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AcctTwo Blog

Investment in Equipment is Growing. Can Your Accounting System Keep Up?

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:

Topics: Blog accounting software equipment management reporting Business Intelligence / Analytics Financial Reporting asset tracking Awareness

KPI Discussion Continued: The Balanced Scorecard (BSC)

This article is a continuation of our series of articles on KPIs. In the last installment, we gave an overview of David Parmenter's explanation of Key Results Indicators (KRIs), Performance Indicators (PIs), and Key Performance Indicators (KPIs). In his book, Key Performance Indicators (KPI): Developing, Implementing, and Using Winning KPIs, Parmenter goes on to describe the creation of a Balanced Scorecard (BSC) to help track the execution of the activities necessary to increase performance via modifying an organizations KPIs. 

Topics: Blog KPI Business Intelligence / Analytics balanced scorecard Financial Analysis, Ratios and KPIs Featured Posts Awareness

What is the one KPI your organization should be measuring?

We've begun a series of posts about Key Performance Indicators (KPIs). First, we started with a white paper for the Professional Services Industry and followed that up with a general definition of what KPIs are with a few categories and examples. We plan to share more information on the topic, including guidance to help you identify your KPIs, to ensure you don’t try to load yourself down with too many, to help you incorporate financial and operational data, and to help you present the information, so stay tuned.

Topics: Blog KPI Business Intelligence / Analytics Informational Financial Analysis, Ratios and KPIs Awareness

KPI's: What Are They Anyway?

Key Performance Indicators

We recently gave away a white paper about KPIs specfically for Professional Services Organizations. We got some feedback about the article and white paper asking questions about KPIs, so we thought we should give some background. First off, KPI stands for Key Performance Indicator. They are the main metrics a business should use to tell whether it is on the path to success or not, and they should provide information about where an organization needs to improve.

Topics: Blog KPI Business Intelligence / Analytics Financial Analysis, Ratios and KPIs Featured Posts Awareness

Throwback Thursday - Reporting Dashboards

SaaS from the Past

Looking back at old photos we often marvel at our former sense of style. Can you believe we had that hairdo or wore those pants? Or sitting in older model cars, we wonder how we ever lived without seatbelts and airbags, not to mention traction control, Bluetooth, and rear-view cameras. With software, it's really no different.

Topics: Blog accounting software Intacct Business Intelligence / Analytics Financial Reporting Financial Analysis, Ratios and KPIs Featured Posts Decision

Professional Services Companies: What are Your KPIs?

The Professional Services market is back!

So says a recent paper by SPI Research. While Professional Services Organizations (PSOs) are growing, the key to future success will be whether or not they are maturing. And financial maturity is the key. The most mature organizations exhibit high levels of organizational visibility with optimized business processes and integrated systems, which span all major functional groups. 

Topics: Blog KPI Professional Services Industry Business Intelligence / Analytics professional services financial maturity White Paper Informational Financial Analysis, Ratios and KPIs Awareness

Business Intelligence: the Dangers of Excel-Based Reporting

Business Intelligence (BI) is a phrase thrown about quite a lot these days as organizations of all sizes strive to get better, more accurate, and more timely data with which they can measure, assess, and plan. Business Intelligence software as well as ERP and financial software providers are upping their reporting capabilities and providing dashboards where summary reports and trends can be configured for users - whether they be at the 50,000 foot level or down to the nitty-gritty; for CEOs , business analysts, accounting staff, etc.

Topics: Blog Business Intelligence / Analytics excel-based reports Financial Reporting Informational Financial Analysis, Ratios and KPIs Awareness

Gaining Strategic Insight into Business Performance

From Intacct's View from the Cloud:

High-growth organizations today are operating in an increasingly complex, competitive landscape - often on a global or multi-entity scale. In response to this, businesses are expecting their financial systems to provide access to more than traditional, “business as usual” information. Finance teams are looking for strategic ways to improve reporting so that it is faster and more accurate, and provides crucial insight into performance across the entire organization.
Topics: Blog accounting software management reporting View from the Cloud Intacct Business Intelligence / Analytics Financial Reporting Videos Financial Analysis, Ratios and KPIs Decision

Is Compiling Financial Reports Giving You and Your Staff Headaches?

If your staff is popping aspirin like candy before the weekly staff meeting, the diagnosis is simple: Compiling reports gives everybody headaches. The cure? Intacct's powerful built-in accounting and financial reporting and analytics capabilities that let you build, plan, define, and measure business metrics and performance.

Take a look at the two-minute demo below of Intacct standard reports to see how you can arm staff and executives with the insights and visibility they need to make better decisions and improve business performance—and cut the aspirin budget.

Topics: Blog accounting software Intacct Business Intelligence / Analytics Financial Reporting Videos Decision

Truly See Your Business for the First Time

To survive in today’s business world, you need flexible financial forecasting software that gives you real-time visibility into your company’s overall business performance. Watch the video below and see from customers first-hand how Intacct financial forecasting software can help you do this by:

Topics: Blog accounting software management reporting Intacct Business Intelligence / Analytics Financial Reporting Videos Financial Analysis, Ratios and KPIs Planning, Budgeting and Forecasting Decision