Join Ryan Spohn, CFO of Sikich, and host Blake Oliver to explore how modern CPA firms are revolutionizing the industry by abandoning the traditional partnership model. Discover innovative strategies for attracting and retaining top talent, including Sikich's alternative practice structure and novel performance metrics. Learn how firms shift from "total hours worked" to holistic evaluations of effectiveness, client satisfaction, and quality. We'll also discuss service diversification, internal mobility, and technology investments. Plus, get insights on Sikich's recent $250M Bain Capital investment. Don't miss this opportunity to understand the future of accounting firms!
(Originally recorded on September 26, 2024, on Earmark Webinars+)
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Chapters- (00:39) - Meet Ryan Spohn, CFO of Sikich
- (01:46) - Sikich's Alternative Practice Structure
- (02:58) - Private Equity Investment from Bain Capital
- (03:57) - Strategies for Attracting and Retaining Top Talent
- (08:46) - Employee Wellness and Work-Life Integration
- (11:18) - Innovative Billing and Client Engagement
- (21:20) - Modernizing ERP and Technology Stack
- (27:08) - Ryan Non-Traditional Background
- (29:28) - The Importance of Understanding the Work
- (30:39) - Expertise and Team Composition
- (31:02) - Transition to Public Accounting
- (32:34) - Equity and Compensation Challenges
- (34:00) - Innovative Equity Solutions at Sikich
- (37:17) - Reinvesting in the Firm
- (46:07) - Internal Mobility at Sikich
- (48:40) - The Future of Accounting with AI
- (54:41) - Conclusion and Final Thoughts
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Connect with Our Guest, Ryan Spohn
LinkedIn: https://www.linkedin.com/in/ryan-spohn-9b21431/
Connect with Blake Oliver, CPA
LinkedIn: https://www.linkedin.com/in/blaketoliver
Twitter: https://twitter.com/blaketoliver/
