There are two quotes that came to mind when thinking about writing this blog post. “…But in this world nothing can be said to be certain, except death and taxes” – Benjamin Franklin “The only thing constant is change” – Heraclitus While those two idioms are well known separately, when considered together, they complement each other nicely regarding accounting software. Here is what I mean. If taxes are a certainty of life, one must be able to properly track credits and debits associated with their business to accurately pay taxes. There are many, many options to account for assets and liabil ..read more

Microsoft has announced that they will be releasing the next version after Microsoft Dynamics® GP 2018R2 on October 1, 2019. This new release will be dropping the version number after the product name, which follows the format of other Microsoft products on the market today. This release will be called Microsoft Dynamics® GP.  The new release focuses on enhancing the core application of Dynamics GP Below are some highlights of what will be included in the release.  Financial Enhancements Long Description for Payables Transaction Expand Display for Fiscal Period Setup Display User w ..read more

Microsoft has moved Microsoft Dynamics® GP accounting software into their Modern Lifecycle Policy. By making this move, it aligns the product with other Microsoft solutions such as Office 365 and Azure. This transition demonstrates Microsoft’s commitment and future investment for the Dynamics GP product and its community. (Read about the latest release coming out on October 1, 2019 for Microsoft Dynamics GP.) What does “The Modern Lifecycle Policy” mean for the Dynamics GP Partners and Community?  With this move to the Modern Lifecycle Policy, it guarantees a few key things for Dynamics GP cus ..read more

Business technology continues to evolve at lightning speed. As more applications transition to the cloud, information has never been easier to gather. Data is becoming more and more essential to remaining competitive and succeeding in any industry. However, despite the growing importance of data, many CFOs and Finance Leaders feel they’re underusing it in their roles as business leaders and advisors. Why is this disconnect happening? What barriers still exist when it comes to gathering data, and also understanding and using it? As a financial leader, how can you make the best use of data to ..read more

Sage Intacct's R3 2019 Focuses on 3 Major Areas for Customers Sage Intacct has announced the feature improvements for the R3 2019 software update scheduled for roll-out by end of the day, Friday, August 23. R3 2019 enables customers to transform the way they think and work by delivering product innovations across 3 major themes.  Additional R3 2019 features we'd like to highlight include: A new standard General Ledger dimension balance report, which provides a summary-style presentation of balances with dimension values Added new run-time prompts and responsive dashboard dimension ..read more

In a recent webinar hosted by Marty Schillaci, the CEO of The Resource Group, we conducted a poll to ask viewers about the length of their average monthly close cycle. Seventy-one percent responded that their close cycle takes an average of 10 days or longer. This is a common problem for businesses who might be overdue for upgrading their legacy ERP system to a more scalable cloud-based solution. Does your company require a week or more to complete the close cycle? If so, would closing the books faster benefit your organization? 1. Improve efficiencies and reduce costs Improving efficiency an ..read more

Has Your Financial Services Organization Outgrown Your Accounting Software? If you want to consolidate hundreds of entities with the click of a mouse, automate inter-company transactions, and monitor it all in real-time on custom dashboards without extra software or IT support, then it may be time to leave QuickBooks, Dynamics GP and the spreadsheets behind. But, considering the dozens of systems out there, what accounting software should you choose? What works best for financial services organizations? Below are three guides that will help you identify the right accounting software for you ..read more

Halstatt is a family-owned investment firm that started from scratch but, with are now currently managing hundreds of millions of dollars worth of real estate, equity investments, and various businesses. A few years ago, Halstatt had a unique opportunity to plan and execute upon an entirely new accounting infrastructure. The company needed to build a back office that included accounts payable, general ledger, and an entire finance department. The search was on for new accounting software. Halstatt wanted to implement cloud-based accounting software because it offers speed and efficiency whic ..read more

As Millennial's take start to take up more and more percentage points of the workforce, due to those before them retiring, there will be a growing need to shift toward their working style. This means clunky, outdated, on-premises, legacy systems will slowly become a negative mark on your company. The younger generation of modern workers have grown up on computers. Arguably, the first generation to grow up with the Internet as a daily staple (depending on where you draw the line). They are used to quick, responsive software that is intuitive and can be accessed from anywhere and any device ..read more

CFOs of asset management firms, including both single and multi-family offices, need to manage the organization’s assets to ensure operational efficiency and maximize investment resources. Understanding both your operational finances and your investment mix is key to successfully driving growth for the firm’s portfolio. Whether you’re making decisions about staffing or considering long-term investment strategies, it’s important to have an accurate, detailed understanding of key metrics. With a Sage Intacct dashboard customized for financial services CFOs, you can access important data from any ..read more