Finance Meets the Cloud Depending on the number, complexity and scope of your organization’s customer contracts, and your current ERP, the new rule may require significant investment (time, systems, auditors, consultants). To maximize efficiency, IT should be prepared to equip accountants with systems to gather and utilize the necessary information.
Finance Meets the Cloud In my last post, I discussed many of the key challenges in accounting for revenue under ASC 606. I also proposed the idea that an automated revenue recognition solution may be warranted for your organization, depending on the volume and complexity of your contracts with customers. Here's what you should be looking for.
Finance Meets the Cloud Here's a new five-step model that replaces over 150 pieces of existing guidance on how to recognize revenue and consistently applies the same approach across industries, eliminating specialized industry rules.
Opinion It sounds impressive when cloud vendor says they have 99.5% uptime. But does that really mean your application will be up and running 99.5% of the time? The short answer is no.
Finance Meets the Cloud Implementing a new ERP system is a full-contact sport. As the project lead, you need to deal with a new technology, competing priorities for scarce resources, multiple vendors and a very stressful environment. You need to be ready to deal with the unexpected, because you are the captain of a ship heading out into a stormy sea. Here are three great pieces of advice from three famous movie characters.
Finance Meets the Cloud With the introduction of software as a service, organizations need to understand and evaluate their options to account for their SaaS implementation expenses for both book and tax purposes. This blog post focuses on two major considerations for companies implementing a SaaS solution.
Finance Meets the Cloud When companies evaluate new systems, they often fall into the trap of creating a list of requirements based on how they work today, not on the outcomes that they want to achieve. Here's a look at three common pitfalls, with suggestions on how to avoid them.
Finance Meets the Cloud When I help companies select new finance and accounting systems, the conversation immediately turns to the size, roles and makeup of the implementation team. This blog post will cover various options for the role the CFO or VP of finance can and should play on the implementation team.
Finance Meets the Cloud Oracle announced on July 28th that it acquired NetSuite. What does this mean for companies that are looking to move their finance function into the cloud? What does it mean to companies currently on NetSuite? How will Oracle position its now five competing ERP products?