Top 25 accounting firm Cherry Bekaert is expanding its enterprise resource planning (ERP) and technology and consulting capabilities by acquiring ArcherPoint, a Microsoft Certified Solutions partner servicing clients across North America and Europe, as well as an ArcherPoint affiliate, Suite Engine, a solutions developer for Microsoft Dynamics 365 Business Central.
Financial terms of the deals weren’t disclosed.
Headquartered in Lawrenceville, GA, ArcherPoint has a nationwide presence, as well as offices in Canada and India, and brings in approximately $32 million in total annual revenue. For more than 20 years, ArcherPoint has been providing full-service ERP implementation, integration, development, support, and upgrade services to clients in the manufacturing, distribution, retail/ecommerce, and professional services industries.
As a global Certified Microsoft Dynamics Solutions partner and LS Retail partner, ArcherPoint provides clients with modern workplace solutions, including Microsoft Dynamics 365 Business Central, Dynamics NAV, LS Retail, Azure, Microsoft 365, and Power Platform.
The acquisition of ArcherPoint enhances Cherry Bekaert’s ability to advise clients on the best business applications for their needs, according to Michelle Thompson, CEO of Raleigh, NC-based Cherry Bekaert Advisory.
“The addition of ArcherPoint’s capabilities enhances our Microsoft offerings and strengthens our ERP capabilities across the board, providing a great benefit to our clients,” she said in a statement. “This acquisition boosts our ability to bring digitally driven, industry-aligned solutions to the marketplace. This is an exciting step forward for both our firms.”
ArcherPoint CEO Greg Kaupp said joining forces with Cherry Bekaert brings “tremendous opportunity” for both firms’ clients.
“We are excited to work with a highly esteemed national firm and look forward to the benefits this will bring our clients and our people,” he said. “As a leading Microsoft Dynamics Gold-certified partner, ArcherPoint has a proven track record of delivering outstanding results to clients worldwide. This collaboration will allow us to leverage the deep knowledge of a reputable national accounting and advisory firm to further enhance our ability in providing innovative and comprehensive technology solutions to clients across various industries.”
Satish Thomas, corporate vice president of Microsoft Business & Industry Solutions, added, “Our partners are a critical part of everything we do at Microsoft. The combination of Cherry Bekaert’s advisory, audit, and tax services with ArcherPoint as a Microsoft Dynamics 365 solutions partner will enable our joint customers to accelerate their digital transformation journeys. This collaboration enhances operational excellence, improves customer and employee experiences, opens the door to innovative, digitally driven products and services. We’re excited about the opportunity this brings to our small to medium-sized business customers.”
Also headquartered in Lawrenceville, Suite Engine supports complex, multichannel businesses and processes with solutions powered by Microsoft Dynamics 365 Business Central. Each solution integrates with all Microsoft 365 apps and is hosted in the cloud by Microsoft. Solutions provided by the company include payment processing, ecommerce channel management, residential development management, and heavy equipment dealer management systems.
“The addition of Suite Engine’s Microsoft-based business applications solutions bolsters Cherry Bekaert’s portfolio of offerings to clients looking to improve their business processes and operations with innovative technology solutions,” Thompson said. “We look forward to the expansion of our capabilities to serve our clients, further strengthening our ability to offer a comprehensive suite of technology consulting services that integrate seamlessly with our core accounting, tax and advisory services.”
The acquisition of Suite Engine enhances Cherry Bekaert’s ability to provide clients with targeted solutions to simplify processes. The accounting firm is now equipped with:
- Equipment dealer management system: RPM, a commercial and industrial equipment sales, rental, and service solution.
- Multichannel sales management software: CSM, a unified ecommerce channel management solution.
- Construction management system: HomeBuilder, a residential development management solution.
- Payment processing software: CPM, a retail payments workflow application.
“We are absolutely thrilled to join forces with Cherry Bekaert and eager to explore the exciting opportunities ahead. By leveraging Cherry Bekaert’s vast capabilities and resources, we can continue providing seamless support for our client’s business processes through our carefully crafted solutions for Business Central,” said Tom Marshello, director of Suite Engine. “We are confident this collaboration will bring tremendous value to our partners and clients and further reinforce our position as a leading provider of innovative ERP solutions in the market.”
The acquisitions of ArcherPoint and Suite Engine come two months after the accounting firm acquired Houston-based Kerr Consulting, a business applications and cloud technology provider servicing clients across the U.S.
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