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AcctTwo Blog

Bolster Business Resilience with a Proactive Plan Post-COVID-19

Last week Marcus Wagner, AcctTwo's Founder & CEO, presented a webinar with Bill.com on how to bolster business resilience with a proactive plan. COVID-19 has brought upon unprecedented challenges and changes for businesses of all sizes. It’s critical to begin the shift into the learning and adaptation phases as quickly as possible to be able to emerge stronger from the pandemic.

Topics: cloud adoption risk mitigation Digital Transformation The Future of Finance and Accounting

Plan for Success: If You Fail to Plan, You Plan to Fail

A few months ago we started researching nonprofit succession planning and how that impacts the faith-based back-office. Being in the finance and accounting world, we've seen some great examples and some not so great examples of succession planning for finance and accounting professionals. This led to months of research that turned into many conversations with succession planning experts and members of our own team who have lived it. It became a passion project for many of us. We even published an eBook about it! What became clear was, in order to be successful, you need to plan for success.

Topics: back office Faith-Based succession Planning

How to Convince Your Exec Team It’s Time to Switch Accounting Software

It’s likely that when your company was started or founded that your executive team went with the easiest, quickest, and most cost-friendly accounting software to handle its accounting needs just to get things started. But the truth is that start-ups outgrow the tools that launched the company. Not only can your old system be outdated, but ability to handle higher volumes of work might even be inhibiting your ability to grow.

Topics: accounting software ERP cloud accounting Accounting Finance Automation Sage Intacct ERP Cloud

Why Everyone is Updating Their ERP Software Right Now

New research shows the accounting software market will grow to $11.8 billion by 2026, up from just $5.7 billion in 2017. The expansion is impressive but not really surprising considering that most companies are going through a digital transformation right now. But what gets lost in that explanation is that new ERP software is about more than just a tech upgrade.

Topics: accounting software ERP Accounting Digital Transformation

Why Automating Your SaaS KPIs is Critical to CMRR Growth

If you are like most SaaS and subscription business leaders, you’re ready to ditch those Excel-based models for tracking growth metrics, unit economics, and other key performance indicators (KPIs). Those models can lag weeks behind, are manual, error-prone, and lack the detail for a deep analysis of your growth levers.

While Excel is no doubt a great tool – and admittedly an accountant’s best friend – it’s just not up to task to handle the complexity of tracking and analyzing the activity of a scaling company’s subscription base. That's why we developed AcctTwo SaaS Intelligence.

Topics: sage KPI Cloud Computing / SaaS Accounting SaaS saas intelligence saas intelligence product

What’s New in the Sage Intacct Release 3

Sage Intacct Release 3 for 2020 is live and we are here to give you an overview of the new features you rely on to make your job easier. In Release 3, Sage Intacct is delivering automation and streamlining processes around credit card transactions and reconciliations, cross-entity allocations, and budgeting and planning. These are just a handful of what's new in the 2020 Sage Intacct Release 3.

Topics: Intacct Releases cloud accounting Accounting Release

AcctTwo’s Church Finances Leader Allison Webb Guests on Christian Nonprofit CFO’s Podcast

AcctTwo’s Head of Nonprofit, Allison Webb, is the latest guest on the Christian Nonprofit CFO’s podcast, hosted by David Beroth.

David’s podcast focuses on enhancing the stewardship of church finances with increased CFO insight and expanding ministry impact. Financial leaders in ministry are often ill-equipped to address, let alone overcome, the many challenges they face. Too often they pivot from crisis to crisis. In this mode they run on the tactical treadmill instead of proactively contributing strategic value to their nonprofits. Unfortunately, the full impact of their ministry suffers without the right Christian accounting software. Proverbs 19:20: “Listen to advice and accept instruction, that you may gain wisdom in the future.”

Topics: church accounting church ministry non-profit Sage Intacct Church Accounting Software

Client Blog: Silvertip Completions Cuts Costs in Nearly Half with FieldFX Integration From AcctTwo

Special Client Guest Blog By:
Kyle Kirk, CFO, Silvertip Completions 

From day one, our goal at Silvertip Completions has been to automate manual processes that are generally accepted as standard, full-time employee (FTE) driven activities by most oil and gas companies. The implementation of FieldFX, LiquidFrameworks’ mobile field operations management solution, coupled with AcctTwo’s FieldFX integration with Sage Intacct has been the largest and most successful advancement for Silvertip in that vision.

Topics: cloud accounting budgeting risk mitigation Digital Transformation business continuity

Proactive Planning Playbook Is More Important than Ever

Like many of you, I’ve been stuck at home trying to rethink my daily life under the new threat, stress, and uncertainty of the COVID-19 pandemic. Questions about how we shop for groceries, how our kids continue to get their educations, how we safely socialize, and how we don’t lose our minds during this time period have challenged us to find answers daily

And we’re the lucky ones – those of us with jobs and in good health. I’ve come to the realization that everything this year will be seen later through the lens of this crisis, including the need for a proactive planning playbook in many areas of our lives and businesses.

Topics: cloud accounting budgeting risk mitigation Digital Transformation business continuity

Why is Accounting Stuck in the 1990s?

If you were operating a business in the '90s this scenario is probably familiar: You purchase a desktop accounting software with some basic transactional tools. Then you spend dozens of hours issuing checks, recording invoices, and other basic obligations. Everything else, especially financial and compliance accounting, is sent off to your professional accountants.

This was the dominant mode of accounting pre-internet, and it didn't meet anyone's needs especially well. Business owners poured tons of time into accounting, but due to their lack of professional expertise the books were often incorrect and disorganized.

Topics: cloud accounting Managed Accounting Services (MAS)