Food & Beverage
The professionals of EisnerAmper’s Food & Beverage Group have represented companies in the food distribution, manufacturing, and retail industries in both the public and private sectors.
Processors and distributors through to the table, start-ups to stables of franchises: We have clients in all facets of the industry and at all stages of their growth cycle. We are experienced in the various accounting, tax, and operational issues these organizations face; are well-versed in the compliance and reporting requirements specific to the industry; and have the technology expertise to assist clients looking to improve operations.
In addition, we are contributors to and members in important industry groups such as the New Jersey Food Council, the Food Marketing Institute (FTI) and National Society of Accountants for Cooperatives. Our experience and standing in the community have us in contact with logistics brokers and consultants in specific areas, and up-to-date on critical issues.
Food Manufacturing and Processing
We recognize that food manufacturing and processing are integral parts of the supply chain, and that increasing competition has made lean manufacturing more important than ever. Margins are at their tightest -- as such, EisnerAmper professionals can help your company deal with the prevalent issues including product-costing analysis and multi-level costing. We can also help you manage the process of supply chain operational reviews and sourcing, food safety compliance, ISO compliance and certification requirements, and ERP consulting. Using leading-edge technology, we can also assist with automating and updating financial and product tracking systems.
Our years of experience have taught us that some of our clients’ best product innovations stem from workers who put forth creative, real-world, efficiency-improving ideas. These range from a small adjustment to increase efficiency to significantly improving customer services. Our food and beverage services experts help identify these and implement these recommendations and solutions. We also isolate problem areas and assist in developing solutions. Our approach considers the entire organization, not just the financial side, seeking enhancement through a variety of specialized programs. We assist with the planning aspects of distribution center design, material handling logistics, management information systems, costing and other distribution issues.
Food retailers operate in an increasingly competitive environment: consolidation, “super retailers,” co-ops, specialty shops and, more recently, internet-based competition. This makes efficiency critical. The EisnerAmper Food and Beverage Group works in a timely manner with minimal disruption to the company’s operations in an effort to add value. Our professionals have significant experience with internal control issues and in developing policies and procedures. From controlling labor costs to capital improvements, budgets and inventory management, we have the knowledge and resources to help our clients succeed and grow.
Digital transformation can be a driver of operational excellence and regulatory compliance, as well as a competitive advantage. Global challenges increase both risks and consumer demand, underscoring the need to enhance your organization beyond traditional asset/work management. Automation, AI, and machine learning are critical in increasing uptime, reducing labor and supply chain costs, and simply making your organization more efficient and nimble in adapting to what lies ahead.
We can help with:
- Cost control studies
- Inventory management and control reviews
- Calculation of manufacturing and overhead costs
- Activity-based costing
- Digital strategies and operations transformation
- Optimizing financial close and business processes
- Evaluation of financing alternatives
- Due diligence and other M&A services
- Strategic planning for future consolidation or exit strategies
- Sales and use tax issues
- Maximizing depreciation deductions, including cost segregation studies
- Tax advice and compliance, including tax credits
- Valuation services
- ESG consulting
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Richard R. Colloca
Richard Colloca, is an Audit Partner and National Food and Beverage Practice Leader, member of the firm’s Manufacturing and Distribution Group as well as a member of the firm’s Profession Practice Group providing audit, accounting, tax and business consulting services to clients.
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