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AcctTwo Blog

The Role and Expectations of the CFO in the Pandemic

Marcus Wagner, AcctTwo’s Founder & CEO, discusses the harsh reality of doing business during the COVID-19 pandemic on Financial Executives International’s (FEI) website. The role and expectations of CFOs and finance teams is changing as they face immeasurable challenges and make tough decisions. “The COVID-19 pandemic and its associated economic impact brought a wave of unforeseen challenges to company financial leaders, forcing many to make difficult and strategic decisions in order to remain in operation as businesses around them shuttered.”

Topics: outsourced accounting outsourced finance and accounting Finance Transformation Digital Transformation General

Ephor Group Chairman Garry Meier Talks About Lessons Learned in the New Economy for SMBs

Ephor Group Chairman Garry Meier Talks About Lessons Learned in the New Economy for SMBs, AcctTwo CEO Marcus Wagner talks about business process outsourcing for SMBs, Intacct Channel Executive Peyton Burch talks about the benefits of Intacct's on-demand accounting and financial management system.

Topics: Blog middle market shared services back office management reporting FAO information systems Intacct Professional Services Industry CFO F&A outsourcing SaaS Outsourcing accounting outsourcing Intacct Media Coverage Software as a service controller outsourced finance and accounting internal controls Cloud computing outsourced back office Videos Accounting compliance bookkeeping

Size Doesn't Matter

I've had many conversations with people about business process outsourcing (BPO) and finance and accounting outsourcing (FAO), and whether a company is either too big or too small for outsourcing to make sense. Some people take the position that smaller companies should outsource, but will get to a certain point where they should really bring their accounting function in-house.

Topics: Blog outsourced accounting middle market shared services back office FAO CFO F&A outsourcing Outsourcing accounting outsourcing controller outsourced finance and accounting outsourced back office Accounting Featured Posts bookkeeping

Here's a Head-Scratcher - The Value of Audited Financial Statements

I met with a banker yesterday from one of the top 3 big national banks. We were introducing him to AcctTwo and our business process outsourcing services for small and medium-sized companies. We thought he would appreciate knowing that his clients could use AcctTwo to generate more timely and accurate financial and management reports, and his bank would get their required financial statements and borrowing base covenant calculations much faster.

Topics: Blog outsourced accounting shared services back office management reporting Fraud FAO CFO Taxes F&A outsourcing Outsourcing accounting outsourcing controller outsourced finance and accounting outsourced back office Audit and Internal Controls Accounting bookkeeping

What Is The Total Cost of Ownership of Your Finance and Accounting Function?

A few weeks ago I wrote a post about the total cost of ownership of your accounting software. As I pointed out, there are many more hidden costs of owning and operating your own enterprise accounting software than many people realize. If you haven't read that post, you might want to read it first, as this post builds on the concepts already introduced there. This post discusses the total cost of ownership of the entire finance and accounting function, including the enterprise accounting software and all the other costs.

Topics: Blog outsourced accounting accounting software shared services back office FAO Software Total Cost of Ownership (TCO) CFO F&A outsourcing Outsourcing accounting outsourcing Software Evaluation controller outsourced finance and accounting outsourced back office Accounting Featured Posts bookkeeping total cost of ownership

Operating in the Fog

One thing about living in Southeast Texas is that you never have to worry about having the same type of weather pattern between October and April. It can be sunny and 80 degrees one day and 45 degrees with a nasty north wind the next day. You never really know what you can expect, so you need to rely on the weatherman or weather sites to help you prepare for the coming days.

Topics: Blog outsourced accounting middle market accounting software shared services back office management reporting FAO Business Intelligence / Analytics CFO F&A outsourcing Outsourcing accounting outsourcing Software Evaluation controller outsourced finance and accounting outsourced back office Accounting bookkeeping