Every technology can be broken down into various generations as it advances, from cell phones to laptops, cars, and even software products. The CFO suite is no exception. The first generation was the emergence of enterprise resource planning (ERP) tools, and the second was the shift to cloud-based point solutions. The third generation involves the…
ERP software has evolved considerably over recent years and is now more advanced than ever before. The last half decade has seen enterprise resource planning (ERP) solutions evolve into versatile and multi-faceted tools that help small, medium and large organizations run their business. By focusing on innovation and utility, developers have managed to ensure ERP…
Strong financial planning has always been essential for business survival and growth. Businesses need strong visibility into operating costs, revenues, and profitability to measure progress and make better decisions to succeed long-term. Strong financial solutions make it possible for you to execute on these goals. The right solution can help your business to automate financials,…
As an accounting firm, the “product” you sell is your employees’ expertise and time. Your employees are experts who provide the value clients recognize in your organization. As the old saying goes, “your greatest assets walk out the door every night.” Your firm’s growth, success, and profitability depend on you being able to attract and…
Bringing on your first CFO can be extremely exciting, and a strong hire can give your business a significant strategic edge. However, to make an effective hiring choice, you need to know what makes a great CFO. A Mckinsey report on the role of modern CFOs put it this way: “…it’s important that COs step up to…
Like many industries today the technology climate has transformed the way businesses operate daily. Over the past decade, we have seen specifically how technology has impacted the accounting industry and required modernization of old school practices. As globalization and digital technologies continue to advance it is time to start thinking about what challenges accountants and…
Even when you are working your dream job, the monotony of day to day work life can be draining. It is so important for companies to focus on boosting employee morale. An employer can have a superstar employee performing at a five if they are unmotivated. A 2010 study released by the University of Warwick showed that…
Enterprise resource planning (ERP) software can feel large and unwieldy. As a buyer or user, you may ask yourself if you need all of its features and how exactly this system will impact your bottom line. While every ERP is different, there are a handful of core financial features will help teams in any industry…
Artificial Intelligence (AI) technology transforms how organizations approach financial management, and nonprofits are no exception. With the ability to automate processes, provide data-driven insights, and increase efficiency, AI is an attractive tool for nonprofits looking to improve their financial management strategies. But with so much hype surrounding AI, it can be difficult to discern fact…
How well has your healthcare organization adapted to the current environment? Similar to how the iPhone disrupted and redefined what a smartphone can be (do you still have a Blackberry, Palm, or Nokia?), the introduction of modern technology has changed healthcare finance’s ability to achieve visibility, control, and efficiency. We are seeing another massive change…