AEM FINANCIAL SOLUTIONS: MEETING THE NEEDS OF CITY GOVERNMENTS
When we listened to our city government clients, we heard that Minnesota cities are increasingly looking for efficient and creative ways to deliver financial and accounting services—and many simply don’t have the budget for a full-time finance director. Without the specialized knowledge and skills the position demands, cities often find themselves looking for a better mousetrap.
AEM Financial Solutions, LLC, was started in 2009 by Abdo, Eick & Meyers as a way to meet the specific, often-changing needs of city governments. “We noticed several of our city government clients were struggling with their finance director position,” recalls Managing Partner Steve McDonald. “They were experiencing a high rate of turnover and unable to a find qualified candidate to fill the role.”
Steve and his team realized that Abdo, Eick & Meyers, with its strong background in city finances, could serve city governments as an outsourced financial director. Their realization took shape in 2008, when Steve met Don Kreye, an experienced school management consultant who had provided a similar service to school districts. In 2009, Don joined the Abdo, Eick & Meyers team and played a key role in getting AEM Financial Solutions off the ground.
Since then, AEM Financial Solutions, which Steve says is best explained as a “service focused on delivering the best outcomes to meet the financial and accounting needs of Minnesota cities,” has continued to grow and attract new clients.
Steve explains that technology and a focus on deliverables is key to the firm’s ability to provide this service. “We’re able to listen, learn what each city’s specific situation entails, and build a solution that meets their needs. We also focus on a scope of work that identifies all key deliverables and utilize technology to maximize efficiency, which provides a superior solution for our clients.”
“Abdo, Eick & Meyers has always had a strong background in government finances,” says Steve. “AEM Financial Solutions is just one more way we can help cities become more efficient—and better serve their communities.”