Software has become the backbone of modern business, but along with its many benefits comes licenses, subscriptions, and service agreements to manage. The proactive management of software contracts is a pivotal task for IT and finance professionals at forward-thinking businesses. In this article, we will explore everything from the basics of software contract management to advanced practices that empower businesses with the knowledge they need to streamline their operations, optimize costs, and bolster their IT infrastructure. What is software contract management? Software contract management ..read more

Balancing the operational requirements of the business with the financial constraints that organizations face is a tricky task for IT professionals and CIOs. But, there’s a critical process that can help you manage and even thrive under these pressures: application rationalization. Application rationalization defined Application rationalization is the process of categorizing and evaluating the software applications used in an organization to optimize them for efficiency, security, and cost. Application rationalization should be a continuous process in order to ensure the tech stack remains op ..read more

FinQuery named among 100 fastest-growing companies in annual Pacesetter awards ATLANTA – April 26, 2024 –  FinQuery, formerly LeaseQuery, a leading provider of AI-powered solutions built to efficiently manage companies’ largest areas of spend, today announced its recognition as one of Atlanta’s most rapidly growing companies, according to the Atlanta Business Chronicle’s Pacesetter Awards. The 29th annual Pacesetter Awards recognize privately held companies in metro Atlanta that have shown significant fiscal growth over the past two years. “We are honored to be acknowledged once more on ..read more

Financial Planning & Analysis (FP&A) plays a crucial role as a strategic partner to the business, utilizing financial analysis and forecasting to help guide decision-making. Their responsibilities include drafting budgets and forecasts, optimizing the company’s return on investment, and furnishing the executive team and board of directors with insights to drive action. All of this strategic planning requires data, and the data gathered from lease accounting enables the FP&A team to refine the organization’s financial strategy, thereby improving the decision-making process. Lease ..read more

Investment from Periphas Capital and Lavelle Capital to support FinQuery’s mission to make lives easier by simplifying complex workflows with technology Atlanta, GA – April 24, 2024 – FinQuery, formerly LeaseQuery, a leading provider of AI-powered solutions built to efficiently manage companies’ largest areas of spend, announced a $25 million minority investment led by Periphas Capital and supported by Lavelle Capital. The funding will accelerate product innovation and support strategic M&A. FinQuery’s AI-driven SaaS platform unifies finance, accounting, and IT by managing their largest a ..read more

By Andrew Larson, CTO at FinQuery Artificial Intelligence (AI) is revolutionizing operational efficiency in virtually every sector. Manufacturing companies in particular are leveraging AI to improve the precision and speed of their financial operations. In the realm of accounting, AI is transforming traditional practices, introducing new levels of efficiency and accuracy that benefit the manufacturing sector immensely. Introduction to AI in Accounting within Manufacturing The U.S. is experiencing a notable shortfall in accounting and auditing professionals, with over 300,000 of these experts ..read more

1. Understanding commercial lease agreements Commercial leases of equipment 2. Commercial lease management Lease management software 3. Commercial lease types Gross lease / full-service lease Net lease Absolute net lease or “absolute NNN lease” Modified gross lease Percentage lease 4. Commercial lease types table 5. Accounting for commercial leases 6. Summary Renting space in a commercial building isn’t as simple as it seems. It’s more than signing an agreement and moving in. It requires attention to details within the lease, like negotiating property tax payments, utilities, mainten ..read more

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1. What is software asset management? 2. Defining a “software asset” Costs of software assets Operational impact of software use 3. Software asset management goals 4. SAM metrics: Measuring success 5. SAM roles and responsibilities 6. Software asset management processes 1. Auditing software licenses and subscriptions 2. Software asset tracking 3. Software license provisioning and deprovisioning 4. Day-to-day software license and end-user management 5. Monitoring software usage 7. What is the software asset management lifecycle? 8. Managing risks in software asset management Shadow IT Sa ..read more

The cloud computing age has brought with it critical acronyms that often seem confusing to anyone outside the realm of IT. For finance professionals navigating the mid-market, comprehending Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS) – and now XaaS, isn’t just about keeping pace; it’s necessary to direct operational efficiencies and strategic financial management. Amid the buzz of the tech world, distinguishing between SaaS, PaaS, and IaaS is critical—a misstep in comprehension could lead to misdirected investments, operational friction, or ..read more