6 Key Metrics for Professional Service Organizations
Service Performance Insight conducted a recent survey of 622 professional services organizations ranging from IT Consulting, Management Consulting, Marketing, Accounting, Legal and other types of service-based businesses, that has helped shed new light on performance expectations in a number of key areas. These Key Performance Indicators (KPIs), can help firms benchmark their financial data, and…
5 Telltale Signs Your Nonprofit has Outgrown QuickBooks
Many small nonprofits manage accounting operations with small business software such as Intuit® QuickBooks®. QuickBooks is a great bookkeeping solution for small nonprofits, but as your organization grows in size and complexity, you’ll start to feel some growing pains. You might be able to limp along with QuickBooks, but you’d be missing out on the…
Cloud Integration Starts with a Strong SaaS Backbone
The challenge of integrating a growing stable of SaaS applications along with legacy on premises software will be daunting for the next several years. Choosing flexible core applications will be paramount as organizations cope with an unprecedented pace of business change that will stress legacy software. Consider choosing one application to be the integration point…
Next Generation Financial Consolidations
Corporate accounting has long been viewed as custodian and curator of financial data. However, whether it’s bringing the data together or distributing the financial results broadly, the financial consolidation process has long been an onerous drudgery of information assembly, validation, and reporting. The consolidation process for many corporate accounting groups is sometimes measured in months,…
Five Ingredients for Finance Transformation
Over the next 10 years, technology will do more to change the finance and accounting organization than it has over the past 50. A spate of advances in databases, data processing, analytics and tools addressing the user experience as well as the application of artificial intelligence will free up much of the time now required…
4 Steps to Greater Nonprofit Stewardship with Digital Finance Transformation
As a nonprofit finance leader, you must be a good steward of the public trust. You are responsible for ensuring the resources of your organization are well protected and used efficiently for the organization to fulfill its mission. Nonprofit digital finance transformation uses technologies like cloud computing, open API integration, analytics, and data visualizations to…
The 5 Questions to Ask Your Controller
Today’s CFO needs to work closely with the controller to ensure that, one, the organization gets the full benefit of the controller’s talents and knowledge and, two, the controller’s office is operating at the highest levels of efficiency and accuracy. Learn about the five questions you should ask your controller to initiate a conversation around…
Elements of Successful Cybersecurity
Digital transformation means that organizations must be proactive about their cybersecurity. Not only are there more ways to be attacked than ever before, but cybersecurity breaches are also constantly changing and hackers are becoming more sophisticated. Without proper cybersecurity, the organization’s critical activities are at risk and the potential for reputational damage is real. Successful…
Financials Face-off: On-premise vs. Cloud
In today’s complicated business climate, you need the latest technology to stay competitive. With an increasing number of people working remotely, being able to close your financials, run reports, make decisions, and keep up with the myriad of changing regulations is paramount. Is your on-premise financial management software helping you grow and compete—or holding you…
Third Party Risk in a Post Pandemic World
Whether a third-party is part of the supply chain or an outsourced information technology services provider, organizations are increasingly implementing third-party risk management (TPRM) programs to ensure third-parties are not creating additional exposure for them. Successful outsourcing relationships with effective risk management allow the organization to safely procure goods and services and focus on their…