July 31, 2018
Power Up Your ERP With Financial Planning & Analysis
Are you getting as much value out of your ERP as you could be? Platforms like Sage Intacct and Microsoft Dynamics allow you to better manage your business and automate some processes, but they aren’t designed for financial planning & analysis―and the reporting tools that come out of the box with ERP systems sometimes don’t …
July 26, 2018
Biotech Firm Sequences Software Implementations for a Quick Win
A clinical-stage biotechnology company had outgrown their ERP and wanted to upgrade to Microsoft Dynamics 365, but they were concerned that they didn’t have the time and manpower to devote to launching the new system. Armanino assessed their business requirements and pain points, and found that their finance team could free up resources for the …
July 23, 2018
Tax Considerations for Successful ICOs
As cryptocurrency companies plan to raise capital through initial coin offerings (ICOs), it’s vital for them to evaluate the tax implications. This preparation will help ensure that common misconceptions about ICO taxation don’t result in unexpected costs that hamper the company’s ability to survive and grow. The most important tax consideration to understand is that, …
July 17, 2018
Building the Right Finance Tech Stack for Your Organization
When you are building a new finance tech stack for your company, you have a lot of financial software options to choose from. With a large investment of time and money and your organization’s ability to scale on the line, you can’t afford to make uninformed decisions. To evaluate new point solutions, start with some …
July 10, 2018
The Procurement Process: Is It Time to Streamline?
Procurement can be a messy business. Members of your staff want what they want, when they want it—and your procurement process is probably in their way, which can have some unintended consequences. Letting individuals manage purchases for themselves or their departments may speed up the process, but can result in over- or under-buying, untracked purchases …
July 3, 2018
How to Fire Someone the Good Way – Prevent Wrongful Termination Lawsuits
Being good at firing people is critical if you want to avoid a wrongful termination lawsuit. It’s never a fun task, but it’s an unavoidable part of doing business. In our opinion, there are two simple rules of thumb when you are terminating an employee: Be kind. Be professional, yes, but if you have to …
July 2, 2018
Resort Hotel Set to Halve Monthly Financial Close With BlackLine
A large resort hotel perched near the Grand Canyon had contracted Armanino to help them implement Sage Intacct ERP, with the goal of automating many of their financial processes. As we began that project, we soon realized that their monthly financial close was manual and Excel-driven, with a painful amount of inefficiency. It took 12 …
June 19, 2018
Financial Infrastructure Is Key for Cryptocurrency Company Success
As cryptocurrencies gain traction toward mainstream adoption and acceptance, companies in the cryptocurrency ecosystem must balance an influx of revenue and fast growth with the challenges of building a financial infrastructure capable of supporting their changing needs. Whether they’re a cryptocurrency exchange, a company funded through an initial coin offering (ICO), a platform or technology …
June 7, 2018
JOBS Act Deadline Looming for Many EGCs
We are reaching the 16-year mark since the Sarbanes-Oxley Act (SOX) was passed by Congress and signed into law. One criticism consistently levied against the legislation is the cost associated with complying with the various provisions. There have been a variety of measures put in place over the years to reduce the expense of SOX …
May 31, 2018
ABC Test: Freelancers Are Now an Even Bigger No-No in CA
On April 30, the CA Supreme Court issued a long-awaited ruling that makes their description of “employment” even clearer. (See Dynamex Operations West, Inc. v. Superior Court, Cal.5th, 2018 WL 1999120). If you thought you had the employee vs. independent contractor (freelancer) thing nailed, you might need to think again. The good news, and the …