Allegiance Advisory Group’s (AAG) CFO Advisory offerings focus on consulting services for the Office of the CFO and Corporate Controller. We specialize in those matters most important to the financial institution CFO or controller; valuation, complex accounting and financial reporting matters, controls and strategy.

Our expertise lies in developing innovative yet practical and cost effective solutions to the financial management and reporting challenges today’s Finance Executive faces. We bring a wealth of hands on experience and technical expertise to the table. Whether it’s helping you tell your financial story, demystifying a new accounting or regulatory rule, solving a complex valuation issue or simply providing an intelligent set of helping hands to get a project done, AAG is focused on making today’s finance executive more efficient and effective.

Our practice areas are as follows:

Accounting Policy Development and Implementation:
AAG offers a partnership with our client’s accounting policy and operational teams to develop repeatable processes that produce accurate and consistent results in compliance with existing or new accounting pronouncements affecting the overall business enterprise and its architecture. Or, we can implement a new standard from start to finish, leaving behind a sustainable and supported process for ongoing compliance.

Our implementation success includes experience with interest income recognition standards (both performing and non performing assets) securitization and consolidation standards, derivatives and hedge accounting standards and financial instrument valuation standards.

Financial Technology Integration:
We provide expertise in the design, implementation, execution and documentation of integrated business and accounting platforms. This service offering combines AAG’s core strengths of systems capabilities and financial expertise. By leveraging our financial competency and our in-house system capabilities, we can provide an interactive analysis of client capabilities and market opportunities. We help our clients develop custom methodologies and/or Commercial Off-the-Shelf (COTS) tools that provide a well rounded and comprehensive view of financial results, as well as practical solutions for pressing business and technology challenges. Our comprehensive financial markets architecture, software intelligence and detailed process model spans the range of needs from strategy adoption to financial technology integration.

Close Process Improvements:
AAG implements change, in collaboration with our clients and business alliances, geared to expedite and maximize performance throughout the Close cycle.  AAG, with its proven methodologies and pertinent industry expertise in the close process, delivers innovative solutions that build productivity, reduce costs, strengthen service delivery, improve quality, and maximize business efficiency.  We’ll make your close process faster and cheaper.

Financial and Management Reporting:
Financial reporting provides pertinent and timely information about the financial performance and results of a company for a given time period. The information conveyed should be useful to various stakeholders, including shareholders and creditors, who need to make key financial decisions in a timely and expedient fashion.  

AAG’s Financial Reporting service offering strengthens the delivery of accurate and timely information regarding enterprise results and provides key business decision support through:

• Market Trend, Competitor and Variance Analytics
• Advanced Performance Measurement
• Fair Value Change Attribution
• Sensitivity Analysis for key market variables
• Capital Forecasting, Budgeting, and Analysis
• Preparation of Financial Statement's disclosure and footnotes
  

Financial Controls:
AAG brings a deeply skilled, experienced team that utilizes a robust and comprehensive process framework for Sarbanes Oxley (SOX) 404 implementation efforts.  Our team takes a risk-based approach to financial controls and governance, by providing solutions that improve control performance, while maintaining operational efficiency.  AAG has led and assisted clients in meeting the requisite documentation and compliance standards for SOX through:

• Documentation of business processes and controls
• Enterprise Architecture design (and technical controls) to complement business processes
• Development of Risk Control Matrices (RCMs) to identify key risks and their corresponding controls through the business process
• Testing and validation of the operational effectiveness for key controls
• SOX Act 302 and 404 compliance
• COSO internal control framework development
• Internal Audit support

AAG expertise results in a strengthened internal control environment, reliable controls documentation, standardized IT and business processes, reduced complexity of organizational process, and a more effective and efficient use of automated and manual controls.

Fractional and Temporary Finance Executive Services:
Our team’s financial executive experience in the financial services arena positions us well to provide fractional and temporary executive leadership. Fractional executive services are custom made to each client’s unique situation to assist in getting the most out their business. Whether it’s developing growth or funding strategies, selecting vendors or negotiating contracts, the fractional CFO can be a cost effective solution for a variety of issues facing small and middle-market companies.

Litigation Support:
Our expertise in accounting, disclosure and valuation matters related to financial instruments enables us to support our client’s litigation needs. As accounting and valuation standards become increasingly complicated, AAG is there to provide clarity to the seemingly incomprehensible maze of GAAP and regulatory requirements. Our experience in this area has been focused on securitization transactions, and derivative and mortgage backed security valuation and accounting matters. Our specialty is making the complex simple so that litigators can quickly focus on the merits of their cases.