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

November 13, 2017

Blockchain and Cryptocurrencies Part 1: What You Need to Know

Blockchain and cryptocurrencies are mainstream news, especially as Bitcoin continues to hit record prices. But while most people have heard of this exciting new technology, it’s still not widely understood. To help you get up to speed and better anticipate the potential impacts on your business, here are the basics. What is cryptocurrency? Cryptocurrency is currency that …

November 2, 2017

How to Create a New Budget Process Using Process Tracker in Adaptive Insights

It’s that time of year when the weather starts to cool down, leaves change colors, and the smell of pumpkin spice lattes fills the air. Yup, it’s budget season! As many financial planning and analysis (FP&A) teams know, one of the pain points of budget season is getting budget owners up to speed (again) on …

October 27, 2017

The 4 Tools for Distressed Companies: What’s Best for Your Business?

We receive calls every day from distressed companies that are running out of money and don’t know what to do. It’s a hard discussion if you’ve never been in this situation, but it is important to understand that not every situation is the same, and different options are available, depending on the goal. One thing …

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 16, 2017

Integrating Cloud Solutions: Dynamics GP-Coupa Integration

During Coupa Inspire 2017, Steve Reece, a business analyst at eHealth, shared his thoughts on the Dynamics GP-Coupa Integration Pack built by Armanino. The GP-Coupa Integration Pack enables the migration of Accounts, Vendors, Invoices, Payments and Expenses between both solutions. This pre-built integration allows for a seamless procure-to-pay process by automating the migration of key data …

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 …

 
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