“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 project 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.
Peter Wagner, on Oct 31, 2017
Accelerating time to close has not traditionally been a key focus for finance and accounting executives. But now that companies of all sizes across all industries (including nonprofits) are looking for a competitive advantage, every process is ripe for improvement. And thanks to new approaches and new capabilities, time to close has shrunk significantly.
Peter Wagner, on Jun 27, 2017
In our services-centric economy, many project-based companies that provide technical and business services are fine-tuning their marketing strategies and business models to pursue growth. And the most recent benchmark report from SPI Research shows those efforts are paying off. The average net profits for the professional services organizations surveyed grew more than 10 percent for the fifth consecutive year. Of course, as those firms grow and expand, they place an added—and changing—burden on the finance organizations that support them.
Despite all the technological progress that has been made over the last 150 years, accounting has changed very little. The daily work of most accountants involved massive amounts of data entry, clerical work, and administrative routines. Spreadsheets may have replaced ledgers, but the role of the accountant never really evolved.
That is quickly changing with the advent of machine learning. This 21st century technology is still in its infancy, but already it’s having an impact on the accounting profession that is broad and deep. As the potential of machine learning continues to advance, look for the expectations of accountants to change radically.
Peter Wagner, on Sep 10, 2015
In today's world, we expect instantaneous information with the click of a mouse. It's really no different for the consumers of financial information, whether they be CEOs, CFOs, board members, or investors. What does this mean for producers of that financial information? It means that it's very hard to meet expectations without the right people and the right technology.
Tammy Bunting, on May 28, 2015
This is Part 2 of our Blessed are the Flexible Series. Click here to read part one.
I think there are two groups of people - and keep in mind this opinion is coming from a seasoned individual, which is a nice way of referring to the “older generation.” There are the older folks that are comfortable with manual workflows – passing paper like a relay baton. It works, right?
From Intacct's View from the Cloud Blog:
This is the final post in this series on nonprofit best practice trends. We've covered some key areas that you'll want to make sure to consider as you plan and execute in the coming year. This week's topic is automating your processes.
We began a series of articles about How We Work nearly a year ago, where we touched on the history of workflow, the effect of technology on workflow and collaboration, and the impact of social media-style collaboration software on how we work together. Right around the time we posted about social media and collaboration tools, we began to use and experiment with Salesforce Chatter here at AcctTwo.
Originally posted on Intacct's View from the Cloud Blog:
Today's blog is a guest post from William Barber, CEO of 2C Processor (2CP). 2CP will be a Platinum Sponsor again at Intacct Advantage this year and will be exhibiting at Booth #100 in the Marketplace Expo. Be sure to stop by to meet William and his team!
John Silver, on Sep 23, 2014
