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Sage Intacct dimensions

Sage Intacct Dimensionality that Goes Beyond the Competition

Sage Intacct dimensionality replaces the old with the new to simplify the way businesses manage their general ledger. The days of having thousands of accounts to track different business segments (department, location, etc.) are over.

 

Sage Intacct has several native dimensions making it easy for you to streamline the general ledger and increase the trust and visibility of your company’s finances. 

 

Simplify Your Accounts: 

The dimensions within Sage Intacct simplify your company’s general ledger and allow you to easily tag transactions recorded within a primary account code.

 

For example, traditional systems would require 30 account code combinations to be able to track consulting fees across 3 locations and 10 departments. Sage Intacct keeps it simple by having a primary account code and transaction tagging with your location and department.

 

As your business changes, you can add on dimensions and tags, there is no need to create hard-coded account combinations to segment your business.

 

Tracking – How it Works: 

Sage Intacct has innovated the way tracking can be done. Once a dimension is created you can use it for any transaction as well as operational data. This allows you to easily organize your data without hard coding the transactions to individual accounts. Filtering through data from an overview of the entire company to a specific segment has never been easier. A great example is a Country Club viewing the organization as a whole and filtering down to see activity by the type of membership (social, golf, etc.) as well as different areas such as the grill room or pool snack shack and bar. This can be done in just a few simple clicks within one system. 

 

Streamlining Your Reports: 

Using dimensions and “tagging” allows you to have a flexible financial foundation to view performance from any angle. With this level of visibility into the financial and operational data, decision makers can quickly access the data needed to make decisions in real-time. Sage Intacct made this easy by integrating dimensions into the user interface of their financial report writer.

 

A Sage Intacct customer was able to go from thousands of separate accounts to few hundred primary codes saving them more than 30 hours of manual work each month. To find out more about this transformation download the case study.  

 

Sage Intacct’s Dimensions are one of their unique features that differentiates their ERP software from the competition. At rinehimerbaker we want to help you see how dimensions can transform your business. Fill out the form below to set up a call with one of our top accountants. 



outgrowing quickbooks

How to Know When It’s Time to Kiss QuickBooks Goodbye

Many small to medium companies start with QuickBooks because of its easy accessibility and low entry point cost. However, as your company continues to grow, you will likely find yourself rapidly outgrowing its capabilities.  Many companies deal with the manual aspects of outgrowing QuickBooks because they don’t realize there is are better cost-effective solutions.  Below we will give you some things to consider when looking to switch and what the ROI will be once the switch is made. 

 

How to know when it is time to consider a change 

 

While QuickBooks is a great starting point there are many points in the journey that are signals that you are out growing this solution. As you are reading through the list, if you relate to one or more of the bullet points it is time to start considering a change in accounting solution.  

  • You or your team are having to create reports manually 
  • You are exporting data into Excel and manipulating the data to get reports instead of being able to run the reports out of your accounting system 
  • You are having trouble coding because of the extensive structure created in QuickBooks to track things separately 
  • You are manually entering or tagging many entries 
  • You are up late at night just trying to get the accounting work done 
  • Auditing is next to impossible because everything is done manually 
  • You cannot rely on some data as you suspect it contains errors  
  • You are tired of signing manual checks and storing paper documents in filing cabinets 

 

What you should consider when changing 

Once you have realized your company is ready for the next step in accounting solutions there are a few different aspects you should be considering. Below is a list of internal company considerations that will affect what you buy, how you buy it, and any additional software that will need to be integrated/purchased. 

  • Do you have an in-house finance team you want to grow or is the owner currently doing the finance work? 
  • What key metrics or indicators do you need to make business decisions and when is the ideal time to receive them?  
  • What reports do you currently produce? How long does it take it to produce them? If you could have more, what other reports would you want to have? 
  • Does your business currently have contracts? 
  • Can you currently see project profitability? If not, is being able to produce those financials important to growing your business? 
  • Can you currently predict resources and staffing levels?  

 

ROI you can expect with a cloud ERP 

Changing to a robust ERP can seem overwhelming from an implementation or upfront cost perspective. However, the return on investment is vast and long term can end up saving you money.  How you ask?  

  • Accurate reporting – eliminates errors from manual processing and reporting 
  • Accelerate financial team productivity – automated processes take away clerical work and let your team focus on analyzing the data and making decisions needed to grow the business 
  • Employee engagement and retention elevates – when your employees are able to do work that matters such as strategy, planning, and analysis, they are happier and will stay longer 
  • Better numbers quicker – with the ability to easily create new reports and run custom or standard reports fast you will have access to your financials in real-time and shorten your month-end close 
  • Reduce total overhead costs – with a cloud ERP system you will eliminate the clerical work that comes with Quickbooks and the workarounds. Therefore, you eliminate the overhead of clerical employees and overtime. You can focus on hiring on key employees that are pushing the company forward 

 

Fill out the form below to contact rinehimerbaker if you would like a free consultation to discuss the possibility of moving off QuickBooks. 



Cloud Solutions

Hospitality Companies Score a Hole-In-One with Cloud Solutions

Hospitality companies can grow quickly with new locations, and new business lines (such as an additional bar, restaurant, golf lessons department, etc). With quick growth companies who aren’t using the best software can feel growing pains and create their own automation gap unknowingly. Below we review what the top pain points are and where the automation gap is created. At the end we discuss what the best steps are to eliminate your growing pains and get rid of the manual work through cloud solutions.  

 

Hospitality Company Growing Pains 

Growing pains can be sometimes be hard to distinguish because you find them becoming an accepted part of your day-to-day operations. Only when you start looking at best practices and how competitors are operating do you realize you are behind the curve in technology that gives time back to your organization. Top growing paints for hospitality companies are: 

  • Less time to focus on financials therefore you are taking shortcuts which is creating errors 
  • Your current team has a lack of finance or accounting knowledge leading to more time trying to figure out how to do basic bookkeeping vs. Leading the company to growth 
  • Multiple locations or lines of business (such as a country club with different entities or a franchise with 3 locations) 
  • Currently you have a lack of visibility and control into the total company 
  • Have a need for consolidated reporting that gives insight into your vendors across all business lines or locations 
  •  

Where the Automation Gap can be Created for Hospitality Companies  

The automation gap is created in hospitality companies when their growth is faster than their current software solutions can scale. This leads to manual processes for your team and creating hours of additional work. While at first this process many seem simple such as signing 5 checks a week, by the time you get to 40 checks a week you are now taking up hours a month on something that could be automated. Another example is timesheets. When you start out with one business area or location you may have four people which is easy to do manually. You oversee this team directly and can validate they worked the hours they have written down. By the time you have 35 employees you are looking at additions to your total business, more on your plate taking you out of the day and day, and managers that are now in charge of payroll. By leaving this process on paper and manual you will be prone to errors as well as inaccuracies because you aren’t there to know exactly what time everyone worked. This is the automation gap.  

 

If you have said yes that is an opportunity in my company, yes I face that same difficulty every week, then we have a few solutions that will work for you. Read through the chart below to identify where your company falls, and then fill out the form below to talk with our team.  

 

Current Accounting Situation 
  • Owner Operated 
  • Currently don’t understand your books 
  • None to limited reporting  
  • Results take 6-8 weeks to get 
  • Budget doesn’t allow to hire a controller 
  • Searching for professional advice 
  • Currently have an accounting staff  
  • Your team isn’t efficient because of manual processes that are time consuming 
  • 1-2 people currently working on your books 
  • Reports are error prone 
  • Your accounting team is new and could use guidance on how to purchase software 
  • Writing checks 
  • Complying special reporting 
  • You can’t access your data anywhere 
Solutions  Find an Accounting Solutions Firm that has an experienced team that can advise on new technologies, implement best practices, and lead your company to growth.  

They will provide: 

  • Real Insight into your operations  
  • Have ME close in 10 or less days a month 
  • Establish and provide a monthly report package 
  • Advice from a team that works with top companies in the hospitality industry 
Find an Accounting Software partner that can implement a cloud-based solution that eliminates manual processes, and provides data faster 

 

They will provide: 

  • A list of cloud-based technologies that all integrate together to create a best-in-class solution specific to your company 
  • Enhanced insights and analytics 
  • Vendor insight for all locations or businesses 
  • Dashboards specific to real time data you need 

 


Open API

The Power of Sage intacct’s Open API and Maketplace

Sage Intacct currently has over 200 software solutions listed on its marketplace with that number growing weekly. Currently, 75% of their users have integrations with 2 or more of their software partners creating seamless solutions within the cloud. The marketplace partners cover a range of categories including payroll, CRM, time & expense, inventory management, finance & admin, e-commerce, and business management. They have been able to create this best-in-class solution for their customers by having a completely open API. 

What is an open API? 

An open API is a publicly available application programming interface that allows developers to create their own unique integration into a certain piece of software. This is the backend system that creates a gateway between two solutions that need to be able to automate sharing information. Sage Intacct has made its API open allowing software companies to easily create their own custom integration. When marketplace partners have the ability to create their own integrations it takes away the coding process for customers.  

 

What makes Sage Intacct’s open API unique? 

When creating their API Sage Intacct created the backend before the user interface which creates a very robust and stable solution for all marketplace partners to build out integrations. The open API is so stable that they guarantee their API won’t change in any of their upgrades throughout the years. They currently have a 15-year proven streak 

The seamless integration allows for all your cloud-based solutions to easily push information back and forth eliminating manual processes that can be time-consuming and create mistakes.  This also means that your IT department won’t have to spend valuable time maintaining and installing new solutions. All of Sage Intacct’s main partners are plug and play. This means your accounting team can easily turn on new software and for those integrations that have a slightly higher amount of customization your VAR partner ( rinehimerbaker) can have you up and running quickly. 

The marketplace offers 3rd party solutions that allow connections between smaller software solutions that haven’t yet built out their own integration into Sage Intacct’s API. These additional connection solutions make the marketplace rare and powerful for its customers.  It also offers huge cost-savings to customers by being able to skip hiring an outsourced service to build out custom integration.  

rinehimerbaker’s Top Choices on the Marketplace: 

While Sage Intacct works with a variety of strong partners, here at rinehimerbaker we have a list we recommend based on our history and clients success.  

Bill.com is a software solution that helps you automated your accounts payable process to save time. We have implemented this integration for multiple partners, and all have had great time savings due to the automation and elimination of manual mistakes.  

Expensify is a mobile expense reporting solution that cuts down the hours of manual data entry and makes it faster to review expenses, reimburse employees and close the month. They allow employees to log expenses on the go through an app, easily reimburse employees the next day, and reconcile corporate cards through a complete integration. 

2CP is a custom payment solution that offers e-commerce, recurring capabilities, merchant services, and email invoicing through an integrated solution. This software solution helps you invoice quicker and get paid faster while eliminating data entry.  

FloQast is a close management software that helps accounting teams close faster and more accurately. It was built to address gaps in your organization, collaboration, automation, and integration for the financial close process.  

Salesforce is the leading CRM that has complete automated integration with Sage Intacct allow a business to see their customer’s journey from beginning to end. This best-in-class software has streamlined the quote to cash process and allows for better communication between departments.  

Workforce Go is a cloud-based human capital management solution. It helps manage payroll, people, and time from pre-hire to retirement. This helps save your company time, reduce manual errors, eliminate reporting delays, and make functionality choices.  

Avalara Avatax is a strategic tax compliance solution that delivers instantaneous sales tax decisions based on more than 12,000 taxing jurisdictions in the United States. This solution assigns hundreds of thousands of taxability rules to get the correct rate for your company. This takes the stress out of tax.  

 

To find your best-in-class solution, fill out the form below to speak with one of our senior accountants and implementation experts.  


Closing the automation gap

Closing the Automation Gap in Finance

Closing the automation gap in finance is key to running an efficient business capable of scaling. Growth in your business, by product diversification or acquisition, creates additional work on your team. If the system is designed around manual tasks and spreadsheets, your company won’t reap the rewards or experience the profit growth you expect. Closing the gap allows finance teams to transform from error-prone clerical workers to strategic advisors capable of providing data and insight in real-time. 

What is the automation gap? 

The automation gap is the space between what can be automated within your current system and the actual processes your staff is executing.  The gap essentially represents the manual processes your team completes in order to run your business effectively.  As companies experience growth, the automation gap generally increases and can overrun a finance department. 

A great example of how the right system can close the automation gap is Sage Intacct’s multi-entity management capabilities. By automatically consolidating multiple companies and automating closing entries, when you grow by acquisition you no longer need to manually track the activity in spreadsheets and manually consolidate the books! With Sage Intacct, finance teams can rapidly close the books and reduce errors along the way allowing them to provide meaningful information to your management team faster. 

 

Growing through product diversification is great but that also means companies need to understand how that impacts their compliance standards such as ASC 606. Once you understand your compliance requirements, you then need systems in place to uphold them. 

When your current software doesn’t automate this for you, companies typically lean toward a spreadsheet as their process. Managing compliance in a spreadsheet is not sustainable over the long term as you experience continued growth and create new products. 

 Watch the Webinar: Closing the Automation Gap Now

Processes built around spreadsheets are extremely manual and the responsibility of managing and maintaining them typically falls on one or two employees who truly understand how the document works. We often find that the documentation and instructions of the process are nonexistent meaning all of that process knowledge leaves the company when the employees leave your organization. 

Managing complex processes using spreadsheets is not without risk. It’s not a question of “if” there is an error, it’s a question of “when” the error is going to occur and how big of an impact is it going to cause. 

Companies are trying to close the automation gap by hiring talent. However, hiring high-level talent that can create and understand complex spreadsheets comes at a premium. Continuing to hire employees at top salaries to perform these tasks is not sustainable over the long term. This also contributes to creating a company culture where the focus is on clerical work rather than strategic work. 

Watch the Webinar: Closing the Automation Gap Now

Why is closing the gap important? 

90% of the decision-makers are under pressure to make decisions faster but only 28% trust the data in their reports. This is largely due to the almost guaranteed mistakes that happen when a company relies on manual processes instead of working with a system that closes its automation gap. 

Current CFO’s have more responsibilities than ever to strategically lead their companies with real-time data. Reacting on three-week-old data that is almost guaranteed to have some error within the report is no longer acceptable or the norm. 

Are you unsure of how to discover your automation gap and implement a solution to close it? The rinehimerbaker team can help you evaluate your current processes, identifies your opportunities, and build a plan on how to close your automation gap. 

If you would like to find out more, click here to watch the full Closing the Automation Gap Webinar. If you are ready to discuss closing your own gap, please fill out the form below to speak with a representative at rinehimerbaker 

 


ERP Upgrade

Controllers: How to Make the Case for an ERP Upgrade

Making the case for an ERP upgrade can be a daunting task.  Below is our cheat sheet on how to know when you are ready, tips for making your case, and what to expect once you have the approval to move forward. 

 

How to Know When it is Time for an Upgrade 

There are different types of “key experiences” you can have that would signal it is time to upgrade your software solution. Being able to recognize these signals early on will save your company money, time, and keep you ahead of your competition. Read below about the different signals that show it’s time to make the case and present it to your executive team.  

 

  • When your close is taking too long– When your end of month close is taking 6-15 days causing your executive team to work off “old data”. Real-time data is key to growth for a company. Decision-makers within a company need data almost instantly in this technology-driven time.  
  • When the manual processes become too much– It is time to upgrade when manual data entry is taking up too much time, leaving your finance team constantly behind. Also, manual entry becomes a problem due to data entry errors. 
  • When it takes too long to understand your data- Your data should work for you. Reports should be easy to create based off dimensions you set. In a cloud-based ERP solution, you can slice and dice your data any way you need quickly to make decisions and create dashboards to quickly find key indicators that drive critical business decisions. 
  • You are adding new entities (additional locations or brands/product lines)– Being able to have granular insight into all locations as well as consolidated reporting is key to being able to grow. 
  • When you are adding new staff and want to limit their access to certain sensitive data- a cloud-based ERP will allow you to restrict user access to specific entities and allow you to control their permissions to perform certain tasks or view types of sensitive data such as payroll.    
  • You are expanding to multicurrency– When you are adding an additional currency you will need to evaluate if your system allows more than one currency and if so, does it have the capabilities to produce the consolidated reporting you need? When evaluating the capabilities of your current system, look for the ability to automate conversions for transactions or reporting. Also, having the choice on which currency reports will be produced in is important 

Join us for our Coffee Demo Today!

 

How to Make Your Case 

The best way to make your case for an upgrade is to show your executive team the time you can save, the money they can save, peace of mind they will have by having a more secure system, and the impact of adding capabilities that will help them make decisions that can grow their business 

For time savings, show how you can cut your closing time in half by having data available almost immediately. You can also demonstrate how you and the finance team will be able to cut down on manual processes through automation, freeing up time for new, value-add projects all while limiting the need to hire more finance employees in the future.  

Money savings are key when asking your executive team for an upgrade. The right cloud-based ERP solution can save money by cutting down on manual processes, improving employee engagement and growth, the ability to do more with a smaller team, and cutting closing time in half. 

Security for your data is extremely important as your company is growing. With Sage Intacct, the days of worrying about loss of data are over.  You also have the flexibility to restrict user access from viewing sensitive data.  User permissions can be set for only what a team member needs to access User permissions are granular with options down to letting a team member view but not edit or edit but not delete. This allows for peace of mind, and complete data security. 

Upgrading to a cloud-based ERP solution means that it is cloud supported with automatic upgrades multiple times a year. You will be able to operate with a lean team and your IT staff won’t have to complete or test system upgrades/changes for you. This helps cut down on time spent in-house trying to solve problems and empowers your finance team.  

Lastly, and an important part of getting approval is showing how the system will give your executive team better insight, better data, and flexibility. With a cloud-based solution, the executive team would have access to their own log-in that show cases Dashboards built specifically to their needs with real-time data that can be accessed from anywhere. With Sage Intacct, you have the ability to see your full customer experience from end to end. You can connect your CRM such as SalesForce, into Sage Intacct. This gives complete visibility for your sales team and improves your customers’ experience with your company.  

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After Approval to Move Forward 

Once you have received approval to move forward, the next critical step is finding a consulting firm that will meet your needs. At rinehimerbaker, we strive to identify your pain points during our discovery session and find solutions to make your life easier. Listening to your needs, helping identify areas or processes that are holding you back and finding solutions is what we are all about! 

Following the discovery session, we typically schedule a time for a live demonstration so you can see first-hand the functionality and just how easy it is to use Sage Intacct.  As your trusted partner, ensuring we meet all the requirements outlined during discovery is critical. After discovery and demo, we will document an implementation plan that works for you including what you can expect before and after go-live.    

At rinehimerbaker, we are dedicated to understanding your business so we can help you move faster with greater clarity.  


Sage Intacct user Permissions

Sage Intacct User Permissions Give Companies’ the Ability to Scale 

Sage Intacct’s User Permissions is one of the key benefits of the software that gives companies the flexibility and security they need as their business grows.  Permissions allow a business to maintain the integrity of the financials by giving their team access to only the functions of the system that are necessary to do their job. An example is an accounts payable (AP) team member who could have access to create and pay bills but not have access to create vendors. Or perhaps you have a team member that needs to view bills within AP but not have the ability to edit or delete.

Sage Intacct’s permissions allow companies to easily build out their system and their users’ accessibility to their exact needs and use. 

Why Would You Want Permissions? 

There are many reasons why but a primary reason is to segregate duties and define a user’s role. While many companies start with one employee that fills many roles, as you grow and add staff you can deploy user permissions to define access rights and limit the functionality available to them within the system. This keeps the employee focused on their job and gives peace of mind that you have the system security in place to protect your financial data.

Permissions can also be used to set thresholds for approvals. For example, a user may have the ability to approve a transaction up to $5,000 but would need their manager’s approval for all transactions greater than $5,000. Approval permissions are customizable and can have multiple levels.
Companies that have more than one entity can give users access to one location, all locations, or a combination of locations. This can be very useful when you need to allow users to work across multiple companies, but don’t want them to access unnecessary or sensitive information.

The benefits of permissions aren’t limited to carrying out tasks. They can also help streamline the reporting process. An example would be giving your leadership team access to the departments they need on their dashboards. This limits their view to the specific information they need without filtering through unnecessary data. Easy access to granular insights will allow your team to make quick decisions with real-time data without an intense, manual process.

Sage Intacct’s permissions provide you with the flexibility and security you need to control access to your system financials. Permissions are managed through an easy to use user interface and provide a complete activity log of all changes.

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What are the Different Types of Permissions? 

Sage Intacct allows for complete customization with user permissions. You can allow team members the ability to create lists, view, add, edit, delete, reverse, and reclassify as well as giving them access to different entities and modules. The capabilities within Sage Intacct’s user permissions are far superior to their competitors which generally only gives you the option to grant total access to different modules instead of the options for customization based on position. The user permissions are vast and allow for extremely customized user portals even with multiple entities set up.

One unique type of permission is reclassify which allows a user to reclassify a transaction while maintaining an audit log. An example is if you have cleaning service bills that have been coded as outside services, however, there is a separate account for cleaning services you can easily change the coding without having to re-enter the whole bill or enter a reclassifying journal entry. Each reclassification is tracked by Intacct and easily auditable via a pre-built reclassification report allowing you to keep up with changes that have been made in real-time.

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How Do User Permissions allow You to Scale? 

With Intacct permissions, your company can scale with one ERP platform. Imagine the below situation and think about how permissions quickly go from an afterthought in a startup environment to a critical need in a growing, mid-market business.

As with most startups, you begin with one user that has complete access to the accounting system. As the company grows so does the accounting team, often from one person doing everything to three or four people touching different areas of the company’s finances. Now the company is likely going to have a controller or CFO with complete access, but will also likely have an AP and/or AR clerk(s). Now the company starts worrying about permissions on a high level, like restricting their AP clerk to only AP functions in their accounting software (I.e., not able to access financial reports, book journal entries, etc.) After another few years of growth, the companies finance team is now 6 or 8 people, with three team members dedicated to just AP. All three need access to the AP module, but team member one (AP clerk) needs to only enter bills (not delete or reclassify), team member two (senior AP staff) needs to add/delete/reclassify bills and approve payments up to $500, and team member three (AP manager) needs full access (approve all payments, access all reports). This is a very common example of a high growth company that went from no immediate need for user permissions to user permissions being mission-critical functionality. Sadly, many companies wait until user permissions are already mission-critical to address the need. With Intacct, user permissions are ready when you need them and can be quickly deployed within a matter of minutes.

Take A Tour Of Sage Intacct Now

Overall, user permissions allow your company to scale while giving your team access to everything they need to be successful in their roles. It provides robust security for your company’s data that is in such high demand in today’s digital world. Lastly, it mitigates disgruntled or bumbling employees from being able to damage a business’s financial information.  

Download “3 New Approaches for the Data Driven Finance Leader” by filling out the form below, and find out more about how Sage Intacct can help you scale.


 

Managing a Cultural Shift in the Cloud

Company Culture’s Role in Successful Cloud-Based Software Adoption Part 2: Leading the Charge

“Company culture is either the number one catalyst or inhibitor to progress.” This according to Brian Solis, who has been a leader in the digital transformation movement, is one of the biggest reasons that you need to change the way your people think if you hope to have a successful cloud journey.

In the first part of this blog, we explored the connection between culture and cloud readiness. Today, we would like to look at some of the steps you need to take to lead your change initiative as you work to transform your business.

Managing a Commitment to Change

Influencing—and inspiring—culture change across your organization requires a concerted effort amongst company leaders to adapt their communications to align with the transparency, flexibility, and agility afforded by your new technology. Before managers can help employees/users learn their new responsibilities, processes and procedures, they have to participate in a “global” initiative to set a positive tone and trajectory for the technology project—and keep the momentum going.

Here are best practices to consider as you take your journey of digital (and cultural) transformation:

Set and share a clear vision. What values do you want your employees to embrace—and personify—as they adopt new technology tools and resources? Formalizing your intentions to serve as a guide will prepare your leadership team, and eventually employees, to embody an innovative, tech-driven culture.

Start from the top. Support from the C-suite is critical—and not only because you need their sign-off to purchase your new technology. Their ongoing partnership is essential to creating a culture that values technology, is willing to evolve with changes, and looks forward to learning new ways of working.

Establish a multi-departmental team. While selecting technology solutions and preparing for the change—not to mention rolling out the changes—it’s helpful to depend on the talents and influence of leaders and power users across the company. These “champions” can help you anticipate areas of potential resistance, collect feedback, and communicate changes and project updates with their respective teams, making for a smoother transition for everyone.

Select the right solution(s). If you implement a solution that doesn’t match your requirements, any enthusiasm you’ve built up around the change will fall flat. It’s so important to get the technology “right” from the very beginning—and working with a trusted technology consultancy is often your best route to success.

Send frequent communications. Keep employees informed on organizational goals and technology project timelines and milestones. Depending on the communications preferences of your workforce, share information with them over different channels and formats so you’re sure to effectively connect with everyone. Your messaging should lead with benefits (e.g. increased productivity, 24/7 system access and mobility, enhanced collaboration) and always provide next steps for learning more or providing feedback.

Depend on your implementation partners. When it comes to securing training materials, user support, and all of the other resources you’ll need to drive ongoing change, your third-party partners will have you covered. Experts in the technology you’re implementing and experienced with deployments, they can help you and your entire workforce stay the course—and always moving forward.

At rinehimerbaker, we know what it takes to successfully introduce game-changing technology and bring your company culture along for the exciting ride. Contact us to learn more.

Don’t miss:

3 Things Keeping Your Finance Team From Unlocking Their Potential

Meet the Expectations of Top Financial Talent with Cloud-Based Software

Building a Cloud Focused Culture

Company Culture’s Role in Successful Cloud-Based Software Adoption Part 1: Understanding the Cloud Culture Connection

If your organization’s digital transformation includes introducing your employees to a cloud-based business software solution, you can’t afford to underestimate the role company culture plays in the process. Take it from Brian Solis, who claims “company culture is either the number one catalyst or inhibitor to progress.” By now, the cloud-culture connection is practically conventional wisdom, as digital innovation and success go hand-in hand.

Business leaders are eager to practice culture-change management alongside technology implementation—but no one says it’s easy. In fact, Gartner’s recent Chief Data Officer Survey reveals that “cultural challenges to accept change” is the top internal roadblock to the success of chief data officers today. It’s a roadblock that can most certainly be overcome.

While you can implement a cloud-based business system without addressing company culture, why not take the opportunity to do so? Read on for insights and best practices for achieving employee buy-in, successful uptake of new technology, and other indicators of a successful technology-inspired culture change, whatever these might be for your organization. In part two, we will explore the process for managing change as you head to the cloud.

Understanding the Cloud-Culture Connection

On the surface, introducing new technologies to your workforce might look like a simple shift toward automation, cost-savings, and increased productivity—and it is! Consider the far-reaching impacts of adopting a cloud-based financial management and accounting solution. But it also represents a new approach to data management, a new approach to decision-making, a new approach to achieving a competitive position in the marketplace, a new approach to customer service, and a new approach to managing employees and their responsibilities—and this is just for starters.

Introducing new technologies sends a clear message to employees—it tells them you’re committed to business growth through digital innovation—and your new approach requires new thinking: a new mindset for everyone from the C-Suite and beyond. If “innovation” my means of technology isn’t already one of your company’s core values, it’s time to undertake a culture change.

Consider how the Institute for Digital Transformation describes the result of a culture change:

  • A culture of an empowered team passionately engaged and invested in the long-term success of the business.
  • Everyone is focused on pro-actively eliminating non-value-added activities and their costs on an ongoing basis.
  • The vision and direction of the organization are clear to all, and every individual understands how to best contribute to the achievement of the goals of the organization and is empowered to act.
  • Every employee is engaged in watching the startup community, other industries, your customers, and your competition for new developments or uses of technology that might be adapted by or against your business.

Indeed, your new cloud-based business software (and other technology) is going to contribute to the long-term success of your business—but there’s a learning curve that needs to be addressed first. Your employees need to become “one” in a mindset that drives the progress-yielding behavior change. Everyone needs to understand why change is necessary, how it will be introduced, and what the new approach asks of them. In other words, simply having the technology and processes in place isn’t necessarily going to lead to the results you’re hoping for.

When It Comes to the Cloud, Culture Eats Strategy for Breakfast

Bringing your business into the cloud is a challenging process, no matter how many benefits exist. As you make the move to the cloud, it’s important to lead the charge at your organization with an effective plan. In part two, we will discuss the process of managing change, offering advice on how to lead a cultural shift.

Lure the right talent with cloud ERP

Meet the Expectations of Top Financial Talent with Cloud-Based Software

The benefits of cloud-based software are usually cited as lower costs, process and workflow optimization, and scalability. But the attraction and retention of key finance and accounting department personnel is another benefit of implementing the best-in-class technology—one that’s not included in the “top 5 benefits” lists, but should be. The reality is that today’s top financial talent—and tomorrow’s leaders—operate in a digital world, where 24/7 access, insight, and productivity reign. Read more