AcctTwo Blog

Special Client Guest Blog By:
Kyle Kirk, CFO, Silvertip Completions 

From day one, our goal at Silvertip Completions has been to automate manual processes that are generally accepted as standard, full-time employee (FTE) driven activities by most oil and gas companies. The implementation of FieldFX, LiquidFrameworks’ mobile field operations management solution, coupled with AcctTwo’s FieldFX integration with Sage Intacct has been the largest and most successful advancement for Silvertip in that vision.

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.

Until cloud computing became a ubiquitous business solution, almost all IT decisions were up to the CIO. But now that the cloud has shifted the paradigm, other departments are becoming invested and involved with tech like never before. And no one has been impacted more than the CFO. Here are some examples of the new roles these executives are now responsible for.

As a mission-based organization, your agenda is clear – doing good work around the world. Unfortunately, accomplishing that is more complex than ever, requiring leaders to rely on a lot more than just good intentions in order to achieve the positive outcomes they desire.

As the scope of mission-based organizations has grown, decision-making has become a high-stakes process. At the same time, donors demand a level of transparency and accountability that raises the stakes of decision-making even further.

A sense of optimism buoys business for the upcoming year, but with companies still punchy from the financial calamities of the past few years, you'd better believe that growth and investment will be done with caution and a renewed circumspection.