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AcctTwo Blog

Brett Michalson

Brett Michalson

Recent Posts by Brett Michalson:

The Strategic Role of Today's CFO Requires Intelligent Tools

In the same way that many of today’s disruptive technologies started in the consumer space and then moved into the business world, a lot of the disruptive business technologies such as cloud, mobile, and social started in areas such as marketing and sales, then moved into other functional areas, such as accounting, finance, payroll, and human capital management.

The finance function has become one of the new frontiers for technological innovation and disruption. Technology has begun to completely change the strategic role of today’s CFO by automating or eliminating much of the work being done by humans.

Topics: General strategic CFO

Ease Complex Billing with Flexible Automated Billing

“We have to do it manually” is an unfortunate phrase we hear quite a bit when our clients share their frustrations with managing their complex, multi-line automated billing. If you’re recreating the same price list repeatedly or if your business model requires extensive pricing and billing flexibility, there’s a better way.

Topics: project accounting professional services Automation and Workflow Project Management and Project Accounting process automation Construction Industry Field Services

A Realistic Look at Future Accounting Technologies Part 3 - Preparing for AI

Our Future of Finance and Accounting blog series is designed to prepare finance teams at midsize companies and nonprofit organizations for changes in regulations, best practices, and technologies that will impact finance and accounting departments.

Topics: Artificial Intelligence The Future of Finance and Accounting AI

A Realistic Look at Future Accounting Technologies Part 2 - AI

Last month I wrote about Robotic Process Automation, its impact on finance and accounting technology, and how I see RPA as an impactful stop-gap measure for organizations unable to take advantage of fully automated API integrations, either because of cost or legacy technology limitations. However, as the future becomes more connected, web integrations can extract, transform, and transfer data more efficiently. Regardless of how the data is managed, whether through RPA or a direct integration, there is another technology that, when added to the mix, becomes the key value driver – and that is Artificial Intelligence (AI).  Combined with AI, RPA becomes less of a mimic and more of a virtual assistant.

So that brings us to Artificial Intelligence and how it appears to be one of the key technologies that will indeed unlock the future of finance and accounting.

Topics: Artificial Intelligence The Future of Finance and Accounting AI

A Realistic Look at Future Technologies and How They Impact Accounting

At AcctTwo, we strive to deliver the future of finance and accounting to our customers, but what is that future?  In this series I’ll share my perspective on some of the rapidly changing technology solutions that marketing departments and the media are hyping as up-and-coming technologies in this space, and how I see them impacting finance and accounting departments.

Topics: The Future of Finance and Accounting

Why Have a Reporting Strategy with New Business Accounting Software

Business Accounting Software Implementation Advice from AcctTwo's Chief Technology Officer

Part of our customer success methodology is to conduct a project close interview with project stakeholders at the end of every Intacct ERP implementation. Along with capturing a quantitative customer satisfaction score that contributes to our overall Net Promoter Score, we also ask qualitative questions about how the implementation went and whether we provided the necessary leadership, communication, and training to make the project a success. One response I too commonly receive is: "The implementation went really well but there are some reports and dashboards we still want to have built."

Topics: management reporting ERP Financial Reporting reporting Implementation Operational Reporting

Three Common Misconceptions about Cloud Computing

When I speak with business people about cloud technology, I often hear the same set of concerns. Many of these concerns originate from established IT groups currently providing business services, while other concerns come from assumptions about technology that may have been valid five years ago but aren't true today. With the fast pace of improvements in cloud technology, holding on to these outdated misconceptions can be costing your business.

Topics: Blog accounting software Security SaaS Cloud Computing / SaaS Cloud computing Informational

Cloud-Computing is the Future for Business Applications

Cloud applications have taken off for individuals (ex: Facebook, Google Docs, Twitter), but as cloud applications continue to mature, businesses are coming around as well. Cloud-computing is now a buzz-word in the software industry, and for good reason: the advantages of cloud applications are abundant. As more businesses are seeing the value proposition the cloud offers, the field of worthy cloud-based business applications continues to grow. 

Topics: Blog accounting software information systems Intacct Cloud Computing / SaaS Software as a service Cloud computing