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AcctTwo Blog

4 Key Takeaways for SaaS Finance Innovation

Increasingly, the CFO and finance leaders in growth SaaS companies are the business model architects for analyzing and guiding the success of the company. 

Topics: best-in-class best-of-breed Suite Sage Intacct Partner of the Year Sage Intacct Sage Intacct News AcctTwo News Accounting Today Accounting SaaS ERP Cloud Digital Transformation Busines-Process-as-a-Service Managed Accounting Services (MAS) Audit and Internal Controls SaaS Finance Transformation

Audit is about to undergo a radical change led by Sage Intacct

ACCOUNTING TODAY--Sage Intacct plans to radically change audit. Audit is about to undergo a radical change, and Sage Intacct plans to spearhead it.“Radical change” means just that: Audit will not be what it always has been," said Aaron Harris, senior vice president and head of engineering and technology, in a keynote at Sage Intacct's annual user conference, being held this week in Nashville. Audit now is “after the fact, time-consuming and expensive — all just to gain some confidence that the controls are working and the numbers are correct.” 

Topics: best-in-class best-of-breed Suite Sage Intacct Partner of the Year Sage Intacct Sage Intacct News AcctTwo News Accounting Today Accounting SaaS ERP Cloud Digital Transformation Busines-Process-as-a-Service Managed Accounting Services (MAS) Audit and Internal Controls

Managed Accounting Services: From Economies of Scale to Economies of Skill

ACCOUNTING TODAY-- Everything would seem to be “as-a-service” these days: infrastructure, platform, software, government, healthcare, storage and more. There is now even the term “anything as a service” or XaaS, which encompasses this entire movement. So, I apologize in advance to adding to the jargon with this discussion of Business-Process-as-a-service (BPaaS) and Managed Accounting Services (MAS).

Topics: best-in-class best-of-breed Suite Sage Intacct Partner of the Year Sage Intacct Sage Intacct News AcctTwo News Accounting Today Accounting SaaS ERP Cloud Digital Transformation Busines-Process-as-a-Service Managed Accounting Services (MAS)

The Drivers of Digital Transformation Reveal the Dangers of an Outdated Approach

I-SCOOP, an online publication that provides educational resources and services around digital business, transformation, and organizational processes, defines "Digital Transformation" as:

"The profound transformation of business and organizational activities, processes, competencies and models to fully leverage the changes and opportunities of a mix of digital technologies and their accelerating impact across society in a strategic and prioritized way, with present and future shifts in mind."

That's a mouthful, but I thought it was worth trying to define the concept before we talk about it. The potential of digital transformation has been discussed extensively. What often gets lost in the conversation are the factors that are driving the transformation. We tend to focus on the potential of a tech-driven approach, without diving into why that approach is so critical. As a result, companies view better technology as an upgrade rather than an obligation. In reality, it’s both.

Topics: Digital Transformation

How to Make Digital Transformation Stick

The concept of "Digital Transformation" using technologies like Artificial Intelligence (AI), Robotic Process Automation (RPA), and Blockchain can be overwhelming for any organization to sort through, much less implement an adoption strategy for.

As an example of the difficulties organizations have had with digital transformation, a recent Gartner survey shows that even though companies have made data and analytics a priority in recent years, 91% of companies don't feel that they've reached a "transformational" level of maturity in that area. Companies are eager to embrace the potential of integrated technologies and analytics, and they recognize that in many industries digital transformation is essential for remaining competitive. The problem is that wanting to change and actually transforming can be miles apart.

Topics: Digital Transformation Finance Transformation