June, 2020

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Scenario Planning with Confidence - SaaS Finance Peers & VCs Share Tips

Sage Intacct

Sage Intacct and Next Series Club, a top SaaS finance community group, brought together Great Lakes finance experts to talk about what’s really working for them now. They shared their insights on “what-if” scenario planning and managing investors in uncertain times. Watch the panel session here.

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New Work Environment? No Worries. Here are 5 Tips to Help Your Team Adjust

AvidXchange

In a flash, we were working from home. Now, many of us are returning to offices that likely look and feel much different than they did when we left them. Whether still working from home or phasing back to the office, adjusting to new ways of working can create anxiety and stress at a time when we need less worry and more balance. Now, more than ever, it’s important that we check in with our teams.

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Tagging 101: Basics & How to Implement a Comprehensive Strategy

CloudZero

As cloud environments grow and evolve more rapidly than ever, and with new cloud services emerging every day, achieving and maintaining a high level of organization across hundreds of resources and global teams can seem like a daunting task. However, it’s not impossible, and can be done through tagging. This post will cover the fundamentals of tags, as well as a comprehensive roadmap to developing a tagging strategy.

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Ep. 75: Shifra Kolsky - The Effective Roll Out of RPA Implementation

IMA's Count Me

Contact Shifra: [link] FULL EPISODE TRANSCRIPT Adam: (00:05) Hi, everyone. Welcome back for episode 75 of Count Me In, IMA's podcast about all things affecting the accounting and finance world. I'm your host, Adam Larson, and I'm pleased to introduce you to our featured expert speaker, Shifra Kolsky. Shifra is the Vice President and Assistant Controller and Finance at Discover she is responsible for external reporting, the SOX compliance program, accounting policy, corporate accounting and finan

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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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How to find a trusted bookkeeper for my startup company?

Billah and Associates

New business startups face a lot of challenges in their initial stages. One of the primary issues they deal with is bookkeeping and accounting. Without a professional bookkeeper, the financial recording is haphazard. Mismanagement of transaction data and financial records leads to losses that businesses can’t overcome. Fortunately, bookkeeping services for small businesses are now available to provide startups with the right guidance in accounting and recording transactions.

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A Shift in Resilience Eases Credit Departments into Digital Era during Pandemic

NACM

Credit departments' shift from paper checks to digital payment platforms was underway well before COVID-19, but according to several experts, the pandemic is accelerating this transition. Diana Eagen and Frank Cook, of document automation and order management software solutions company Esker, said the current economic climate continues to ease.

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How Automation Supports Supplier Payments During Times of Crisis

AvidXchange

As businesses continue to grasp this new normal, adapting to operating remotely has brought to light the inefficiency of many back-office processes that are easily disrupted when a quick shift is required. Among those inefficiencies is the need to make on-time payments to suppliers, an even more critical responsibility during times of uncertainty when cash flow visibility is paramount.

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Ep. 73 - Mazars USA: CARES Act, PPP, and Business Planning

IMA's Count Me

Mazars USA Links: [link] [link] [link] [link] [link] [link] [link] Contact Our Featured Speakers: Alisha Jernack - [link] John Confrey - [link] Ryan Vaughan - [link] FULL EPISODE TRANSCRIPT Adam: (00:05) Welcome back for episode 73 of Count Me In, IMA’s podcast about all things affecting the accounting and finance world. I am your host, Adam Larson, and I'm happy to share this very timely conversation held by my cohost Mitch and a small panel from Mazars Business Advisory.

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Ep. 72: Marwan Al Suwaidi - Khalifa Fund Supporting Small- to Mid-Sized Enterprises

IMA's Count Me

Contact Marwan: [link] Khalifa Fund for Enterprise Development: [link] Khalifa Fund Mission: "To raise Entrepreneurs and SMEs efficiency by building capabilities, unlocking financing and service options, integration with different stakeholders and advocating the entrepreneurial culture." FULL EPISODE TRANSCRIPT Mitch: (00:05) Welcome back for episode 72 of Count Me In, IMA’s podcast about all things affecting the accounting and finance world.

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Tips from Cybersecurity Expert Frank Abagnale to Fortify Your Fraud Defense [On-Demand Webinar]

AvidXchange

These are trying times and scammers are upping their game to take full advantage. According to cybersecurity expert and subject of Catch Me if You Can , Frank Abagnale , we’re living in a fraudsters’ paradise. “People are home working on computers. It’s a dream come true for fraudsters,” says Abagnale. “They are always looking for weak spots and we’ve given it to them.

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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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New York Companies Allegedly Threaten Customers with Legal Action, Violence to Get Loans Paid

NACM

Working hard to collect payments from customers is challenging, but credit professionals know it's important remain exactly that: professional. However, not everyone follows the rules as was the case with three companies and their owners and managers who allegedly "cheated small businesses in New York and across the country out of millions of dolla.

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Housing Starts See Modest Rebound in May

NACM

U.S. housing starts have started to rebound; however, they are still well below the data from a year ago. Housing starts increased 4.3% in May, according to this week's announcement from the Census Bureau and Department of Housing and Urban Development. Yet, this is 23.2% below May 2019. Housing starts were at a seasonally adjusted rate of 974,000.

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ABC Economist Suggests Construction Industry Focus on 'Broader Trends' Due to 'Erratic' Input Prices

NACM

Construction input prices have yet to establish a trend over the past few months, despite a slight increase in May. Although prices rose 0.8% last month, Associated Builders and Contractors (ABC) Chief Economist Anirban Basu said U.S. construction firms should focus their attention to "broader trends" given the current economic climate.According to.

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Import Prices Rebound After Historic Fall

NACM

A month after their worst fall in more than five years, import prices have rebounded to their best month in over a year. U.S. imports increased 1% in May, according to a release from the Bureau of Labor Statistics. Much of the increase is due to the large jump in fuel import prices, which shot up 20.5% in May. That was the largest increase since th.

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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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Construction Sees Largest Monthly Job Increase in More Than 80 Years

NACM

The construction industry featured its latest accomplishment in May, adding 464,000 net new jobs—the largest monthly increase in more than 80 years, according to Associated Builders and Contractors (ABC). Although there were fewer jobs in May compared to the prior year, nonresidential construction employment added 237,000 net new jobs last month af.

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April Construction Spending Slips; Better than Expected

NACM

Construction spending is still being impacted by COVID-19; however, outlays fell slightly lower than expected in April. Despite the better-than-expected fall, April's 2.9% drop was the worst since October 2018, according to Reuters. However, spending in April was 3% higher than April 2019, according to a release from the Census Bureau. Construction.

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Google Warns of Ongoing Online Scams

NACM

As the coronavirus pandemic continues, so do online scams. Last week, Google warned the public of the ongoing battle against phishing attacks, some often involving fraudsters stealing confidential data as well as tricking those into believing they will receive financial relief.According to Google security experts, cybercriminals have been quite act.

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Ep. 74: Karim Ghandour - The Effects of COVID-19 on Family Businesses

IMA's Count Me

FULL EPISODE TRANSCRIPT Adam: (00:05) And we are back with episode 74 of Count Me In. IMA's podcast about all things affecting the accounting and finance world. I am your host, Adam Larson, and I'll be introducing you to our featured guests, Karim Ghandour. Karim is a succession strategist and the founder of Legacy Line Family Office. He joined my cohost Rouba to talk about the challenges that family businesses are facing during COVID-19 pandemic.

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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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Ep. 70: Vidal Espinosa - Everyone is Broke! They Just Don't Know it Yet.

IMA's Count Me

Contact Vidal Espinosa: [link] Invictus Advisors: [link] FULL EPISODE TRANSCRIPT Mitch: (00:05) 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 I am here with the 70th episode of our series. Our guest for today's conversation is Vidal Espinosa, the principal partner and CFO of Invictus Advisors.

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New Home Sales Exceed Projections in May

NACM

New single-family home sales in the U.S. are on the rise. According to the Census Bureau and Department of Housing and Urban Development, sales increased 16.6% in May to a seasonally adjusted annual rate of 676,000. This is better than expected as MarketWatch reported analysts predicted a rate of 650,000, and Reuters' economists forecasted sales wo.

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Ep. 71: Jeremy Behler - Leading for Innovation and Change

IMA's Count Me

Contact Jeremy: [link] FULL EPISODE TRANSCRIPT Mitch: (00:00) Welcome back for episode 71 of Count Me In IMA's podcast about all things affecting the accounting and finance world. I'm your host Mitch Roshong and I will be previewing our conversation between my cohost, Adam and Jeremy Belhar, the CFO at Sargento foods. In this episode, Jeremy discusses the importance of leadership when seeking to innovate and facilitate change.

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Earnings Before Interest, Taxes, Depreciation, Amortization, and Coronavirus

Cloud Accounting Podcast

Sponsors Bill.com: [link] Jirav: [link] Justworks: [link] Links COVID Recovery Tracker COUNTY-BY-COUNTY TRACKER FOR DAY-BY-DAY TRACKING [link] Show Notes 07:56 – House Passes PPP Loan Forgiveness Bill, Treasury Issues Harsh Forgiveness Regulations—What You Need To Know – Forbes 10:52 – Relief Aid Stalls With Small Businesses Returning Loans Unused – Bloomberg Tax 11:35 – Overwhelming majority of publicly traded firms have not returned small business loans: review – The Hill 12:21 – SEC Is Sc

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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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Is the U.S. Tax Code Racist?

Cloud Accounting Podcast

Sponsors Liscio: [link] OnPay: [link] PayPie: [link] Show Notes 06:15 - What Impact Did the TCJA Have on Homeowners? - AccountingWEB 06:57 - Racial Disparities and the Income Tax System – Tax Policy Center 09:07 - [OC] People Killed by Police Forces (Annual rate per 10 million people) - Reddit 11:28 - Police Unions And Civilian Deaths - NPR 12:41 - The Illusion of Race-Neutral Tax Policy - ITEP 13:41 - Executive at top U.S. accounting firm details plan to combat racism, says workers 'w

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PPP loans over $150,000 to be made public

Cloud Accounting Podcast

Sponsors Bill.com: [link] Synder: [link] Relay Financial: [link] Show Notes 06:22 – U.S. Treasury, SBA to disclose names of most businesses taking PPP loans - CNBC 08:06 – Members of Congress took small-business loans — and the full extent is unknown - POLITICO 08:21 – More on Rubio's flip-flopping record from last week's episode 11:19 – Charter Schools, Some With Billionaire Benefactors, Tap Coronavirus Relief - The New York Times 12:54 – SBA and Treasury streamline PPP loan forgiveness appl

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Wave Makes Waves by Becoming a Bank

Cloud Accounting Podcast

Sponsors Accountant Connect: [link] Melio Payments: [link] PayPie: [link] Show Notes 05:06 – Wave expands into banking with new small business account and debit card - BetaKit Wave Money is a new no fee bookkeeping solution aimed at small business users - TechRadar 07:39 – QuickBooks Online new features and improvements - March 2020 - Firm of the Future 09:05 – Banking App Lili Raises $10M In Seed Funding - PYMNTS.com 09:29 – Challenger bank Varo, soon to become a real bank, raises $241M