New RoseRyan company provides finance and accounting consulting to
NEWARK, Calif.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/CFO?src=hash” target=”_blank”gt;#CFOlt;/agt;–Building off its wave of success in the cannabis industry, RoseRyan
has launched a new company, Kukuza
Associates LLC, that concentrates solely on the cannabis market.
The new company is a finance and accounting consulting firm that closely
mirrors its parent, RoseRyan, and packs the full strength, depth and
capabilities of it. Founded in 1993, RoseRyan—a highly reputable,
Silicon Valley-based consultancy with more than 100 professionals—takes
companies further, faster, by delivering finance and accounting
solutions across the business lifecycle.
Explains RoseRyan CEO Kathy Ryan, “It’s exciting to launch Kukuza
Associates, a finance and accounting consulting firm powered and backed
by RoseRyan. It deepens our investment in the cannabis market and is
geared specifically to this dynamic, rapidly evolving marketplace.”
Kukuza Associates Brings Focused Finance Solutions to Cannabis
Kukuza Associates works with startups and established companies in every
segment of the cannabis market at every stage of the lifecycle. Its
clients benefit from RoseRyan’s large dream
team of finance experts as well as the firm’s best practices, wide
array of finance solutions, and friendly, warm culture.
Says Dave Roberson, CEO of Kukuza, “Designed for this unique
marketplace, Kukuza’s finance and cannabis accounting solutions are
vital for businesses that are growing, vertically integrating and eyeing
deals. Our experienced team steps in, brings order to the chaos and
navigates cannabis companies ahead by putting a solid finance foundation
He notes that Kukuza’s cannabis solutions address strategic finance as
well as day-to-day accounting, emphasizing that both are prerequisites
for sustainable success. The company’s name is drawn from the Swahili
word meaning potential and growth.
Leading the Way in Cannabis Accounting and Finance
According to a recent Accounting
Today article, not many professional services firms in the
accounting/finance space have stepped up to assist cannabis companies.
Kukuza’s parent company, RoseRyan, which entered the cannabis market in
2014, was one of a few firms highlighted by the trade publication’s
January 2019 cover story as leading the way.
Kukuza’s Cannabis Solutions
Based off of RoseRyan’s original offering for the cannabis industry,
Kukuza sports a newly refined and expanded set of cannabis solutions.
Kukuza flexibly delivers these six solutions at just the right time and
Assessment – Quickly diagnoses gaps in a company’s finance and
accounting and uncovers underlying issues in other key operational
Strategic Finance – Provides CFO and controller expertise to
ready the company for investors, fundraise, plan and budget for
intelligent growth. Forms the basis of the company’s strategic and
operational plans and helps propel its value creation.
Outsourced Cannabis Accounting – Creates the overall framework
for systems and processes for all of the company’s accounting and
provides outsourced accounting professionals on an ongoing basis. Can
also provide cost accounting, audit prep, and other resources and
interim experts on a “plug and play” basis, to help the company manage
Financial Reporting and Analysis – Digs into the numbers to
truly understand the business. Focuses on trends and insights within
the business for informed decision-making and scenario planning based
on various assumptions.
Internal Controls – Helps protect assets, mitigate fraud and
other business risks by designing internal controls that matter and
are based on the company’s size and situation. Can be leveraged to
scale as the company ramps up with growth or strategic plans.
Transaction Support – Prepares the company and guides it
through transformational moves like M&As, RTOs, IPOs, vertical
integration, and expansion into new products and geographical
Roberson warns that companies entertaining bold ideas without the basics
in place and without meaningful financial information about their
businesses are jeopardizing their futures and reputations. To avoid
these problems, companies can benefit from an initial assessment and
then progress ahead with confidence, under Kukuza’s guidance, when
determining fundraising levels, capital uses, expansion plans and
Joining Roberson on the Kukuza’s leadership team are two executives who
spearheaded RoseRyan’s initial entry into the cannabis market. For
Kukuza Associates, as well as RoseRyan, Maureen Ryan serves as VP of
business development while Chris Vane directs sales. Roberson also
remains a vice president at RoseRyan.
Ryan was recently the feature of a National Cannabis Industry
Association member Q&A
and got the last word in the January Accounting Today article.
Both Vane and Ryan have blogged about finance
and accounting fundamentals for the cannabis industry and have
appeared in a variety of trade media outlets.
About Kukuza Associates
Kukuza Associates LLC is a Silicon Valley-based consulting firm
dedicated to helping cannabis businesses go further, faster with great
finance that’s steeped in sound operations. As a RoseRyan company, we
deliver strategic finance, outsourced accounting, financial reporting
and analysis, internal controls and business transaction support. Grow
like a weed with the right financial foundations in place with Kukuza.
Learn more about our robust, flexible solutions at www.kukuzaassociates.com.
Follow us on Twitter @Kukuza_Assoc and on LinkedIn at www.linkedin.com/company/kukuza-associates-llc.
RoseRyan takes dynamic companies further, faster, by delivering
specialized finance and accounting solutions at every stage of your
company’s growth. Versed in Silicon Valley’s rapid pace and unique
business environment, our consulting firm has helped more than 850
companies since 1993. Our focus is on tech, life sciences and private
equity yet our experience and expertise allow us to consult in other
industries; ecommerce, mobile, internet and social media among them. No
matter what stage of the business lifecycle you’re at, the size of your
business or the scale of your next endeavor, RoseRyan has the tailored
finance solutions just when you need them to accelerate growth. Learn
more at www.roseryan.com.