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AcctTwo Blog

How an Automated SaaS Dashboard Can Spur Growth and Attract Investors

It’s been more than 20 years since Salesforce first launched their CRM, and today it stands as one of the largest SaaS companies in the world. In that time, the SaaS model has become ubiquitous. Despite incredible market growth, many SaaS and subscription startups fail for financial and operational reasons or due to market fit. Still others are unable to secure the necessary funding to stay solvent while they find their path to sustainable growth. Find out why an automated SaaS dashboard that calculates and visualizes the leading indicators of business health might have helped more startups, Series A, and even Series B companies succeed.

Topics: KPI Cloud Computing / SaaS Accounting SaaS saas intelligence saas intelligence product General

Succession Planning Examples: How to Prevent Chaos

A proper succession plan for the back-office is often overlooked, but it gives your business a roadmap of what to do next if your organization loses a leader unexpectedly. During the interim while a permanent replacement is being found, finances may not be well-controlled, projects can lose steam, and the business may see a decline. What are some other succession planning examples that could have prevented chaos?

Topics: business continuity succession Planning General

Lessons from Amazon: What is Succession Planning?

Succession planning is extremely important for any size organization. For example, recently Amazon CEO Jeff Bezos announced that Andy Jassy would succeed him as CEO. Overall, in the media, the succession plan was widely accepted. What is succession planning and what can we learn from Amazon?

Topics: business continuity succession Planning General

The Evolution and Benefits of Strategic Accounting

I founded AcctTwo to help midsize companies and nonprofits with their finance and accounting technology and services needs. While I was at PwC, I saw the benefits of outsourcing non-core functions like accounting, payroll, HR, and other back-office departments for large corporations.  I knew that these strategic accounting services could benefit smaller organizations as well. 

As this new business venture called AcctTwo began to take shape, I knew that I wanted to provide these managed accounting services on one technology platform so that our employees could become specialists in one system and could specialize by function, eliminating problems that can arise when an accounting team is made up of a handful of jacks of all trades, masters of none.

Topics: General strategic CFO

How Disney Pivoted to a Subscription Revenue Model to Weather 2020

It has been an unprecedented year filled with highs and undeniable lows. We not only survived – we thrived. We learned what it means to truly pivot and overcome great challenges. At the same time, we celebrated every success in lockdown and learned what we are truly capable of.

Topics: Subscription Billing business continuity General

Benefits of Enhancing Your Accounting System with AP Automation

Recently we hosted our 6th annual Faith-Based Finance Collaborative. Bill.com has been a long-term partner and sponsor of our collaborative and presented at the event. Mitchell Yee, Senior Manager - Channel Partnerships at Bill.com, spoke to Cody Maynard - CPA, Pastor of Business Administration at Victory Life Church, about the benefits of enhancing your accounting system with AP Automation. 

Topics: Faith-Based General

How Data Visualization Tools Enable Insights at a Glance

Sage Intacct released the Interactive Visual Explorer in their last quarterly release last year as a limited release. The Interactive Visual Explorer (IVE) allows you to explore your financial data using a multi-angle, multi-dimensional graphical tool. With data visualization tools, you clearly understand insights at-a-glance. You don’t need special skills or IT to explore your data. And, you turn insights into action with visual storytelling and narration. So, you can transform your business strategy and make strategic, data-driven decisions.

Topics: Faith-Based General

Where Do I Start Post-COVID Recovery? A Business Continuity Plan Checklist

It has been an unprecedented year filled with highs and undeniable lows. We not only survived – we thrived. We learned what it means to truly pivot and overcome great challenges. At the same time, we celebrated every success in lockdown and learned what we are truly capable of.

Topics: business continuity General

What Do I Need to Raise Capital?

The preparation required to raise capital is one of the hardest things a founder can do and it will consume a significant amount of your time. Given what we are experiencing with COVID-19, it is even more challenging. Interestingly, today “the biggest change lies in not the money itself, but the appetite for uncertainty. Most investors are going to be more cautious currently, which will require some form of uncertainty premium as a part of the terms. One way to ensure that you can raise money confidently in this time is to get intimately familiar with cash flow on a day-to-day, week-to-week basis.” 

Topics: SaaS venture capital Start-Up Startup Guidance extend your runway 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 Faith-Based cloud accounting Accounting Release General