Ken West, on March 17, 2021
The proliferation of automation and digitization technologies over recent years has been a boon for all. Enterprises of all sizes and across all industries are replacing manual, paper-based processes with machine intelligence and robotic capabilities. These companies have achieved even more impressive benefits than many expected enabled by the adoption of managed accounting consulting.
Glen Strack, on May 11, 2020
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World, “We're not worthy!”, is how most startups feel when reporting to investors, or potential investors, with their outdated Excel sheets riddled with manual errors.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.
Peter Wagner, on March 26, 2018
Some people call this an age of innovation. Others call it an age of disruption. No matter what your perspective is, deep change is the constant.
A recent survey of more than 800 UK businesses revealed that 2/3 believe innovation is crucial for survival. That makes sense at a time when small startups are unsettling entire industries and chipping into the market share of companies generations-old.
Peter Wagner, on February 28, 2018
Data is a priority for every organization these days. That could mean a full-blown big data initiative designed to capture all available data and analyze it as deeply as possible. Or it could mean a more modest effort simply aimed at organizing and leveraging data effectively. Either way, experience and expertise with data is invaluable.
With that in mind, recently released figures from the employment website Glassdoor make a lot of sense. Consider these eye-opening stats:
Peter Wagner, on January 8, 2018
If you roll your eyes a little when you hear the phrase "Big Data," you're hardly alone. For around a decade now we have heard endlessly about the vast potential of a data-driven future. And everything from restaurant service to automotive safety was supposed to improve once analytics were applied. The key to unlocking anything and everything was promised. Unfortunately, it hasn't arrived yet.
Peter Wagner, on September 5, 2017
Data is the currency of the future. The organizations that make the most of the information flooding into their offices gain a distinct competitive advantage and lay the foundation for sustained success.
The challenge, however, is that data has no value unless it's tracked, stored, managed, and analyzed carefully. While most companies have more than enough data to work with, few have the resources necessary to leverage it successfully. Ambitious companies are forced to make a difficult choice – add expensive new staff and technology to the ranks, or risk losing out on the next big opportunity. In order to resolve this catch-22 scenario, consider enlisting a third possibility.
Peter Wagner, on May 19, 2017
In layman's terms, an in-memory database is simply a repository of data that does not rely on disk storage. Instead, the data is stored in the main memory, closer to where the actual processing takes place.
This is not a new technology. However, where an in-memory database may have been an optional consideration in the past, it’s now considered essential for enterprises that manage a lot of data and rely on complex analytics. But smaller companies and nonprofits now have access to a lot of data as well, and if they want to remain agile, they need to be able to analyze that data in real-time.
Peter Wagner, on February 24, 2017
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.
Peter Wagner, on December 12, 2016
AcctTwo's Founder and CEO, Marcus Wagner, was recently interviewed by Matt Register and Jay Curry on Texas Business Radio. Marcus describes the new powerful Software-as-a-Service technologies available for small to midsize businesses. ERP, Accounting, and Financial Planning and Analysis (FP&A) tools are now affordable and accessible, allowing companies and nonprofits to make their finance and accounting departments an enabler of growth rather than an obstacle to growth.
Peter Wagner, on January 7, 2015
CFO.com recently posted some information about the continued growth of equipment investment, referring to a survey by the Equipment Leasing & Finance Foundation. While they are forecasting a drop from the second half of 2014, when the rate of growth of equipment and software investment was above 9%, a remarkable number, the survey predicts the positive trend will continue at a respectable rate of around 6%. We encourage you to look more closely at the survey linked above, but first we'd like for you to consider some things:
