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AcctTwo Blog

Sound Transaction Management With SaaS Finance Software

How Modern SaaS Finance Software Helps with Sound Transaction Management

At AcctTwo, when we refer to Sound Transaction Management we mean setting up the right chart of accounts, optimizing the order-to-cash and procure-to-pay processes, and capturing all the relevant information in the right place. With the right SaaS finance software, you can have a dimensional chart of accounts as the core of many enabling functions that lead to predictable growth. In this on-demand Webinar, hear from a CFO and a Founder about sound transaction management.

Topics: SaaS Accounting Finance Transformation extend your runway General

Playbook: Be Proactive About SaaS Finance Planning

The Extend Your Runway Webinar series was led and moderated by Marcus Wagner. During the SaaS Finance and Accounting Playbook Overview and Proactive Planning webinar, Marcus stepped through the first element of AcctTwo’s Accounting and Finance Playbook - Proactive Planning. Proactive Planning is the iterative process of budgeting and re-forecasting based on real-time operational data and market dynamics.

Topics: SaaS Software and Technology Industry extend your runway General

Nonprofit Financial Management Software Helps VisitDallas Save Time

The team at VisitDallas is enjoying benefits from their new implementation of nonprofit financial management software. Their legacy system could not properly reflect the organization’s true structure and reporting, and was time-consuming and error-prone. Read about how the team worked with AcctTwo to automate their processes, bolster internal controls, and actually start enjoying their integrated nonprofit financial management software.

Topics: Not-for-profit Industry Faith-Based not-for-profit General

Business Succession Planning in a Post-COVID World

We were living in early COVID days when we wrote our eBook, Faith-Based Nonprofit Succession Planning for the Back-Office. We had no idea what was going to happen, or how long it was going to last. We were just starting to talk about how COVID was impacting leaders and succession planning when we spoke to Todd Clark, Senior Associate in Senior Leadership at Slingshot Group, a leading nonprofit staffing and coaching agency. He told us, “In a post-COVID world I see significant changes in succession planning. I think that there will be unexpected resignations resulting in swiftly planned successions. The stress of the pandemic has been unprecedented. I predict that we’ll start to see leaders resigning in their 40s and early 50s to lead outside the church. Leading through 2020 has had the stress of 10 normal years. They aren’t going to have gas in the tank.”

Topics: Faith-Based General

Transitioning to Recurring Revenue Business Models

In our last COVID related article, we encouraged businesses to re-examine their business model as they emerge from the pandemic - it may not be as sound or sustainable as it was before. But it might not be as lucrative as it could be either.

Topics: General

What You're Missing Without a SaaS Metrics Dashboard

If your revenue is recurring like subscription revenue, SaaS metrics are the lifeblood of your business. These metrics are the building blocks of your profitability and growth. GAAP Financials aren't telling you the whole story so that begs the question, what else are you missing out on without a SaaS metrics dashboard to visualize your financial and operational data into actionable insights?

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

Re-Examine Your Business Model for a Better 2021

Coming out of the pandemic, companies will need to bolster their business continuity, double down on risk management, embrace digital transformation, and learn what-if scenario modeling (all topics we’ve explored in-depth recently). None of those efforts matter, however, if there are cracks which require a better business model.

Topics: General

How to Develop the Capability To Do What-if Scenario Modeling

The COVID-19 pandemic offers a powerful reminder to expect the unexpected. At the start of 2020, no one predicted the events that would eventually impact every single business in America. And yet some businesses have weathered the pandemic better than others, and not just those that sold toilet paper and disinfectant spray. The elites of their industry didn't see the pandemic coming, per se, but they were better prepared when it arrived. Why?

Topics: General

COVID-19: A Guide to Getting Back to the Workplace

We’re still feeling the effects of COVID-19. It spans all aspects of our lives from how we shop to how we work. We are living in a changed world and thus, we have all been changed by it. There has never been a more pressing time for HR leaders to help employees adapt and cope.  

Topics: Faith-Based General

COVID Has Made Digital Transformation Technologies Essential

“The notion of a tipping point for technology adoption or digital disruption isn’t new, but the survey data suggest that the COVID-19 crisis is a tipping point of historic proportions—and that more changes will be required as the economic and human situation evolves.”

Topics: General