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

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, …

May 18, 2017

Cybersecurity Made Simple: Start With Your People and Processes

The hack known as WannaCry that began on May 12th locked up at least 200,000 machines and wreaked havoc across the globe. While the U.S. fortunately escaped major impact from this particular cyberattack, many businesses and nonprofits are fearful that similar attacks could impact their operations soon. Cybersecurity can seem overwhelming when you first start …

May 9, 2017

Accurate Finance Reporting: Tips & Tricks

Many times we see clients struggle to create reports that pull the correct data from their accounting system or corporate performance management (CPM) solution. The data has been loaded into the system correctly, but building queries or reports by hand can cause headaches if data is suddenly coded to new GL accounts or new departments …

May 2, 2017

ASC 606: What Early-Stage Companies Need to Think About Now

As a CEO, COO or CFO of an early-stage company, you have enough to worry about. Lining up investors, getting a minimally viable product to market, and persuading customers to sign a contract are pursuits that get the lion’s share of your attention—as they should. However, there is one additional thing you need to focus …

April 19, 2017

Video Duel: Excel vs. Top-Rated Cloud Budgeting and Forecasting

Maintaining an updated budget (without errors!) is tough in Excel. Version control, lack of security, costly errors – the list goes on and on for the ways a budget in Excel can cause issues. Finance leaders often spend hours (or days) to pull together a report only to have links break because of collaboration challenges. Using …

April 6, 2017

New Form I-9 for Employment Eligibility Verification

The U.S. Citizenship and Immigration Services (USCIS) department has published a revised version of Form I-9, Employment Eligibility Verification. Here’s what you need to know: All employers must be aware that Form I-9 has been revised.Accounting Only the new version should be used as of January 22, 2017, for all new hires. Penalties can apply …

 
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