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AcctTwo Blog

What’s New in the Winter 2018 Release of Sage Intacct's SaaS Platform?

I’m excited to share that Sage Intacct has just launched the latest version of our award-winning cloud financial management software—Sage Intacct 2018 Release 4.

Complexity in our modern world is everywhere. Some might argue that Accounting and Finance have more than their fair share of it. We love simplicity, but we don’t want to be restricted. Sage Intacct was built to take the hard-to-do nature of accounting and make it simple. Over time, we’ve added capabilities to make it comprehensive, auditable and scalable.

Topics: Accounting Accounting SaaS Managed Accounting Services (MAS) Intacct Releases cloud accounting Release Winter Release 2018

The State of Finance and Accounting Outsourcing

With new tax laws hitting the books, trade relationships evolving, and both uncertainty and optimism on the rise, it’s not surprising that accounting is changing. Companies understand that a high performing accounting function is both a strategic advantage and a competitive requirement. And, increasingly, they are looking for ways to improve accounting processes and outcomes without inflating cost or complexity.

A new survey from the Shared Services and Outsourcing Network (SSON) suggests that in-house accounting departments are transforming rapidly. Rather than handling every responsibility on their own, they are relying on third-party support or Managed Accounting Services (MAS) to meet more of their accounting goals.

Topics: Managed Accounting Services (MAS) F&A outsourcing BPaaS business process outsourcing

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)

Payroll Trends Impacting Accounting Professionals

Running payroll is like mowing the lawn: It’s something every business must do regularly, but no business enjoys. And, like lawn-care, neglecting small details can lead to big problems.

This is one business obligation that is overdue for innovation and disruption. Thankfully, advances in technology combined with new service models are transforming payroll processing. 

Better still, this transformation isn’t limited to larger organizations. Accounting departments at small and mid-sized enterprises are enjoying the benefits while saving time, money, and frustration in the process. A new-generation of payroll processing has arrived. These are its most impressive improvements:

Topics: Payroll and Human Resources Managed Accounting Services (MAS) F&A outsourcing

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 pour dozens of hours into issuing checks, recording invoices and other basic obligations. Everything else, especially financial and compliance accounting, is sent off to 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: Managed Accounting Services (MAS) cloud accounting

Divestment Trends Support the Need for Managed Accounting Services

Everyone acknowledges this is a disruptive time for businesses. But it's still surprising that, according to a recent survey by Ernst & Young, up to 87% of companies plan to divest or carve out a division or business unit by 2020. Last year only 43% of businesses reported divestment plans.

The demands of rapidly evolving industries are requiring companies to be agile and flexible in order to be competitive.  But while spinning off a subsidiary may help the core company to become leaner, it leaves the company newly carved out in a precarious position.

Topics: Divestment Managed Accounting Services (MAS)

The Industry is Evolving to Embrace Managed Accounting Services

The definition of "accountant" is different today than it has been at any other time in history. Traditionally, these professionals were labeled as bean counters and number crunchers. The work they performed was essential, but it did not rise above the level of administration.

Topics: Managed Accounting Services (MAS) FAO bpo

The Evolving Accounting Profession – Predictions for 10 Years Down the Road

The accounting field is dynamic by nature. But it's also bound by traditions, obligations, and regulations. As a result, the pace of change in accounting has been historically slow. Until recently.

A confluence of forces ranging from new technologies to new opportunities and risks is transforming the field at a breakneck pace. The promise and potential of accounting is greater than ever before. But so is the complexity and consequence.

The companies that hope to take advantage of these shifts must be aware of what is coming next. Here are some predictions for the near future from industry experts:

Topics: Accounting Informational CPA Finance Automation technology Managed Accounting Services (MAS)