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Finance at a Crossroads: The Risks of Standing Still

A Research Report from Saugatuck Technology

A quote from the report:

“Historically, our most frequent response to the threat of business or IT change is ‘Don’t just do something, stand there.’ We’d rather wait to make a late investment than rush and make a worse investment. That will not work in today’s business.” – CFO, $20M US-based printing concern

Business IT consulting and advisory firm Saugatuck Technology reports that nearly 90% of businesses, regardless of size or industry, are moving to cloud-based technologies in order to improve, innovate, and accelerate their businesses. The majority of those moves, according to the report, are by Sales, Marketing and Customer Support functions. Finance and accounting departments, on the other hand, still tend to be hampered by legacy systems that are only half as effective as they need to be.

Topics: legacy systems IT

The Price of Business - Marcus Wagner on the Importance of Real-Time Analytics

Marcus Wagner Interviewed by Syndicated Columnist, Kevin Price

Marcus has become a regular contributor to Kevin's show and was recently asked to discuss the benefits of today's cloud-based Business Intelligence, reporting, and analytics solutions. Some topics Marcus covers:

  • The benefits of best-in-class cloud business applications
  • The necessity for real-time analytics and deeper dimensional financial and operational data
  • How analytics helps extract value from data and help predict the future
Topics: management reporting Financial Reporting analytics Price of Business Videos Podcast

The Price of Business - Marcus Wagner on Why the Cloud is So Important

Marcus Wagner Interviewed by Syndicated Columnist, Kevin Price

Marcus has become a regular contributor to Kevin's show and was recently asked to discuss the trend of businesses migrating their systems to the cloud, and why the cloud or Software-as-a-Service is so powerful. Some topics Marcus covers:

  • The pace of migration to the cloud
  • The benefits of cloud business software
    • Economies of scale
    • Accessibility
    • Agility
  • The risks of standing still
Topics: Cloud computing Price of Business Videos Podcast cloud adoption

Owler's "Hot in Austin" Celebrates the Success of AcctTwo's Customers

RetailMeNot, SailPoint, and Spiceworks receive Owler's "Hot in Austin" Award

At AcctTwo, we're always proud to hear about the successes of our customers. Knowing that our products and services help run the engines of these growing businesses is what gets us up in the morning. We recently learned that Owler's Hot In awards have been extended to Austin-based businesses, and that three of our customers made the list. Owler's Hot in Austin awards recognize companies who "reflect the beat of the city—they exemplify the bustling entrepreneurial spirit that Austinites have instilled in their town."

Topics: Customer Success Customer News Austin, TX

How Can Finance and Accounting Be an Enabler of Growth?

AcctTwo CEO Interviewed on Texas Business Radio

AcctTwo's Founder and CEO, Marcus Wagner, was recently interviewed by Matt Register and Jay Curry on Texas Business Radio. Marcus describes the new powerful Software-as-a-Service technologies available for small to midsize businesses. ERP, Accounting, and Financial Planning and Analysis (FP&A) tools are now affordable and accessible, allowing companies and nonprofits to make their finance and accounting departments an enabler of growth rather than an obstacle to growth.

Topics: Intacct Business Intelligence / Analytics Videos BPaaS Podcast

The Price of Business - Marcus Wagner on Core vs. Context

Marcus Wagner Interviewed by Syndicated Columnist, Kevin Price

Marcus has become a regular contributor to Kevin's show and was recently asked to discuss "Core vs. Context," a concept put forth by celebrated management consultant and author, Geoffrey Moore. Some topics Marcus covers:

  • Focusing on what it is that you're in business for (or your nonprofit's mission); what is your "Core"?
  • "Context," as everything else that has to be done for your business or nonprofit to be successful
  • Where does Finance and Accounting fit into this concept? What about the CFO's role?
  • How does technology play a role?
  • What examples are are there in specific industries?
Topics: Price of Business Videos Podcast

AcctTwo Customer, Sailpoint, Announces Cloud Adoption Survey Results

As a provider of cloud-based SaaS ERP solutions as well as Business-Process-as-a-Service solutions on the Intacct cloud platform, it always interests us to learn more about trends in cloud adoption among companies and nonprofits of all sizes. So it was especially interesting when one of our customers, Sailpoint, published some results of a survey of 100 of their customers at the Gartner IAM Summit about their plans for cloud adoption.

Topics: Software Industry Software and Technology Industry cloud adoption

The Subscription Economy, The Way of Doing Business Today

I used to buy movies and music. I still have my media shelves. I’m not prepared to completely let go of my CDs and DVDs yet, but now I subscribe to Hulu and have unlimited access to my favorite TV shows and movies. And for my music, I stream it on Spotify.

A young lady that I know is working on her MBA at the University of Texas at Austin. Soon after moving into her new apartment she sold her car to lower expenses.

Topics: Informational Revenue Recognition Subscription-Based Revenue Subscription Billing

The Changing role of the CFO

I’ve noticed a spring in the step and a smile on the face of many CFOs I’ve met recently. This is a trend that began as businesses recovered from the crash of 2008, and it appears to be directly connected to CFOs gaining influence in their companies. The best CFOs are loving it and are using this new found power to help their companies grow and look to the future.

Topics: KPI CFO tech-savvy cfo GAAP

The Present and Future of Cloud Computing in the Oil and Gas Industry

Ever since we debunked the myth that energy companies are not in the cloud, I’ve been thinking and doing more research. The question that kept coming to mind was: how strong is the presence of cloud computing in the energy sector today, and what about the future? Here is what I found...

Topics: Oil and Gas Industry Cloud computing Energy and Industrial cloud adoption