If you’re considering outsourcing any of your company’s financial management or accounting functions, you’re likely bursting at the seams with “so much to do in so little time.” But there are other reasons growing companies might need to hire outside, professional help. Let’s take a look at some common signs that it’s time to call […]
There are over 10 million trade service contractors, and while some operate as single independent contractors, many others operate in a larger business unit, with large-scale time management, purchasing, and accounting needs, run either by a business manager or staff who needs to manage purchasing, labor, billing and more. Whether you’re in the business of […]
With just over a year to go for private companies to have their ASC 606 plans in place, many organizations are yet to have done much to get the ball rolling. This is why we began this series, to introduce you to the various steps involved in recognizing revenue under the new standard. Background As […]
If you haven’t heard the news, international leader in software for accounting and finance Sage recently announced that it was acquiring leader and innovator in the cloud accounting space Intacct for nearly $1B. The acquisition was announced in a press release on 25 July 2017, and has had profound impacts on the accounting space. Now […]
When you consider the many pain points of using yesterday’s financial management processes—non-integrated systems, cumbersome data entry and re-entry, error-prone spreadsheets, unsecured and vulnerable data, etc.—it’s easy to see why “enhanced control” is one of the key reasons for system upgrades. Your business data, which is getting ever-more voluminous and complex as you grow, requires […]
QuickBooks, along with other entry-level accounting software, is amazing for businesses who are just starting out, but there comes a time for all organizations in which its manual processes, lack of visibility, and reliance on spreadsheets to get basic tasks done makes the software less and less affordable. While the actual costs haven’t increased, the […]
In yesterday’s post, we discussed how you can get up and running in the cloud with minimal downtime or interference. Today, however, we would like to discuss the importance of best-of-breed applications in amplifying the benefits of the cloud—ramping up the speed of implementation, offering you even lower total cost of ownership and faster ROI, […]
At growing businesses, momentum is the name of the game. New customers, new revenue streams, new funding sources—no matter the industry, it’s a great feeling to watch your organization start making a larger impact. For some organizations, however, there comes a point where growth becomes painful. Normally, this painful growth occurs when you start pushing […]
For some, making the move away from traditional financial and accounting management systems toward an automated, digital solution can feel like a leap of faith. There’s a level of perceived security in something you can hold in your hands—the paper spreadsheets, for instance—and imagining your data floating out there in the cloud is might make […]
A lot to cover, and not a lot of time to make it happen. ASC 606 is bearing down, and public organizations are in the final countdown. For private organizations, 17 months is not that long of a time, because you will need to get your accounting, legal, sales, and others on board, decide how […]
