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…
In today’s crowded, chaotic marketplace, businesses are scrambling to stay ahead, to do more, and to do it better. Enter ERP systems—a not-so-secret weapon for companies seeking clarity in the chaos. And here’s the truth: without the right tools, growth is just noise. So what is an ERP system, anyway? It’s not just software. It’s…
Businesses need financial reporting and forecasting to expand and scale. There is efficient and effective software out there that provides what businesses need to grow, and QuickBooks is not one of them. With the proper financial data, finance leaders can make informed decisions about their growth and development. QuickBooks simply cannot offer the same level…
Executive Summary Most small businesses start their financial journey with Intuit’s QuickBooks. With over 80% market share, QuickBooks is the leading and most popular small business accounting application. It’s familiar, user-friendly, and functional for businesses at their inception. However, as businesses grow, QuickBooks often fails to meet their evolving needs. It wasn’t designed for organizations…
Is it Time to Make Your Move? For many small and mid-sized businesses, Intuit QuickBooks is the preferred choice for financial software in the organization’s early days—and for solid reasons. QuickBooks is well-known and easy to use, and it offers the basic functionality that almost any business can use to get off the ground. Unfortunately,…