The critical role of software license management The critical role of software license management cannot be overstated in today’s digital landscape. As technology continues to advance at a rapid pace, organizations are becoming increasingly reliant on various software tools and applications to streamline their operations and remain competitive in the market. Software licenses play a crucial role in this process as they govern the legal usage and distribution of software products. A software license is essentially a contract between the software provider (licensor) and the end-user (licensee) t ..read more

SaaS applications are easy to acquire and use, creating major headaches for anyone responsible for managing them. IT departments are already short-staffed, and keeping up with a growing number of software subscriptions requires a constant effort. If you aren’t aware of how many applications you have, then you can’t track costs, streamline your tech stack, or protect your company from threats. However, there are efficient ways to prevent these risks. Let’s take a closer look at the top SaaS management challenges IT teams face and what you can do to address them. 1. Uncovering hidden SaaS appli ..read more

Today’s CFOs face a rapidly changing landscape, with their roles evolving beyond traditional financial responsibilities. They are no longer just gatekeepers of financial accuracy or bean counters diligently tracking expenses, but rather key architects of business strategy. However, making effective data-driven decisions requires visibility into the company’s expenditures, the contracts they engage in, and the terms that bind long-term financial outcomes. In this dynamic environment, real-time, accurate intelligence has become pivotal in meeting the challenges they face. Finance teams often f ..read more

SaaS sprawl has quickly become a serious problem for most businesses. It eats away at the bottom line, creates confusion for software users, and increases cybersecurity risks. As companies adopt more software to solve complex problems, they need to take a proactive approach to preventing it. Here’s a breakdown of what SaaS sprawl is, how it happens, and what you can do to get it in check. What is SaaS sprawl? SaaS sprawl is the unchecked growth of SaaS applications within an organization. When SaaS sprawl occurs, the amount of applications an organization is dealing with often becomes unmanag ..read more

1. What are bonds payable? Interest in bonds Discount vs. premium Issuance costs 2. Bonds payable accounting Amortization of the discount or premium 3. Summary 4. Related articles When an organization requires additional funds, a common action is to borrow money from a bank. However, issuing debt securities, such as bonds, is another way organizations can borrow funds. Issuing securities is borrowing in that the organization receives cash which must be repaid to the lender at a later date. Issuing bonds rather than entering into a loan agreement can be attractive to organizations for ..read more

FinQuery Software Management, formerly StackShine recognized by peers as a Market Leader Atlanta, GA – April 2, 2024 – FinQuery, a leading provider of solutions built to efficiently manage companies’ largest areas of spend, today announces that FinQuery Software Management was named a 2024 SIIA CODiE Award Finalist in the Best Emerging Technology category. CODiE Finalists represent the best products, services, and people in the Education and Business Technology Industries. FinQuery Software Management (FSM), previously known as StackShine, is a Software Asset Management (SAM) solution th ..read more

1. What is SaaS spend management? 2. What is SaaS Operations Management? 3. What is SaaS License Management? 4. SaaS vs. managed services 5. What are SaaS management platforms (SMPs)? Which SaaS applications are being used? How are they being used? Who has access to them? 6. Key features in a SaaS management platform Centralized contract data SaaS subscription management SaaS security features Tracking and insights 7. Benefits of SMPs Maintain compliance Identifying Shadow IT Improved data protection Reduced costs 8. Summary SaaS management is the overall practice of managing, monito ..read more

Several years ago, my business partners and I sold our business to a large, publicly traded company. The due diligence process was a bear. Fielding incoming requests seemingly every hour while simultaneously running our business as normal was taxing and stressful. Fortunately, we were prepared. We saw M&A activity in our industry increasing, and realized it was only a matter of time before potential acquirers started contacting us.  We collated and organized every contract for both vendors and clients, every recurring transaction, prepared for deep dives into the durability of our r ..read more

Adjustments are made at the close of an accounting period to rectify errors, record unaccounted income or expenses, and maintain the integrity of financial records to prepare comprehensive financial statements. This ensures financial data accurately reflects the financial position and performance of a business. What is an adjustment in accounting? An adjustment in accounting is a journal entry that impacts the income statement. An adjusting entry can also specifically mean an entry made at the end of the period to correct a previous error or to record unrecognized income or expenses. Why mak ..read more

In the fast-paced world of business, efficient contract management is essential for organizations to stay organized, compliant, and ahead of the competition. From tracking critical dates to analyzing contract costs, having a centralized system for managing contracts is crucial. One popular tool many organizations turn to for contract management is Microsoft Excel. In this article, we’ll explore the reasons why Excel is a viable option for managing contracts, how to get started with Excel for contract management, and the pros and cons of using Excel for this purpose. Why use Excel for contrac ..read more