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AcctTwo Blog

Leadership Succession Planning Must Focus On Culture

Culture is so important, and it doesn’t necessarily gauge intellect, instead it measures whether or not someone will be a good fit for your team and ensure that it is well rounded. Don’t overlook the cultural component to leadership succession planning – remember people work for people.

Topics: business continuity succession Planning General

5 Steps to Include in the Succession Planning Process

You have risk management processes in place for vital processes within your organization – you should also have risk management processes in place for top talent. Be prepared before chaos happens by undertaking back-office succession planning proactively. Here are the five steps to include in your succession planning process.

Topics: business continuity succession Planning General

Succession Planning Best Practices: Leadership Selection is Key

Earlier this year I attended the Outcomes Conference where I heard Dr. James Galvin give a presentation on Successful Leadership Transitions. In that session, he said that 27 to 46 percent of leadership transitions fail. That’s 1 out 3 leadership transitions that just don’t work. Can  your staff handle that stress? The most expensive hire you can ever make is hiring the wrong person so your back-office succession planning best practices must focus on leadership first.

Topics: business continuity succession Planning General

Succession Planning Examples: How to Prevent Chaos

A proper succession plan for the back-office is often overlooked, but it gives your business a roadmap of what to do next if your organization loses a leader unexpectedly. During the interim while a permanent replacement is being found, finances may not be well-controlled, projects can lose steam, and the business may see a decline. What are some other succession planning examples that could have prevented chaos?

Topics: business continuity succession Planning General

Lessons from Amazon: What is Succession Planning?

Succession planning is extremely important for any size organization. For example, recently Amazon CEO Jeff Bezos announced that Andy Jassy would succeed him as CEO. Overall, in the media, the succession plan was widely accepted. What is succession planning and what can we learn from Amazon?

Topics: business continuity succession Planning General

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

Where Do I Start Post-COVID Recovery? A Business Continuity Plan Checklist

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: business continuity General

Client Blog: Silvertip Completions Cuts Costs in Nearly Half with FieldFX Integration From AcctTwo

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.

Topics: cloud accounting budgeting risk mitigation Digital Transformation business continuity 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

How to Cope with and 'Run Our Business in the New Normal'

Well, well, well. Here we are. It’s August, and once again triple digits abound on Texas dashboards everywhere and a tropical disturbance chills out in the Gulf of Mexico, oblivious to the fact that we need a break.

Topics: business continuity