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AcctTwo Blog

From Crisis to Prosperity: A Digital Transformation Case Study

The pandemic has changed the way we all live and work. I speak to customers everyday that are living and working through the pandemic. When AvidXchange came to us with their newest quarterly report "From Crisis to Prosperity: Experts Predict Financial Industry's Path Forward", it resonated on many levels. The report features forward-looking articles that formulate a digital transformation case study from industry experts that focus on how to rebuild for growth in the months ahead. They feature articles from:

Topics: business intelligence Software and Technology Industry Disaster Recovery General

Are Your Reports Investor Worthy?

To quote Wayne’s World, “We're not worthy!”, is how most startups feel when reporting to investors, or potential investors, with their outdated Excel sheets riddled with manual errors. You started your startup on the core belief that your product or service is game changing, and you want the world to know it. But the minute you get in front of an investor you start to second guess yourself and your numbers.

Topics: Business Intelligence / Analytics SaaS Financial Reporting analytics business intelligence Financial Analysis, Ratios and KPIs Dashboards Start-Up Accounting SaaS Startup Guidance Investor Reporting extend your runway

Finance and Accounting Playbook Proactive Planning

The Extend Your Runway series was led and moderated by Marcus Wagner. Marcus is the founder and CEO of AcctTwo, a services and technology company delivering the Future of Finance and Accounting to nearly 1,000 organizations throughout the country.

To recap our last blog, Active Planning is the iterative process of budgeting and re-forecasting based on real-time operational data and market dynamics. It just doesn't end with planning, which is why we actually call it Proactive Planning.

Topics: planning business intelligence Planning, Budgeting and Forecasting Startup Guidance extend your runway

Business Intelligence - An Integral Part of your ERP Tools

Is Business Intelligence Part of Your ERP Tools?

It’s the first day of the month, the finance and accounting teams are reconciling balance sheet accounts, recognizing revenue, accruing expenses, and recording financial transactions. Everybody is busy working against the clock to have the financial statements ready on time. Then a request from the senior management team arrives. They want a series of sales reports so they can decide when to launch the new product line.

This is a situation where a Business Intelligence solution would’ve been very handy. But let’s start with the basics.

Topics: Business Intelligence / Analytics BI business intelligence

3 New Approaches for the Data Driven CFO

Driving Performance in Financial Services

Most executives would agree that the decision-making window has been getting smaller with each passing year. Information has become more readily available in real-time, but not all executives and finance leaders are able to take advantage of the data available to them.

Topics: CFO eBook White Paper analytics business intelligence

Finding Insight Amongst the Bloom of Business Intelligence

From Intacct's View from the Cloud Blog:

Today we continue with the next installment from our series of videos with eCornell - see the first two posts here and here. In this edition, Clark Newby discusses how you can find insight buried in the vast quantities of business intelligence (BI) data amassing from business systems today.

Topics: Blog accounting software management reporting View from the Cloud Intacct Business Intelligence / Analytics BI Financial Reporting business intelligence Financial Analysis, Ratios and KPIs reporting Awareness

When it Comes to Reporting, Businesses Should Look Forward, Not Backward

Planning better and working smarter is something pretty much everyone aspires to do both at work and in their personal lives. This couldn't be more true for CFOs and those in finance departments. A recent article on CFO.com by Colin Hare and Lana Klein emphasizes the need for forward-thinking analytics to help drive growth and profitability, and to pave the way for better communications and relations between the CFO and other CxOs. 

Topics: Blog accounting software management reporting planning Business Intelligence / Analytics CFO Financial Reporting Software Evaluation analytics Informational business intelligence Financial Analysis, Ratios and KPIs Accounting reporting Awareness