Increasingly, the CFO and finance leaders in growth SaaS companies are the business model architects for analyzing and guiding the success of the company.
Austin K. Wright, on Nov 13, 2018
Increasingly, the CFO and finance leaders in growth SaaS companies are the business model architects for analyzing and guiding the success of the company.
ACCOUNTING TODAY--Sage Intacct plans to radically change audit. Audit is about to undergo a radical change, and Sage Intacct plans to spearhead it.“Radical change” means just that: Audit will not be what it always has been," said Aaron Harris, senior vice president and head of engineering and technology, in a keynote at Sage Intacct's annual user conference, being held this week in Nashville. Audit now is “after the fact, time-consuming and expensive — all just to gain some confidence that the controls are working and the numbers are correct.”
Marcus Wagner, on Oct 11, 2018
ACCOUNTING TODAY-- Everything would seem to be “as-a-service” these days: infrastructure, platform, software, government, healthcare, storage and more. There is now even the term “anything as a service” or XaaS, which encompasses this entire movement. So, I apologize in advance to adding to the jargon with this discussion of Business-Process-as-a-service (BPaaS) and Managed Accounting Services (MAS).
Austin K. Wright, on Oct 03, 2018
ACCOUNTING TODAY - OCTOBER 3rd, 2018 - Since its foundation in 2010, Houston-based firm AcctTwo has grown quickly, and has in fact been one of the fastest growing value-added resellers on Accounting Today's VAR 100 list, doubling its revenue between 2015 and today. The firm attributes much of its success to its long-standing partnership with Sage Intacct, this year marking the fifth in a row that AcctTwo won the cloud accounting provider's Partner of the Year award. But the technology partnership has worked hand-in-hand with a successful recruitment and culture-building strategy to make the firm what it is today.
Peter Wagner, on Sep 24, 2018
A recent article in Forbes highlighted the breakneck pace of consolidations happening right now in the SaaS industry. Companies like Salesforce, Oracle, and SAP are all growing their enterprise app business by 25%-30% per year.
Those numbers are impressive, but it’s important to dive a little deeper to understand what is driving them. These companies are investing aggressively, but much of that money is going towards acquisitions. Rather than developing innovative ideas, the major players are simply buying up smaller companies and incorporating their capabilities. As a result, many enterprise apps are actually suites of products that promise one-size-fits-all utility.
Peter Wagner, on Jan 04, 2018
Anyone with even a passing interest in enterprise IT has probably encountered the term "platform" recently. But despite the ubiquity of the term, it's often misunderstood. And as a result of that confusion, it's possible to make disastrous decisions in terms of technology. Use this quick overview to get up to speed.
This won't be the first time I've written a blog post because of Anshu Sharma, partner at Storm Ventures. His article on eEstonia and the "Government Stack" on Enterprise Irregulars back in 2014 got me thinking about "Government as a Service." Now he's gotten Christopher Mims, Tech Writer for the Wall Street Journal, thinking as well. Sharma recently wrote an essay on the "Stack Fallacy," and Mims took the concept and wrote about it in the WSJ Tech section. The Stack Fallacy is:
Peter Wagner, on Jan 05, 2015
We recently posted an article about the differences between Intacct and NetSuite where, based on YouTube videos from NetSuite's CTO speaking at SuiteWorld, we discovered that many of the features and advantages of multi-tenant cloud-based financial applications aren't available in NetSuite without adding scripting. Today we'd like to point out another major difference between the two products that has to do with where the companies reinvest their customers' subscription fees.
Salesforce's VP of Strategic Research, Peter Coffey, wrote an article for Diginomica last week about the pitfalls that any group or organization can fall into when trying to measure the success of any effort - a tendency to measure activities rather than outcomes. He points out that new products, like Salesforce.com, and processes are connected as never before, and can make it easier than ever to measure actual accomplishments. Our old and flawed assumptions, however, may be embedded deeply enough that this will require a change in mindset.
Peter Wagner, on Mar 14, 2014
When Buying Accounting Software, Bigger isn’t Always Better
We wrote a blog post in December about this: when you're looking for accounting or financials software, choosing one of the biggest players around isn't always the best idea. Finance organizations agree: SaaS "cloud" solutions for financial management bring significant advantages to the organization: higher productivity, smarter revenue recognition and greater strategic insight. But what's the right solution—a best-of-breed approach that lets you integrate with your preferred sales force automation and ERP systems—or a monolithic suite of apps? Understanding the tradeoffs has never been more critical.
