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AcctTwo Blog

SaaS Accounting: Technology Is Great, but It's Nothing Without the Right People

It's next to impossible to overstate how much technology has (and will) change the face of business. But what is just as remarkable is how crucial the human element remains in offices around the world.

Advances in automation, big data, machine learning, and sophisticated analytics promise to make the impossible accessible. What these technologies will not replace, however, is highly-trained professionals with extensive experience and expertise in SaaS accounting.

Topics: FAO bpo BPaaS Managed Accounting Services (MAS)

Future of Finance & Accounting Infographic

At AcctTwo, we are consumed by answering questions about the future with and for you. We see a future that improves Visibility, Controls, Efficiency, Agility, Compliance, Professional Development, and Quality of Life. Last year we wrote a blog post on the topic:

Topics: outsourced accounting Managed Accounting Services (MAS) The Future of Finance and Accounting

Focusing on the Big Picture in a Startup Environment

Running a startup is hard. It is your baby and you give your mind, body, and soul over to it. Yet while you started with a focus on the big picture, it is easy to get lost in the weeds very quickly. At AcctTwo, we understand your headspace not only because we were a start-up ourselves, but because we work with start-ups everyday.

Topics: SaaS Managed Accounting Services (MAS) Strategy Finance Transformation

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: Intacct Releases cloud accounting Accounting Managed Accounting Services (MAS) Accounting SaaS 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: business process outsourcing F&A outsourcing BPaaS Managed Accounting Services (MAS)

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

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

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

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

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: cloud accounting Managed Accounting Services (MAS)