Financial Advisory Blog

Armanino’s Financial Advisory blog is your source for thought leadership around cloud ERP and accounting solutions and integrations. Supported by the Cloud Accounting Institute and numerous experts in cloud, finance, reporting, integration, compliance, and technology, Armanino’s Financial Advisory blog features must-read content on what’s happening in the finance industry, case studies, white papers, and much more.

Financial Advisory Blog

September 29, 2017

Why “Freelancer” Is an F-Word

If you say “freelancer” to me when referencing your staff, my eyebrows will go up through my bangs in alarm. That’s because using freelancer or “outside consultant” terminology will raise IRS, DOL or other government entities’ suspicions about your worker classification. It will also be a red flag for a potential buyer’s due diligence auditor …

September 26, 2017

How Companies Are Dangerously Underestimating the Impact of ASC 606 Disclosure Rules

As they prepare to implement the new FASB revenue recognition standard (ASC 606), many companies are focusing on the revenue and measurement aspects of the requirements and ignoring the new ASC 606 disclosure rules. They do this to their detriment. We’ve seen numerous organizations that mistakenly believe that there is no material impact in transitioning …

August 30, 2017

Cash Is King: How to Optimize Your Cash Position With a Cash Flow Forecast

An entrepreneur I know says that someone truly becomes a business owner only after they’ve spent a sleepless night worrying about making payroll. We disagree. You and your organization can avoid many stressful situations, and make better decisions, by planning with a cash flow forecast. What is it? A cash flow forecast is a tool …

August 9, 2017

The Process of Configuring an Integration Pack from Armanino

You’ve just purchased an Armanino integration pack to sync your key applications. So what happens next, after the statement of work (SOW) is signed? At this point, it is up to the delivery team to execute the project. Usually, integration packs are bundled together with a software implementation project, which means there are two teams …

August 1, 2017

Automating the Financial Close Process After a Merger

Business mergers are always a challenge for the finance team, especially when they are burdened by manual processes. Here’s how one Armanino client, a national financial services firm, recently found a solution to eliminate post-merger integration headaches and streamline their monthly financial close. The background The firm, which manages roughly $13 billion, had acquired another …

July 20, 2017

With the Rise of Best-in-Breed Cloud Applications, Integration Is Key

Best-in-breed cloud solutions are the future of business applications―from your ERP solution and expense management tool to CRM. The latest innovations being invested in are all built in the cloud. And, as more people understand that “cloud” really just means using someone else’s server, versus owning and managing your own, there also are greater levels …

July 14, 2017

How to Enable the Finance Department Cloud Transformation

In my last post, I discussed how moving to cloud-based financial software can help companies address the problems of an under-performing financial system and overworked finance department. (For the skeptics out there, industry analyst firm Gartner also touts the benefits for finance departments making the cloud transformation in its 2016 report titled “Finance Moving to the …

July 7, 2017

Two Views on How BlackLine Saves Time & Trials

Using BlackLine to automate the close process will save you time and aggravation―something I’ve witnessed from two different perspectives. Not only have I seen how automation helps my Sarbanes-Oxley (SOX) clients here at Armanino, I’ve also experienced the benefits of BlackLine firsthand, while working in the general ledger (GL) group at a large insurance company. …

June 7, 2017

Adding a Performance Plan into your Equity Compensation

The selection, design, and implementation of a successful equity compensation plan can be a complex undertaking. There are two fundamental types of equity compensation instruments that can be issued to a participant: time-based and performance-based instruments. Performance-based awards and performance-based options are a trend that continues to be on the rise, not only among public …

May 24, 2017

Ending the Overworked, Underutilized Finance Department

For professionals in the finance and accounting department, long hours are business as usual. It’s normal for every reporting cycle or accounting period close to mean burning the midnight oil for days at a time. But while the members of the accounting team suffer, in this case from the lack of a healthy work-life balance, …

 
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