Scalable, Cloud ERP Software Enables Painless Growth
Yardstick is a fast-growth company that’s become an award-winning powerhouse in the highstakes licensure, certification, online training, and psychometric space. As Canada’s leader in online testing and training, the business operates multiple entities across North America, and recently acquired a large publishing house. In order to keep pace with the company’s rapid expansion, Yardstick’s finance…
Bringing Financial Science to the Arts Via 30% More Accurate Program Visibility
San Francisco’s premier performing arts center, Yerba Buena Center for the Arts (YBCA), runs a nonprofit facility that hosts its own cultural programming and offers discounted community rentals for local theaters and artists, as well as commercial rentals. To cover its operating expenses, the organization supplements rental fee income from meetings, conferences, and other special…
Aligning Departments for Common Goals
This post was originally published on the Sage Intacct Blog In the many years working with service-based companies, there have been a number of common themes around an ‘us vs. them’ mentality within the office. In most cases, department goals and incentives are the root cause of these conflicts. Sales and marketing teams are pressured…
What is the Nonprofit Finance Digital Transformation Tipping Point?
This post was originally published on the Sage Intacct Blog In the digital age, good stewardship requires an overhaul of many manual, paper-intensive processes. By using technologies like cloud computing, artificial intelligence, and open APIs for integration, digital transformation empowers nonprofit finance teams to make data-driven decisions for greater impact. Recently, digital transformation was the…
Lessons Learned from Adoption of Topic 606, Revenue Recognition
In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09 Revenue from Contracts with Customers (Topic 606) to clarify revenue recognition guidance and thereby improve financial reporting. Nonprofit entities who adopted the standard early quickly learned that there is a significant learning curve to properly recognizing revenue under the new…
Fraud Control and Prevention: Proactive Measures
The Association of Certified Fraud Examiners (ACFE) publishes a bi-annual, Report to the Nations (the Report) providing detailed statistics and key findings related to fraudulent activity by industry throughout the world. The 11th study of occupational fraud, the publication serves as one of the best sources of fraud-related data and information the globe over. GRF’s…
Fraud Control and Prevention: Mastering the Basics
Keeping it simple provides more protection than you might expect By Mac Lillard, CPA, CFE, CISA, CRISC, CITP | Manager, Audit and Risk Advisory Services During 2020, the Federal Trade Commission (FTC) received more than 2.2 million reports of fraud, up 500,000 from the 1.7 million reports filed in 2019. The significant increase in fraudulent…
Information Disclosure: Are you up to date on privacy laws?
GRF Cybersecurity Risk Assessment and Scorecard Blog Series Securing the privacy of your organization’s employee and customer data is critical for maintaining the trust of members and donors – and is increasingly becoming a legal requirement. What is information disclosure? Information disclosure occurs when an application reveals sensitive information about its users. Depending on…