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AcctTwo Blog

Connected Finance Empowers Today's Modern CFO

At AcctTwo, we believe that the finance and accounting function and the CFO should be a strategic business partner to their organizations, and they have a unique opportunity to help build the future of those organizations. A recent article in the International Business Times titled, "The Future of Finance Is Connected Finance" does a wonderful job of illustrating that perspective. The article focuses on the concept of "connected finance" and its importance to this vision of the role of the modern CFO and finance teams.

Topics: cloud accounting Software as a service General strategic CFO

Cloud-based Accounting Software Has Benefits – But SaaS Has More

Deployment options were hardly a consideration ten years ago. Most accounting solutions were licensed and hosted by a third party or deployed on your own premises. “SaaS” was a poorly understood and relatively new concept. “Cloud” was not even part of the business vernacular yet. Solutions like Customer Relationship Management (CRM) were heading in that direction, but entrusting your records to cloud-based accounting software required a higher level of trust that had not been developed yet. 

Topics: cloud accounting Software as a service General

What's new in Sage Intacct's Release 1 2021

Sage Intacct Release 1 for 2021 is live and we are here to give you an overview of the new features you rely on to make your job easier. In Release 1, you'll notice cash management, general ledger, accounts receivable, and financial reporting updates. These are just a handful of what's new in the 2021 Sage Intacct Release 1.

Topics: Intacct Releases cloud accounting Accounting Release General Not-for-Profit and Faith-Based Customers

What's new in Sage Intacct's Release 4 2020

Sage Intacct Release 4 for 2020 is live and we are here to give you an overview of the new features you rely on to make your job easier. In Release 4, you'll notice accounts payable enhancements, more flexible vendor aging reporting, a new look for the "Receive payments" screen, and the expanded availability of transaction allocations rules. These are just a handful of what's new in the 2020 Sage Intacct Release 4.

Topics: Intacct Releases cloud accounting Accounting Release General Not-for-Profit and Faith-Based

How to Know It’s Time to Switch to Cloud Based Accounting Software

It’s likely that when your company was started or founded that your executive team went with the easiest, quickest, and most cost-friendly accounting software to handle its accounting needs just to get things started. But the truth is that start-ups outgrow the tools that launched the company. Not only can your old system be outdated, but ability to handle higher volumes of work might even be inhibiting your ability to grow.

Topics: accounting software ERP cloud accounting Accounting Finance Automation Sage Intacct ERP Cloud General

What’s New in the Sage Intacct Release 3

Sage Intacct Release 3 for 2020 is live and we are here to give you an overview of the new features you rely on to make your job easier. In Release 3, Sage Intacct is delivering automation and streamlining processes around credit card transactions and reconciliations, cross-entity allocations, and budgeting and planning. These are just a handful of what's new in the 2020 Sage Intacct Release 3.

Topics: Intacct Releases cloud accounting Accounting Release General Not-for-Profit and Faith-Based

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

Why is Accounting Stuck in the 1990s?

If you were operating a business in the '90s this scenario is probably familiar: You purchase a desktop accounting software with some basic transactional tools. Then you spend dozens of hours issuing checks, recording invoices, and other basic obligations. Everything else, especially financial and compliance accounting, is sent off to your professional accountants.

This was the dominant mode of accounting pre-internet, and it didn't meet anyone's needs especially well. Business owners poured tons of time into accounting, but due to their lack of professional expertise the books were often incorrect and disorganized.

Topics: cloud accounting Managed Accounting Services (MAS)

What’s New in the Latest Sage Intacct Release for 2020?

Sage Intacct Release 2 for 2020 is now live and we are here to give you an overview of the new features or enhancements you rely on to make your job easier when it's time to pay bills, inter-entity setup and management, as well as budgeting and planning. These are just a handful of what's new in the 2020 Sage Intacct Release 2. Let's take a closer look!

Topics: Intacct Releases cloud accounting Accounting Release