How IT can help your accounting function prepare for rev rec

How IT can help your accounting function prepare for rev rec

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...

Can your rev rec software support these complex challenges?

Can your rev rec software support these complex challenges?

A look at some of the more complicated aspects of ASC 606 that your software should ideally accommodate.

What to look for in a tech solution for revenue recognition

What to look for in a tech solution for revenue recognition

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...

3 ways that revenue recognition will impact IT

3 ways that revenue recognition will impact IT

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.

Your ERP project can be improved by... ’80s movie quotes?

Your ERP project can be improved by... ’80s movie quotes?

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...

Can I capitalize my system implementation or get tax advantages?

Can I capitalize my system implementation or get tax advantages?

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...

Should I judge a system based on requirements or outcomes?

Should I judge a system based on requirements or outcomes?

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...

What role should the CFO play in a system implementation?

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...

Oracle buys NetSuite: What does this mean?

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...

The role of the BHAG

In previous posts, we discussed the importance of balancing the current capabilities of cloud-based finance and accounting systems against future requirements. In this post, we will explore the role 'big hairy audacious goals' should...

What kind of ERP solution do you seek, Mr. Right or Mr. Right Now?

When evaluating a new ERP system, companies have a hard choice to make. Do you they want something that can satisfy their needs best right now or are they looking for solutions that will grow with them long term and meet needs that...

Top 3 reasons CFOs migrate to a cloud-based accounting system

Top 3 reasons CFOs migrate to a cloud-based accounting system

Over the past few years, there has been a massive increase in the adoption of software-as-a-service and cloud-based accounting systems. Organizations large and small are exploring the cloud and its many advantages, but what started...

The 31 fantastic flavors of cloud-accounting applications

The 31 fantastic flavors of cloud-accounting applications

So you have made the decision to migrate to a new cloud-accounting solution, congrats! You now need to determine which solution is the right product for your organization. Before you begin looking at the products, you need to...

The 'fog' of war and cloud implementations

The 'fog' of war and cloud implementations

There are many benefits of cloud-based accounting systems. After you've selected a new application you then begin the process of implementing the new solution. In order for your project to be successful, you will need to have a...

The case for moving to a cloud-based accounting system - the operations perspective

The case for moving to a cloud-based accounting system - the operations perspective

Are your accounting systems no longer meeting your needs and are expensive to maintain? Are you intrigued by cloud applications, but don’t know where to begin? I recently led a panel discussion with a CFO, CIO and a visionary in...

The CFOs case for moving to a cloud-based accounting system

The CFOs case for moving to a cloud-based accounting system

Are your accounting systems no longer meeting your needs and are expensive to maintain? Are you intrigued by cloud applications, but don’t know where to begin? I recently led a panel discussion with a CFO, CIO and COO to discuss their...

The CIOs case for moving to a cloud-based accounting system

The CIOs case for moving to a cloud-based accounting system

Are your accounting systems no longer meeting your needs and are expensive to maintain? Are you intrigued by cloud applications, but don’t know where to begin? I recently led a panel discussion with a CFO, CIO and COO to discuss...

How you can make your system implementation project a success

How you can make your system implementation project a success

In order to implement a new financial management solution, you need excellent project management, expert subject matter experts, executive support, and a great plan. There is one more thing you need.

How much should a new cloud financial management system cost?

How much should a new cloud financial management system cost?

With many companies moving their financial management to the cloud, there are many questions around what the cloud solutions cost and how they are 'priced' compared to traditional on-premise solutions. To add to the confusion, legacy...

Why it's a good idea to switch to cloud financial management software

Why it's a good idea to switch to cloud financial management software

Upgrading your on-premise financial management (ERP) system is a major undertaking. It take a long time, it is risky, it costs a lot and it really adds little business benefit. You are forced to upgrade as the vendor will only...

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