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AcctTwo Blog

Marcus Wagner

Marcus Wagner

Marcus is the founder and CEO of AcctTwo, a services and technology company delivering the Future of Finance and Accounting to nearly 1,000 organizations throughout the country. Marcus and his team have firsthand experience implementing the processes, controls, and technology needed to optimize financial resources, no matter the amount.

Recent Posts by Marcus Wagner:

Baker Tilly Acquires AcctTwo, the Leading Sage Intacct Partner

Acquisition of Houston-based technology and services company creates a trifecta of best-in-class technology, implementation and outsourcing.

HOUSTON (Sept. 1, 2021) – Baker Tilly US, LLP (Baker Tilly) announces the acquisition of AcctTwo Shared Services, LLC (AcctTwo). The move amplifies Baker Tilly’s robust product development capabilities and extensive digital practice. The acquisition will be effective Oct. 1, 2021.

Topics: AcctTwo News General Not-for-Profit and Faith-Based

Deloitte Reports Seven Key Shifts for Succeeding as a Strategic CFO

Deloitte recently published a report with the summary line, “After a tough year, CFOs express increased optimism and expectations for economic growth.” We wanted to share the report with those in our community of finance leaders so that you can measure your own outlook, needs, and expectations against those of your peers. The report identifies shifts in thinking necessary to succeeding as a strategic CFO in seven key areas.

Topics: General strategic CFO

Examples of Strategic Management Accounting ROI in the 'Last Mile'

After having navigated the overwhelming finance and accounting technology landscape, and (hopefully) successfully chosen and implemented the right solutions, most companies are still left with what we call gaps in the important industry-specific functionality in “the last mile.” Most companies come up with manual workarounds for these last-mile gaps or simply live with them, never achieving true strategic management accounting.

Topics: General strategic CFO Not-for-Profit and Faith-Based Customers

Strategic Accounting Services: Your Guide Through the Endless Options

If you’re like many finance leaders these days, you’re feeling a greater sense of urgency brought on by the pandemic. And you may be realizing that today’s choices of technology are seemingly endless, with literally hundreds of “best-of-breed” technology providers out there focusing on specialized areas such as AP automation, digital payments, expense management, and month-end close. And they’re multiplying every day.

How do you know which providers to choose? Which ones are best for your industry, your company, and your specific needs? And how do they all work together? Can you integrate them? This is where a partner that provides strategic accounting services can be a lifesaver. We’ve walked this road before and guided hundreds of companies successfully through the journey ahead of you.

Topics: General strategic CFO Not-for-Profit and Faith-Based

ESG Issues Bring Disruption and Need for Strategic Corporate Finance

A little over a year and a half ago, we wrote about the new statement of corporate purpose published by the Business Roundtable (BRT) which drew praise, criticism, and skepticism. The new statement was groundbreaking and it's worth reading. The BRT had in the past focused on “shareholder primacy,” following the lead of Milton Friedman in the 1970’s. In 1997, the BRT stated that, "the paramount duty of management and of boards of directors is to the corporation's stockholders," and that "the interests of other stakeholders are relevant as a derivative of the duty to stockholders."

However, in the new statement of purpose, published in August of 2019, the BRT doesn't mention shareholders until the last bullet of their statement, and seems to give more urgent attention to customers, employees, ethics, communities, and the environment as part of strategic corporate finance.

Topics: General strategic CFO

The Evolution and Benefits of Strategic Accounting

I founded AcctTwo to help midsize companies and nonprofits with their finance and accounting technology and services needs. While I was at PwC, I saw the benefits of outsourcing non-core functions like accounting, payroll, HR, and other back-office departments for large corporations.  I knew that these strategic accounting services could benefit smaller organizations as well. 

As this new business venture called AcctTwo began to take shape, I knew that I wanted to provide these managed accounting services on one technology platform so that our employees could become specialists in one system and could specialize by function, eliminating problems that can arise when an accounting team is made up of a handful of jacks of all trades, masters of none.

Topics: General strategic CFO

How Disney Pivoted to a Subscription Revenue Model to Weather 2020

It has been an unprecedented year filled with highs and undeniable lows. We not only survived – we thrived. We learned what it means to truly pivot and overcome great challenges. At the same time, we celebrated every success in lockdown and learned what we are truly capable of.

Topics: Subscription Billing business continuity General

Ascent Conference: Finance & Accounting Playbook

A few weeks ago, I had the pleasure of participating in this year’s Ascent Conference, a staple of the startup, SaaS, and venture capital communities in the Greater NYC area. Because of COVID, the event was held virtually. I gave a keynote presentation on “How to Extend Your Runway with a Finance and Accounting Playbook.” As the founder and CEO of AcctTwo, a services and technology company delivering the Future of Finance and Accounting to nearly 1,000 organizations throughout the country, my team and I have firsthand experience implementing the processes, controls, and technology needed to optimize financial resources for SaaS companies at variety of growth stages. As a result of this experience, we’ve developed a Finance and Accounting Playbook that I shared during the keynote. The effects of COVID-19 for the past few months have only reinforced the need for this kind of planning.

Topics: SaaS accounting outsourcing Accounting SaaS General

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 General

AcctTwo Gives Back: It’s Our Privilege to Help Our Community

All of us at AcctTwo believe that community means more than what we can see outside our office doors. We think of the concept of community beyond geography. We proudly count our employees and their families, as well as our customers, partners, peers, and neighbors as part of the community we serve. At AcctTwo, it’s our privilege and honor to be part of this community and we seek to strengthen each person so we can all become stronger together.

Topics: AcctTwo Gives Back Coping Together