Platform Accounting Group
Overview
Platform Accounting Group is a national association of professional service firms established to maintain the unique attributes of small-scale accounting firms while embracing modern technology and connectivity. Founded in 2015 by Reyes Florez and other veterans from Goldman Sachs and Credit Suisse, it is headquartered in Salt Lake City, Utah. Under Florez’s leadership, the group has expanded its portfolio, integrating tax compliance, attest services, outsourced accounting, and ERP consulting. Platform Accounting Group raised $85 million in funding in early 2024, spearheaded by the Cynosure Group, to further its expansion plans including wealth management services.
Recent Developments
- October 2024: Platform was ranked No. 19 on the MountainWest Capital Network's 2024 Utah 100 list, spotlighting Utah's fastest-growing companies.
- May 2024: CEO Reyes Florez shared insights into the future landscape of accounting, emphasizing the integration of tech and personalized client services.
- February 2024: Platform Accounting Group secured an $85 million funding round led by the Cynosure Group. This funding is dedicated to expanding service offerings and geographic presence within the United States.
- February 2024: The firm was honored with the Karbon Excellence Award for Practice Excellence, recognizing its leadership and innovative service model.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2015 |
| Headquarters | Salt Lake City, Utah, USA |
| Founders | Reyes Florez |
| Revenue | $31.9 Million |
| Key Investors | The Cynosure Group |
| Industry | Accounting |
| Number of Employees | 501-1000 |
Early History
Platform Accounting Group embarked on its journey in 2015 with the mission to preserve the distinct ethos of small accounting firms while offering comprehensive support through centralized resources. Established by a team of seasoned professionals, the firm's business model was crafted to foster personal, high-touch relationships combined with state-of-the-art enterprise technology. Within a few years, Platform had successfully acquired and integrated several local accounting firms across the United States, creating a network that benefits from shared technological and operational resources while maintaining their unique, localized identity.
Company Profile and Achievements
Platform Accounting Group offers a unique model focused on acquiring smaller accounting firms, providing them with scalable technology and operational resources, and imbibing a shared sense of strategic growth. This model aims to preserve the existing culture of small firms while enabling growth and diversification.
- 2015: Founding of Platform Accounting Group.
- 2023: Platform wins the Karbon Excellence Award for Practice Excellence.
- 2024: Successfully expands to 28 offices across the United States.
- 2024: Secures $85 million funding to enhance service offerings, including wealth management.
Current Operations and Market Position
As of 2024, Platform operates as a robust collective of boutique accounting firms strategically spread across the United States. This structure allows them to offer a comprehensive suite of services including tax compliance, attest services, ERP consulting, and wealth management. With the new influx of funding, Platform plans to expand its framework to include hospitality and restaurant-specific advisory services. The group is also enhancing its footprint in Utah by adding new offices to better serve its growing client base. By leveraging its centralized support and enterprise-grade technology, Platform boosts the technical capabilities and service delivery of its member firms, positioning itself as a market leader in personalized and technologically advanced accounting services.
Platform Accounting Group Careers
Platform Accounting Group offers various career opportunities across multiple locations. Positions range from entry-level to senior leadership roles in various fields like tax advisory, accounting, audit, and compliance. They emphasize growth and learning as core components of their work culture, with a strong focus on employee development and satisfaction.
Conclusion
Platform Accounting Group has swiftly risen as a formidable player in the accounting sector, primarily through its innovative business model that balances local firm culture with the perks of corporate backing. The investment in technology and service expansion ensures that Platform continues to enhance value for its clients while broadening its service offerings. With continued growth and strategic acquisitions, it is well-poised to strengthen its market position while setting new industry benchmarks in offering personalized, technology-driven accounting solutions.