Ascend Software blog

AUGUST 17, 2021

Your costs are… costly. It’s interesting to consider that the function of processing and paying invoices has significant costs associated with it. Maybe “interesting” is the wrong word. Below we examine the differences between PO-matched invoices and non-PO invoices and how their processing costs affect an organization. If you want to learn about all six processes and issues that cause exponential increases in AP costs and how to avoid them, read our free report, Overpaying to Pay Invoices.

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CloudZero

AUGUST 23, 2021

The market for Software-as-a-Service (SaaS) continues to grow exponentially. But more SaaS companies are reporting lower margins these days, despite historically enjoying 60-90% margins on average.

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SMB Accounting and Consulting

AUGUST 30, 2021

When applying for government contracts, it’s important to understand the types of contract options that are available to you. Each type of contract carries its own risks and opportunities and can help you make decisions when compiling your proposal. Project managers should work closely with their team to manage resources, track the project’s performance to budget, and communicate with the accounting department to review billing rates to make sure the contract remains profitable.

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IPS

AUGUST 4, 2021

One of the most common questions I'm asked by accounts payable professionals is: "How long should it take my department to process an invoice?".

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Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Accounting

Dext

AUGUST 30, 2021

Ad Valorem is a leading, proactive accountancy business managing clients from start-up to 20m turnover. As a family business with family values, Ad Valorem support and understand other family businesses to achieve their goals.

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Oversight

AUGUST 30, 2021

Benchmarking your risk and capacity to address it are critical first steps in tackling cost control. Over the past 12 months, we have seen a dramatic rise in problem transactions (44% of Accounts Payable have been identified as problematic). Since 2019, cash leakage has risen over $8 Million which causes the cost of recovery to increase.

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CloudZero

AUGUST 20, 2021

Your organization may be among the 68% that is increasing container adoption. Or you might be among the 32% that are yet to decide. Either way, containers are a big deal today. The 2021 Kubernetes Adoption Survey revealed a majority of organizations will implement the technology for their biggest tech challenges today.

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AvidXchange

AUGUST 24, 2021

Your company may be ready to shift to accounts payable (AP) automation. But mistakes could be made along the way. What are those stumbling blocks and how can your company avoid them to make this transition a success? Here’s a list of five common mistakes, advice on how to dodge them and a collection of questions to test the knowledge you gain along the way: The post POP QUIZ: Can You Avoid These 5 AP Mistakes?

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MediRevv

AUGUST 20, 2021

Patient accounting system conversions can be complex, confusing, and costly, even when they're done "right." The truth is that even the simplest conversion can create huge financial burdens if not executed with care and specific goals in mind. Conversions can involve multiple departments, tight deadlines, training teams, and overcoming a huge learning curve.

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Bookkeeping Side Hustle

AUGUST 19, 2021

Become a Certified FreshBooks Accounting Partner The links in this article to sign up for the FreshBooks Accounting Partner program are tracking links (not paid) so FreshBooks can assess how many people are coming from the Bookkeeping Side Hustle Community. Click here to become a Certified FreshBooks Accounting Partner Learn how you can get your free FreshBooks Accounting Partner certification and serve clients on FreshBooks.

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Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

Brigade

AUGUST 18, 2021

Will the success of your company continue once current managing partners are no longer the leaders? It is a question of tremendous importance that too often gets put on the back burner. But, the worst-case scenario is avoidable. Here are the reasons why your firm should move succession planning to the front burner.

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XY Bean Counters

AUGUST 3, 2021

5 MIN READ As we begin to slowly emerge from the pandemic, business owners and clients alike will need time to re-adjust. There is a mutual sense of urgency to return to normalcy and recover from the long and difficult period that we have all experienced. The professional world may never be the same; rebounding and finding a sustainable long-term action plan will be no easy task.

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CloudZero

AUGUST 18, 2021

According to AWS, “Creating a software system is a lot like constructing a building. If the foundation is not solid, structural problems can undermine the integrity and function of the building.”.

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AvidXchange

AUGUST 23, 2021

This just in, finance professionals: You’ve entered a different world. You’re facing an ongoing wave of new technology to learn about, understand and use effectively. You have great opportunities to develop new skills to drive business growth and competitive differentiation. However, this requires a new way of thinking about technology and business.

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The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.

AP

Dext

AUGUST 17, 2021

About Harvest Accounting Harvest Accounting (Harvest) is a digital-first accounting firm that was founded in 2018 with a goal to help small businesses succeed.

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Bookkeeping Side Hustle

AUGUST 16, 2021

Review of the Fast and Easy QBO ProAdvisor courses from Margie Remmers-Davis This post may contain affiliate links for your convenience. This means that if you make a purchase using our link, we’ll receive compensation at no additional cost to you. Margie Remmers-Davis has two courses to help you with your QuickBooks ProAdvisor Certifications. Get help with the QuickBooks Online ProAdvisor BASIC certification Get help with the QuickBooks Online ProAdvisor ADVANCED certification Email me at book

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Brigade

AUGUST 8, 2021

Professional service firms have unique bookkeeping and accounting concerns. Law firms, in particular, need specialized assistance to ensure the firm’s financial management practices do not cause any ethics violations.

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XY Bean Counters

AUGUST 3, 2021

5 MIN READ As we begin to slowly emerge from the pandemic, business owners and clients alike will need time to re-adjust. There is a mutual sense of urgency to return to normalcy and recover from the long and difficult period that we have all experienced. The professional world may never be the same; rebounding and finding a sustainable long-term action plan will be no easy task.

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Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

CloudZero

AUGUST 16, 2021

Like any SaaS organization, CloudZero cares about our COGS , margin, and unit cost. As you can imagine, we have a fair amount of insight into how those numbers are changing every day thanks to being “customer zero” on our cloud cost intelligence platform.

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AvidXchange

AUGUST 5, 2021

In one of the more important discoveries during the pandemic, workers have been more productive working from home than they were working in corporate offices before the crisis began. This revelation was something experts resoundingly agreed upon during AvidXchange’s recent REVx on the Road event in Houston, Texas. “Without a doubt, our company has been more productive since work-from-home began because of the pandemic,” said Joe DeDominicis, CFO and CTO of NRL Mortgage.

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IPS

AUGUST 26, 2021

Is your AP automation solution falling short on expectations? If you are nodding your head, you are not alone.

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IMA's Count Me

AUGUST 29, 2021

IMA Website: [link] About the CMA Certification: [link] For nearly 50 years, the CMA® (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals. Why? Because CMAs can explain the "why" behind numbers, not just the "what." And that can give you greater credibility, higher earning potential, and ultimately a seat at the leadership table.

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Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

Accounting

Brigade

AUGUST 23, 2021

Does your business have a development pipeline? That can be a tough nut to crack when your company exists on billable activities.

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Cloud Accounting Podcast

AUGUST 26, 2021

Sponsors Rewind: [link] AFO Wealth Management Forward: [link] Client Hub: [link] Show Notes 1:40 – We’ve hit the big time! We’re 2,034 out of all podcasts in the universe! 2:05 – An Exclusive Guide to America's Top Private Companies [link] 4:00 – TikToker Shares How She Spent Millions of Dollars for Alabama Sorority at 19 [link] 10:45 – Why this New York designer loves doing her own bookkeeping [link] 14:36 – These People Who Work From Home Have a Secret: They Have Two Jobs [link] 16:

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CloudZero

AUGUST 13, 2021

The cloud computing space is constantly evolving — a fact that can sometimes set the stage for inconsistencies and confusion around both industry terminology and best practices. Cloud agnostic is one of those confusing terms, as is cloud native. But with the number of cloud agnostic and cloud native applications growing, it’s important to set the record straight.

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MediRevv

AUGUST 20, 2021

What do successful, future-focused organizations all have in common? They are excellent at embracing change. As many of us witnessed during the pandemic – from restaurants to healthcare providers – the ability to adapt to meet consumer needs and perform well financially is critical. So, let’s talk patient accounting systems and your revenue cycle strategy.

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All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!

Accounting

AvidXchange

AUGUST 17, 2021

While there’s plenty of momentum toward automating accounts payable (AP) processes, the reality is that a large number of businesses are stilling paying with paper checks. During the recent REVx on the Road event with finance leaders from the Denver area, this became abundantly clear. A few stop-in-your-tracks stats from a Goldman Sachs research report were shared with the panel of finance pros.

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IMA's Count Me

AUGUST 22, 2021

Contact Demetrios Frangiskatos: [link] Demetrios at BDO: [link] FULL EPISODE TRANSCRIPT Mitch (00:06): Welcome back to Count Me In , IMA's podcast about all things affecting the accounting and finance world. I'm your host Mitch Roshong and this is episode 137 of our series. Today's conversation is between my co-host Adam and the co-leader of BDOs SPAC assurance practice, Demetrios Frangiskatos.

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Dext

AUGUST 13, 2021

In this case study, you’ll see how Simplefficient Bookkeeping reduced time spent on data entry by 50% with Dext Commerce. About the firm Simplefficient Bookkeeping Limited’s founder Steph Jones has worked tirelessly to become the responsive resource that her portfolio of clients depends on when handling their financial affairs.

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Cloud Accounting Podcast

AUGUST 11, 2021

Sponsors CPA Charge: [link] AFO Wealth Management Forward: [link] Client Hub: [link] Show Notes 3:00 – Risk Assessment and COVID 10:30 – Square to Buy Installment Lender Afterpay for $29B [link] 19:21 – Rootworks Acquires CPA Practice Advisor [link] 19:36 – Right Networks Acquires Rootworks [link] 20:57 – Windows 365 costs how much!? [link] More Microsoft News: Microsoft's new collaboration tool wants to replace Google Workspace for good [link] 4 Must-Know Features of Project Moc

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Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.