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AcctTwo Blog

What’s New in the Winter 2018 Release of Sage Intacct's SaaS Platform?

I’m excited to share that Sage Intacct has just launched the latest version of our award-winning cloud financial management software—Sage Intacct 2018 Release 4.

Complexity in our modern world is everywhere. Some might argue that Accounting and Finance have more than their fair share of it. We love simplicity, but we don’t want to be restricted. Sage Intacct was built to take the hard-to-do nature of accounting and make it simple. Over time, we’ve added capabilities to make it comprehensive, auditable and scalable.

Topics: Accounting Accounting SaaS Managed Accounting Services (MAS) Intacct Releases cloud accounting Release Winter Release 2018

RPA Makes Room for Your Entire Accounting Agenda

Accountants have always relied on automation to make their lives easier, even going back as far as the abacus. But now thanks to data-driven technologies and self-directed processes, robotic process automation (RPA) is possible. And as a result of these new capabilities, accounting is transforming in a number of ways.

RPA is lowering costs, refining accounting insights, speeding up reporting, and eliminating errors and omissions. Where accountants really feel the impact of automation, however, is in their own workloads and schedules.

Topics: RPA Robotic Process Automation Accounting Accounting SaaS Finance Automation

Could Continuous Auditing Become a Reality?

The reason we conduct auditing on a cycle is because there has never been another way. It takes significant time and labor to compile the necessary accounting data and ample resources to ensure the audit is complete and correct. The overall amount of input necessary means that auditing always has to stop after starting.

Topics: Audit and Internal Controls Accounting

The Advice You Need Before You Implement AI

Artificial intelligence (AI) is rightly being called one of the most transformative technologies in human history. Systems that are intelligent and adaptable will make it possible to accomplish and understand more than has ever been possible before. The repercussions for business are huge, but the impact is likely to reach every corner of humanity.

It's appropriate to talk about AI excitedly, but it's also a little misleading. The promise and potential of AI is huge, but it's not going to change the world overnight. It's also not going to solve every hassle or headache that companies deal with. AI is a powerful tool, but it's not a panacea.

Topics: Artificial Intelligence Finance Automation Accounting

4 Disruptive Trends in Finance and Accounting Automation

Automation has been used in accounting since at least the first adding machine. But now that automation is driven by advanced algorithms and intelligent machine learning, it's impacting accounting more than ever before.

Most offices rely on some form of automation to expedite accounting and ensure accuracy. However, the recent trends in finance and accounting automation suggest it's evolving beyond a tool and into a mission-critical asset. The capabilities currently coming online promise to have a positive impact on accounting for a long time to come:

Topics: Finance Automation Accounting Machine Learning

Data Science: The Foundation of Future Accounting

Data science has a high-tech connotation, yet it's a discipline that has slowly and subtly become central to the practice of accounting. It began in the biggest accounting firms, but now several midmarket players are relying on solutions or planning to implement them soon.

In the same way that other types of scientists study human cells or ancient bones, data scientists study information and information systems. Their goal is to identify patterns, trends, anomalies, and deviations. And in the process, they work to make accessing data more intuitive and flexible for all.

Topics: Data Science Accounting CPA

Artificial Intelligence Will Prove How Necessary People Are

As artificial intelligence (AI) grows in maturity and ubiquity, it's hard not to imagine a "rise of the robots" scenario. But whether you expect the future to be more like the Jetsons or more like Terminator, it's likely to be less robotic than any of us predict.

Topics: Artificial Intelligence Accounting CPA

Why CFOs Should Be Developing Technology Roadmaps

The Association of Chartered Certified Accountants (ACCA) recently came out with a report highlighting the importance of technology to the future of finance. Somewhat surprisingly, the report does not conclude that technology can improve finance and accounting. Instead, it concludes that technology can revolutionize finance and accounting.

Topics: CFO technology Accounting

Is Blockchain Coming to Midmarket Finance & Accounting?

The term blockchain gets referenced a lot lately. In fact, we wrote a whole piece about it several years ago. The only problem is that blockchain is still poorly understood, and its association with the cryptocurrency Bitcoin only leads to more misconceptions.

Let's start with a basic definition: Blockchain is a form of peer-to-peer database technology that is distributed among users. It can be shared widely and added to endlessly, but once information is entered it cannot be changed. Imagine a digital receipt that continues to print endlessly.

Topics: Blockchain Cryptocurrency Accounting middle market

What are the Top CFO Priorities of 2018?

CFO magazine recently surveyed financial executives at six large and mid-sized companies to determine their top priorities for 2018. The sample size may be small, but the insights offered are substantial and the issues addressed apply to every accounting department. This is what industry leaders are thinking about most at the start of the year:

Topics: CFO Strategy Accounting