September, 2020

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How Do You Manage Cash Flow and Collections in Volatile Times?

Sage Intacct

Cash management is critical in this downturn. Investors want a 12 to 18-month runway before you raise again. How can you leverage automation and prevent a cash crunch?

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Best Practices for Kubernetes Cost Optimization

CloudZero

If cost optimization is your only reason for adopting Kubernetes and containers, you might be in for a rude surprise — many companies find that costs increase after moving to Kubernetes. Even companies who adopt Kubernetes for other reasons, like time-to-market advantages, should follow basic cost control best practices to stay within the budget.

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In a Not ‘Business As Usual’ Situation, Global Financial Investment Company Turns to AvidXchange to Automate Payments

AvidXchange

A few months back, the accounting manager at a global investment firm found his company in a not so “business as usual” situation. He says many of his employees had to start working remotely from their homes because of the health crisis. But the company still had to process payments and invoices. It had been considering automating this process instead of using paper, and the crisis sped up that decision.

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Shopping for a New Accounting Solution? Don’t Overlook Customer Support

FreshBooks

Customer support should be up there with the ability to send an invoice, according to Colin Hutzan, manager of support at FreshBooks. But then, he would say that. He’s obsessed with providing stellar customer support. It’s kind of a defining characteristic of all FreshBooks employees, actually. Everyone spends their first month working in customer support […] The post Shopping for a New Accounting Solution?

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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Do you have to know accounting to use Quickbooks?

Billah and Associates

Quickbooks is fantastic accounting software for small businesses. It provides you with a detailed record of your expenses, taxes, banking, employees, and much more. While it offers smart tools and a dashboard, it would help to know to account or hire someone for QuickBooks accounting services for a better presentation of your financial situation. Knowing to account can help you understand the information flow of your finances.

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Ep. 88: Karin Baggstrom - How Has COVID-19 Accelerated Business?

IMA's Count Me

Contact Karin Baggstrom: [link] STARZPLAY: [link] FULL EPISODE TRANSCRIPT Adam: (00:05) Hey everyone. Welcome back to Count Me In, I'm your host, Adam Larson, and I'm excited to bring you episode 88 of our series. Our expert guest for today's conversation is Karen Baggstrom. Karen is a Founder and CFO of Starz Play, the leading subscription video on demand service that streams to over 20 countries across Asia, middle East and North Africa.

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Keeping Clean with CloudZero Dashboard: Our Latest Updates

CloudZero

Here at CloudZero, we’ve made some updates to our dashboard that we’re excited to share with you!

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Henderson Association Management, LLC Cuts Payment Processing Time by 90% Using AvidXchange Strongroom

AvidXchange

Morgan Hay, an accounts payable (AP) clerk with Henderson Association Management, LLC, recalls her early days as an intern with the company. “What I remember was how labor intensive everything was,” she said. “We’d all be running around the office with printed invoices, trying to get approvals so we could cut checks. We would file everything to make sure that we had sufficient back-up.

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How Aprio Cloud became a leader in US-based cloud accounting with Dext

Dext

Atlanta-based firm Aprio Cloud serves a wide range of finance professionals and businesses with a modern and dynamic tech stack. They rely on cloud accounting tools such as Receipt Bank to support companies across the nation with everything from accounting and bookkeeping to investment planning and exit strategies.

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Another Rise in Construction Input Prices

NACM

Construction input prices rose once again in August by more than half of a percent, according to Associated Builders and Contractors, where Chief Economist Anirban Basu said inflation is "a bit hotter than anticipated."Based on the latest results from the U.S. Bureau of Labor Statistics' Producer Price Index, construction input prices and inputs to.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

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.

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Ep. 87: Jason Pierce - Where'd the money go? Auditing, Forensic Accounting, and Business Valuation

IMA's Count Me

Contact Jason Pierce: [link] About Jason Pierce: [link] Forensic Accounting Video, " Does my balance sheet balance?" : [link] FULL EPISODE TRANSCRIPT Adam: (00:00) Welcome back to episode 87 of Count Me In , IMA's podcast about all things affecting the accounting and finance world. This is your host Adam Larson, and I'm excited to introduce you to our featured guest, Jason Pierce.

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MemberClicks Reforecasts for COVID-19 in Just 2.5 Weeks with Sage Intacct Budgeting and Planning

Sage Intacct

When the COVID-19 pandemic upended financial forecasts for 2020 and beyond, MemberClicks was ready.

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Architectural decisions that impact Kubernetes costs

CloudZero

One of the mistakes organizations make related to Kubernetes costs is addressing them primarily after-the-fact, once the application is running successfully. There are certainly changes that can be made to improve efficiency once the application is running, but cost-control measures are best considered at the beginning, not middle or end, of the application lifecycle.

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Data and Machine Learning — Goldmine of Growth Opportunities in AP Automation

AvidXchange

When you think of important corporate assets, you might picture physical things such as office buildings, computers and printers. But there’s another different type of corporate asset that’s becoming increasingly valuable. In fact, it’s becoming — more than ever — a strategically crucial differentiator. It’s called data. This is great news for finance professionals.

AP 40
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The Definitive Guide to Spend Management

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.

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How Scrutton Bland pioneers modernity

Dext

Scrutton Bland dates back to 1919, when Alfred Scrutton and Francis Goodchild started the firm as young men in their twenties.

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August Housing Starts Decline Further Than Expected

NACM

Housing starts across the U.S. are down further than expected, yet there is a silver lining in the recently released data. Housing starts in August fell to 1.416 million, according to the Census Bureau and Department of Housing and Urban Development. This is down 5.1% from July but up 2.8% from August 2019. Economists polled by Reuters expected sta.

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Ep. 86: Mitchell Powell - Financial Performance Management

IMA's Count Me

Contact Mitchell Powell: [link] FULL EPISODE TRANSCRIPT Mitch: (00:05) Hello and welcome back for episode 86 of Count Me In on your host Mitch Roshong and I'm happy to bring you another engaging conversation on this accounting and finance podcast. Today's guest, Mitchell Powell, joins my cohost Adam to talk about financial performance management. Mitchell is the CFO at HJ Russell company, construction services, business, specializing in construction program management and property management.

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Big Firms are Pyramid Schemes ?

Cloud Accounting Podcast

Sponsors ADP Marketplace: [link] ClockShark: [link] BQE CORE: [link] Show Notes 04:46 – Turns out, the people who work at Facebook are fighting just as much as the rest of us – Marketplace Tech 11:01 – We've got. VOICEMAIL! 15:26 – A new internet domain for the CPA profession: cpa – Journal of Accountancy AICPA opens up applications for.cpa domains – Accounting Today 20:00 – Arizona First State to OK Nonlawyer Ownership of Law Firms (2) – Bloomberg Law 23:18 – Time & Budgets – Karb

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

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.

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Understanding the Complete Cloud Cost of Kubernetes

CloudZero

When organizations think about the relationship between Kubernetes and cloud costs, they often focus on Kubernetes’ auto-scaling capabilities and what this means for optimizing compute resources. Kubernetes does allow organizations to provision compute resources more thinly, because the platform allows them to scale up automatically if there’s a demand spike in the middle of the night.

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Where CFOs Might Spend More Time: How About Strategy, Automation and Data Analytics?

AvidXchange

You now have a unique opportunity as a chief financial officer (CFO) to rebuild your business and accelerate growth by making adjustments to financing, strategy, cash flow and technology use. But where should you focus most of your attention? To help you make this decision, consider this big picture perspective from an Accenture survey summarized in a report titled Accenture CFO Research Global.

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AvidXchange Helps Hotel Operator Save 37 Hours Each Week, Cut Processing Time by 80 Percent

AvidXchange

“Within a four-month period back in late 2014, we doubled in size,” says Brian Murphy, Director of J.D. Edwards Business Services at Island Hospitality. “Our accounts payable (AP) department, already bogged down by time-consuming, manual tasks, was overloaded by the sheer number of additional invoices. We needed a transformation.” Island Hospitality is one of the largest independent hotel operators in the United States, overseeing 170 properties with ties to international brands such as Hilton,

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5 Smart Steps To AP Automation Success

AvidXchange

As a finance professional, you may believe your company needs to invest in AP automation processes. But you may not be sure how to make this happen smoothly and effectively. Here are five smart steps to help you achieve this goal: Step One: Identify your objective Before you do anything else, you want to identify your specific objectives in making the digital transition.

AP 40
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Putting the ‘Tech’ in Spend Management Techniques

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!

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Dodge Momentum Index Improves for Second Straight Month

NACM

A construction spending indicator reports a potential increase in outlays as the U.S. economy continues to recover from earlier shutdowns. The Dodge Momentum Index, which measures the initial report of nonresidential building projects in planning, increased 1.8% in August, according to Dodge Data & Analytics."The August increase in the overall.

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Construction Spending Increases Slower Than Expected

NACM

Total construction spending remained relatively unchanged for the month of July; however, the slight increase was less than expected. Spending inched forward 0.1% in July, according to the U.S. Census Bureau. The seasonally adjusted annual rate of $1,364.6 billion is also 0.1% below July 2019.

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Some Not So Good News Mixed in with the Better

NACM

How is that for classic economic equivocation? You know the mantra by now, never assert you know anything for sure other than the past. Even then, be sure to keep your options open. The reality is that there are rarely moments when one can assert that a $20 trillion-dollar economy is either all good or all bad.Even in the darkest days of the l.

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BONUS | Sangeeta Shankaran Sumesh - Women in Finance

IMA's Count Me

Contact Sangeeta Sumesh: [link] Sangeeta's Website: [link] "What the Finance" Book: [link] FULL EPISODE TRANSCRIPT Adam: (00:00) Welcome back to Count Me In. IMA's podcast about all things affecting the accounting and finance world. This is Adam Larson, and I'm your host who will be introducing you to our bonus episode's guest speaker, Sangeeta Shankaran Sumesh.

Tax 40
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Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

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!

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Ep. 89: Mai Luu - Alternatives to Venture Capital for Small Businesses

IMA's Count Me

Contact Mai Luu: [link] "Small Business Planning During COVID-19": [link] FULL EPISODE TRANSCRIPT Mitch: (00:05) Thanks for coming back for another episode of Count Me In this is your host Mitch Roshong, and I'm here to bring you episode 89 of our series. We all know small to medium sized enterprises are a huge part of our management accounting profession, and COVID-19 has greatly affected the way these businesses are run along with the economy as a whole.

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New Home Sales Hit 14-Year High

NACM

New single-family homes in the U.S. are flying off the market, soaring to a 14-year high, according to the Census Bureau and the Department of Housing and Urban Development. Sales reached a seasonally adjusted annual rate of 1.011 million in August, which is 4.8% higher than July and 43.2% above August 2019.Economists predicted sales would decline.

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Employers Take Hard Pass on Trump Tax Deferral

Cloud Accounting Podcast

Sponsors ADP Marketplace: [link] ClockShark: [link] BQE CORE: [link] Show Notes 05:46 – Melio Raises $144M to keep Small Businesses in Business by Simplifying their B2B Payments – Silicon Valley Daily Melio Payments: Out of stealth with $144 million – Bessemer Venture Partners 06:53 – Is Working Remotely the Future of Finance? – CFO 07:41 – Auditors Struggle to Access Data, Count Inventory During Remote Work – Wall Street Journal 07:47 – 8 things to know about the audit evidence st

Tax 40
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Employers Responsible for Trump Payroll Tax Deferral

Cloud Accounting Podcast

Sponsors Accountant Connect: [link] A2X: [link] Scott's Add-Ins: [link] Show Notes 03:29 – IRS says companies are responsible for deferred payroll taxes – Accounting Today IRS guidelines put employers on the hook for Trump's payroll tax break – CNBC 05:33 – White House dissatisfaction slows IRS payroll tax guidance – Accounting Today 08:18 – Postal Service’s $522M in Overtime Costs Questioned – CFO 10:13 – Crisis At The Post Office – NPR Planet Money What A Piece Of Work Is Th

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Book of Secrets for the Month-End Close

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.