management.
Controls Advisory

Whether you are planning a system implementation, facing post-implementation challenges, or need to address control deficiencies, our risk and compliance professionals collaborate with internal and external stakeholders to design, document, implement, and validate the right mix of internal controls. System Implementation Support: The focus on meeting system implementation deadlines and executive stakeholder expectations can result in going-live before revised business processes and internal controls are embedded in the transformation, or without complete documentation required for SOX, internal audit, and successful user adoption. Proactively including our internal control experts in the system implementation team mitigates the risk of post-implementation disruption. Post-Implementation Reviews: A post-implementation review (PIR) to evaluate the outcomes and impacts of an implementation is key to ensuring that the system is performing optimally and meeting the business objectives. Audit/SOX Deficiency Remediation: Repetitive deficiencies, or manual workarounds for infective processes and systems, require remediation plans that are cost-effective and truly address the root cause. Documentation, training, and change management are critical to timely and effective remediation.
Process Optimization

Business Process Optimization includes analyzing tasks, workflow, and process maturity with the goal of improving accuracy, efficiency, and effectiveness. The objective is decreased processing time, reduced errors, and consistently high-quality results for stakeholders and sponsors.
Practice Contact

GILLIAN BOYER Managing Director, Business Consulting - Internal Audit, SOX, & Process Optimization Mobile 713-927-7654 | gboyer@bgsf.com | LinkedIn
Due Diligence and Financial Assessment

We bring the knowledge and proficiency to the financial due diligence process to assist our clients in identifying M&A transaction value drivers, improving deal structures, and reducing risks. Detailed Review Process: Our detailed financial due diligence review covers everything you need to get ready or review (depending on whether you're sell or buy-side) during an M&A deal, including income statements, balance sheets, cash flow statements, operating margin, gross margin, profit margin, and sales concentration. Quality of Earnings: We zero in on identifying items that may affect the valuation, helping clients to understand earnings quality and gain a clear picture of a company’s true state of financial health. Items may include noncash or nonrecurring transactions, over/understated assets and liabilities, timing errors, pro forma adjustments, and normalization adjustments. Income Statement Analysis: Our review includes an analysis of revenue by customer, product, geography, revenue recognition, cost of sales components, operational expenses components, and trend analysis. Balance Sheet Analysis: Our review includes an analysis of cash accounts and comparing cash collections to revenue and cash disbursements to expense, an analysis of accounting and trending of accounts receivable, inventory, accounts payable, accrued expenses, and other assets.
Closing Settlement Statement Review

Verifying acquisition and sale post-closing adjustments takes time and resources. Our team has the unmatched expertise and experience to ensure your acquisition or sale agreement delivers exactly what was intended. Our proven and detailed review methodologies continually find exceptions that result in significant recoveries for our clients. Detailed Review Process: Our team of subject matter experts performs a detailed review of the acquisition/sale closing Settlement Statement, which includes a review of Property Costs - Capital Costs for drilling, Completion and Surface Equipment, Lease Operating Expenses, Lease Bonus Payments, Revenue, and associated deductions, and suspense.
Transition Period Agreement Review

Confirming financial adjustments during the Transition Period on a purchase and sale transaction requires significant effort and experienced resources. Our team has the unmatched expertise and experience to ensure your acquisition or sale agreement delivers exactly what was intended. Our proven review methodologies continually find inaccuracies that lead to significant recoveries for our clients. Detailed Review Process: Our team of subject matter experts performs a detailed review of the acquisition/sale Transition Period Settlement Statement, which includes a review of Property Costs- Capital Costs for drilling, Completion and Surface Equipment, Lease Operating Expenses, Lease Bonus Payments, Revenue, and associated deductions, and suspense.
Joint Venture Audits

As organizations look for ways to innovate and expand, joint ventures become more and more frequent. But, executing these transactions leads to questions. Uneasiness about dollars invested, compliance, reporting requirements, and risk. We change uncertainty into assurance. Joint Venture Audit Process: Our team of specialists handles the full audit life cycle including: Review of Operators well files and customized analysis plan to effectively and efficiently target JADE data. Review of vouchers for compliance with agreements, including but not limited to locations worked, personnel levels, coding accuracy, etc. Detailed review of revenue items and related allocation components. Exception Report for client post audit resolution.
Vendor Audits

The effective management, use and monitoring of vendors and third parties for goods and services is critical to the success of every business. Our experienced team supports our clients with consulting on industry best practices when performing vendor audits to help minimize risk of billing errors, fraud, and to identify potential overbillings for recoveries.
Gas Plant/Pipeline Audits

Our team brings years of experience and the required expertise to deliver efficient and comprehensive audit services that bring significant value to our clients. We offer comprehensive revenue, gas plant, and pipeline audit services designed to maximize efficiency and value for our customers. Our streamlined process and proven methodologies ensure a thorough review that has consistently resulted in considerable monetary recoveries for our clients.
Lender Due Diligence & Collateral Assessment Regulatory and Compliance

Financial Services firms, Investors, and Lenders need reliable data when monitoring their loan portfolio. A trusted partner helps you effectively evaluate the credit, operational, and enterprise risks that need to be assessed. Our professionals bring the expertise, knowledge, and experience to enhance your decisions while mitigating potential risks and pitfalls. Our proven methodologies and detailed review procedures provide the right analytics that provide confidence and assurance for our clients.
Practice Contact

CHARLES VANA Senior Managing Director cvana@bgsf.com | LinkedIn
Financial Close Optimization

Optimization of a financial close process requires experience and familiarity not only with data flows, multi-system interface, but also experience in organizing motivating an entity's human capital. BGSF's financial close optimization process not only looks to offer solutions from data and systems, but, examines your entity's processes and human capital resources for maximum leverage. BGSF team members bring knowledge and experience needed to identify and collaborate on techniques and methods in which to accelerate close time, and optimize existing systems and manual processes. BGSF team members are multi-level experienced professionals who can assist with bandwidth issues due to team member transitions, or company acquisitions, dispositions, or other transactions. The edge brought to Close Optimization by BGSF is our ability to also able to leverage our team of IT system professional services for insight on how to automate manual processes and manual system integrations into automated and time saving processes. Let our teams collaborate with yours to discover how we can enhance and leverage every aspect of your Company's organization processes, systems and human capital. Contact one of our Directors today to hear more about hat BGSF can do for you.
SEC Reporting & Public Company Services

When assistance is required in getting back into compliance, or experienced support is required to fill a gap to ensure timely compliance and reporting, BGSF's seasoned professionals can provide the relief and proficient support to ensure, maintain or regain timely statutory reporting compliance. Our statutory practice professionals have genuine experience and knowledge in what it takes to successfully achieve filing compliance. Our Seasoned professionals are adept in complex accounting and technical issues, identifying organization pain-points, and expertise in statutory filing requirements to provide the support required. Whether you are dealing with an acquisition, disposition, equity issuance, complex accounting issues, or planning for a interim personnel solution, BGSF can provide the advantage and relief required. We do not just consult, we do. Periodic Filing Preparation and Support (10K, 10Q, 8K) Compliance Filings Drafting (Part I, II, MD&A, Exhibits, Fin.Stmts. & Footnotes) Transactional Filing Preparation & Support (S-1/S-3 and S-4/S-8) Financial Reporting Compliance Platform Support and Services Annual Proxy Preparation & Documentation Support Shareholder Meeting Support & Services Management Company Compliance Reporting Support & Advisory Services Section 16 Consultation & Filing Support Services XBRL Compliance, Review, & Tagging Services SEC/NASDAQ Compliance Monitoring / Compliance Plan Strategy
External Audit Support

BGSF provides experienced and expert audit support services for External Audit and Statutory Reporting compliance requirements. BGSF offers services at the leadership and support levels in the areas of Financial Reporting; Technical Accounting; Transactional Accounting, SOX and Internal Controls and Risk Management and Internal Audit. BGSF has experienced former Directors and Managers, and experienced accountants in revenue, fixed assets, or general accountants, who can come in and lead established teams on a interim or project basis or serve in support roles. Whether it is assistance through an external audit or assistance in getting external auditors through support and documentation of a statutory filing, BGSF has the precise level of functional and technical consulting professionals with the experienced soft-skills needed to achieve success. Whether its your annual external audit period with an employee out or leave or a role in transition, or your entity has just completed a equity or debt issuance, acquisition, disposition, or bankruptcy and addition expertise and familiarity is needed BGSF has you covered. Reach out to one of our Managing Directors for more information. Accounting and Reporting Support Preparation and Fulfillment Services Interim or Transitional Role Support SOX, Process and Controls Support External Auditor and Legal Counsel - Liaison Support Services and Coordinator Technical Expertise
Financial Statement Preparation

Whether it is for internal or external reporting purposes, BGSF is here to assist your organization in the preparation of your Financial Statements and internal reporting packages. Whether it is a Bluebook, Blackbook, or periodic financial statements for quarterly or annual reviews or audits, respectively, BGSF has the experience and expertise you are seeking. Whether you are dealing with a simple structure or a complex consolidation with elements of intercompany and eliminating transactions, our Consulting and Advisory professionals have the industry and system experience to meet your periodic reporting needs on a timely basis. Whether it is to join your team on an interim basis due to bandwidth issues to a leave-of-absence or position in transition, or a short term project BGSF has experienced team members who can assist. Additionally, if you are looking to outsource financial statement preparation we have you covered. BGSF has an ever growing bench of back office support team members which can assist with general accounting reconciliations, Cash, AR, AP, Inventory, Fixed Assets, or JIB to name a few. Reach out to one of our Directors to find the right team member to fit your financial reporting and financial statement preparation needs. Journal Processing and Account Reconciliations Financial Reporting Process Optimization Financial Stmt. Preparation (Inc.Stmt.; Bal.Sht.; OCI; SHE; Cash Flow) & FN Disclosures Financial Stmt. Reporting Package Preparation
Technical Accounting & US GAAP Consulting

In a world of complex, dynamic, transitional accounting rules, governmental regulations and industry techniques , the two words "Technical Accounting" can be obstruse and arduous, and feel isolating and intimidating. Technical Accounting implementation and adoption can involve process or system software changes, development of new policies or procedures, and creation of complex calculations and documentation. BGSF is here to assist and partner with you to navigate the extensive and, at times, laborious and taxing rules, guidelines, and regulations which can encompass Technical Accounting issues. With experienced consultants and professionals BGSF brings the technical experience and industry depth needed to assist in the identification, creation, documentation and implementation of technical accounting and complex transaction reporting issues. Whether you are dealing with an acquisition, disposition, revenue recognition, leases, share-based compensation, or equity or debt issuances, give us a call today to discover what BGSF can do for you. Technical Research and Documentation Process Development and Implementation Transactional Support Debt Compliance Monitoring & Covenant Testing
Financial Planning & Analysis

BGSF offers seasoned industry and financial reporting team members ready to assist you in your forecasting, budgeting, capital spending and scenario analysis. Our team members have experience in enhancing or supporting existing solutions. We are professionals with real world experience in FP&A roles from leadership roles to support staff. Our team members do not only consult, but do have experience in the areas of leading FP&A teams, supporting FP&A teams in the creation, update, maintenance and development analyses, and assisting FP&A teams trouble shooting model and analytic issues. Coupled with our IT team members experience and knowledge, BGSF brings an ability and advantage to be able to streamline and automate certain aspects of existing FP&A processes and analyses. Whether you require our team members to support your FP&A team during transitional periods or during a leave of absence, or come in and Lead the team for an interim period, BGSF has the right team member for you. Contact one of our Directors for more information on how we can support you and your organization. Budgeting & Forecasting Preparation and Support Services Budget to Actual Reporting and Analysis KPI Identification, Measurement and Reporting Debt Management Support Services Fractional Controllership Services Cash Management Services and Support Profit Margin Analyses and Assessment Cash Flow Alignment - A/R and A/P Alignment and Cash Flow Management
Practice Contact

CHRIS GONZALEZ Managing Director cgonzalez@bgsf.com | LinkedIn

Insights

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