Ebook: 2021 Close the Books-Living on the Ledger
Closing the books for many organizations is an exercise in stamina and endurance. For nearly 60%, the close process takes over a week, delaying access to reliable information vital to business direction. To better understand the close process and help you find ways to accelerate your time to actionable insights, we at Sage Intacct run…
The Key Ingredient for Strong Financial Management – Creative Dining Services
Creative Dining’s accounting practices didn’t match the high caliber of its customer-centric foodservice offerings. Prone to frequent crashes, QuickBooks was poorly suited to scale with the company’s rapid growth. Creative Dining staff at client locations spent hundreds of hours each week manually entering data into Google Sheets to produce P&L reports, which would then need…
2021 Release 2 Highlights: Heightened Visibility and Flexibility across Sage Intacct
This post was originally published on the Sage Intacct Blog Release 2 is now live for 2021. We’re excited to bring you this feature-packed update with new functionality that delivers heightened visibility and flexibility across Sage Intacct. A few of the exciting highlights include: Saving time reconciling with matching rule automation Efficiently managing the close…
Vic.ai Transforms Approval Management with Ground-Breaking Autonomous Approval Flows
Vic.ai, the AI (artificial intelligence) platform for accounting productivity, recently announced a brand new feature, Autonomous Approval Flows — introducing a first-of-its-kind approval matrix that streamlines the previously inefficient and error-prone approval process. The pairing of Vic.ai’s existing Autopilot feature and Autonomous Approval Flows allows both invoice and approval activity to be fully automated with…
How AI Automates Approvals for Small and Medium-Sized Organizations
For small and medium-sized businesses, automating approvals can be difficult since there are usually no efficient systems in place for handling approvals in the first place. Inherent Problems with Manual Approvals If you don’t have a technology platform that can receive, extract, and understand incoming costs, a human needs to step into that role. The…
Changes in the Employee Benefit Plan Landscape for 2020 and 2021 Audits
Like many areas of our lives in 2020, Employee Benefit Plans also experienced a number of significant changes as a result of the pandemic and the CARES Act. Plan sponsors should take note that the approval of two new audit reporting standards, SAS 134 and SAS 136, will likely impact the performance and timing of…
New Law Approves Temporary COBRA Subsidy
Many struggling businesses have been forced to lay off workers in the past year, and layoffs can leave former employees with limited health insurance options. Workers may be able to keep health insurance coverage under their ex-employer’s plan, but it generally comes at a significant cost. However, the new American Rescue Plan Act (ARPA) provides…
2021 Nonprofit Technology Trends Report
Last year, the 2020 Nonprofit Technology Trends Report provided insight into how nonprofits leverage technology to achieve their mission. When the results were published in February 2020, we had no idea how our world would be turned upside down just one month later. The global pandemic and the subsequent health and economic impacts have forced…