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The 2017 Buyer’s Guide to Accounting and Financial Software

In today’s complicated business climate, is your accounting software helping you grow and compete—or holding you back? 

Financial leaders today balance the need to manage an increasing level of business complexity with the need for speed. You’re expected to keep your eye on multiple entities with multiple regulatory frameworks and multiple currencies. Think that’s complicated? Now add frequent change to the equation. A monthly financial check-in isn’t good enough for today’s CFO. You need the agility to make decisions at a moment’s notice—and those decisions must be based on the real-time financial truth.

Here’s the question. In today’s complicated business climate, is your accounting software helping you grow and compete—or holding you back?

Topics: accounting software ERP 2017 Buyer's Guide

What is the Future of Analytics? And What is Analytics-as-a-Service?

The proliferation of automation and digitization technologies over recent years has been a boon for all. By replacing manual, paper-based processes with machine intelligence and robotic capabilities, enterprises of all sizes and across all industries have achieved an even more impressive ROI than many expected.

Topics: Business Intelligence / Analytics Analytics-as-a-Service

Essential Features of a Modern Accounting System for Nonprofit Organizations

What features should nonprofits and faith-based organizations look for in a modern accounting system?

Accounting systems are not something you change or replace often. However, as your nonprofit organization grows in size or complexity, you reach a point where manual processes drain your productivity, and you struggle to analyze your growing range of financial and operating data. At this point, you need a system that leverages the latest technology advancements.

Topics: Not-for-profit Industry ERP non-profit Accounting Checklist

Taking the Guesswork Out of Decision Making for your Non-Profit

As a mission-based organization, your agenda is clear – doing good work around the world. Unfortunately, accomplishing that is more complex than ever, requiring leaders to rely on a lot more than just good intentions in order to achieve the positive outcomes they desire.

As the scope of mission-based organizations has grown, decision-making has become a high-stakes process. At the same time, donors demand a level of transparency and accountability that raises the stakes of decision-making even further.

Topics: Not-for-profit Industry non-profit budgeting Planning, Budgeting and Forecasting Mission Organization Spend Management

Business Intelligence - An Integral Part of your ERP

It’s the first day of the month, the finance and accounting teams are reconciling balance sheet accounts, recognizing revenue, accruing expenses, and recording financial transactions. Everybody is busy working against the clock to have the financial statements ready on time. Then a request from the senior management team arrives. They want a series of sales reports so they can decide when to launch the new product line.

This is a situation where a Business Intelligence solution would’ve been very handy. But let’s start with the basics.

Topics: Business Intelligence / Analytics BI business intelligence

United Way of Central Indiana Makes a Difference in the Community

Ok, I am not going to deny it. I am a fortunate fellow. I come to work every day knowing we are helping our clients improve their processes and reach their goals. And the best part is they make us proud. So, I’d like to recognize them.

Today I want to talk about United Way of Central Indiana, the Indianapolis local chapter of United Way Worldwide.

In case you are not familiar with them, United Way Worldwide is the leadership and support organization for a network of local United Ways in about 1,800 communities in more than 40 countries. These local United Ways are independent entities—separately incorporated non-profits with their own structure.

Topics: Not-for-profit Industry non-profit United Way

3 New Approaches for the Data Driven CFO

Driving Performance in Financial Services

Most executives would agree that the decision-making window has been getting smaller with each passing year. Information has become more readily available in real-time, but not all executives and finance leaders are able to take advantage of the data available to them.

Topics: CFO eBook White Paper analytics business intelligence

Should The Subscription Model Be The Future for CPA Firms?

Does your CPA firm charge clients under a time-and-materials type of contract? If the answer is yes, then the following scenarios will probably sound familiar to you.

Topics: Subscription-Based Revenue Subscription Billing CPA

What to Do If You Missed the 1099 Deadline

If you missed my post a couple of weeks ago about the 1099 deadline, or if you simply fell behind and didn't get all your 1099-MISCs out the door to your vendors by the February 1st deadline, don't despair. The world is still turning and life is going to go on. It's not the end of the world, and you can still get yourself in compliance relatively easily. Doing nothing because you think it's too late is not a good option, though. That can get you into trouble with the IRS.

Topics: Blog 1099s shared services back office FAO Taxes F&A outsourcing Outsourcing Income Taxes outsourced finance and accounting outsourced back office Accounts Payable compliance bookkeeping Awareness

Next Generation Financial Consolidations

Consolidations have been a routine part of many corporate accounting departments for as long as most can remember.
 
What has changed over time is the complexity and compressed timelines of consolidations

Corporate accounting has long been viewed as the custodian and curator of financial data. However, whether it’s bringing the data together or distributing the financial results broadly, the financial consolidation process has long been an onerous drudgery of information assembly, validation, and reporting. The consolidation process for many corporate accounting groups is sometimes measured in months, often measured in weeks, and rarely measured in days.

Topics: eBook White Paper Multi-Entity and Consolidations