February, 2021

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Should You Build Your Own Cloud Cost Optimization Tool?

CloudZero

This is a follow up to a blog series where we explore DIY cloud cost management, monitoring, and optimization tools. In the first, we investigated how Lyft, Netflix, Segment, Expedia, and Slack built theirs. Check it out here.

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How to Process Invoices when Staff Work Remotely

IPS

It will be hard for accounts payable leaders to achieve incremental process improvements unless they digitize the way their department receives, approves and posts invoices when staff work remotely.

professionals

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Construction Industry Opportunities & Realities in 2021

AvidXchange

Coming out of 2020 – one of the most turbulent economic years in history –the construction industry faces several market realities and technology challenges, as well as exciting opportunities. The pandemic caused widespread project delays, job cancellations and payment delays to contractors and subcontractors. There were shortages of products and materials.

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Welcome to Dext

Dext

From today Receipt Bank is now – and Dext is so much more. But what is Dext and what does this mean for you? What’s Dext? Dext is the new name for our company. We make accountants, and the businesses they advise, more productive, profitable and powerful with better data and insight.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Living Paycheck to Paycheck? 7 Tips for Avoiding Extra Fees

Bookkeepers.com

Living paycheck to paycheck is exhausting. As soon as your paycheck comes in, you have to spend it all on necessities like rent, utilities, insurance, and paying off debt. There’s usually little, if anything, left for savings or recreational activities. Then, something even worse happens: you’re hit with a fee. You might have missed a … Living Paycheck to Paycheck?

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Transforming Enterprise Accounts Payable Workflows with Intelligent Automation

SAP Accounts Payable

As businesses measure their growth based on revenue and expense cycles, accounts payable’s invoice payment activities can have a large impact on these cycles. Invoice processing is a key part of the procure-to-pay life cycle that makes up a company’s expenditure cycle. The payable process generally involves receiving and validating invoices, capturing and coding the data on the invoice, invoice matching, approvals, payment, and financial posting.

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Spend Risk Examined: A Culture of Compliance

Oversight

In the fifth installment of Oversight's "Spend Risk Examined" podcast, Chief Client Officer Nathanael L'Heureux shares the benefits of building a culture of compliance and the steps to creating one.

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Healthcare Staff Management in the New Normal

RevCycle

The role of a manager is to support employees—and that includes supporting their mental health. As we move into the new normal following the COVID-19 pandemic , that will be especially true for healthcare staff management. Not only were healthcare staff on the front lines of the pandemic, they had to adapt to the rapid adoption of new modalities and technologies, such as automated workflows, digital communication, and telehealth.

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Construction Industry Expects Strong 2021 Despite Distinct Challenges, Survey Finds

AvidXchange

The construction industry’s biggest challenges to growth this year include project delays, shortages of skilled workers and less access to building products and materials. But it isn’t all bad. Despite the undeniable challenges, the industry has several opportunities for a prosperous year. More contractors are confident the market will offer new business opportunities in next 12 months and have hiring plans that reflect that belief.

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5 Things Not to Do on a Virtual Accounting Interview

accountingfly

You landed an interview for a new accounting job. Congratulations! Odds are that it’s a virtual interview (according to a Gartner Survey in April 2020 , 86% of interviews are currently virtual due to coronavirus). Virtual interviews are here to stay, and they are the standard when interviewing for a remote accounting job – the new normal. The question is, how can you avoid messing up a virtual accounting interview?

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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4 Signs That You Need to Transform Your Finance Function

FinOps.ie

If you’re like most small business owners, you often find yourself or a member of your team sitting at a desk that’s piled high with receipts, invoices, and bank statements or stuck at a computer wading through multiple spreadsheets. Diligently, you get stuck-in, only to find that (what seems like) the same pile of work presents itself again a couple of days later.

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How Do You Measure Technical Debt? (and What To Do About It)

CloudZero

Technical debt is an important — but often unclear — concept for engineering teams. In software development, technical debt, also called code debt or tech debt , is defined as the cost of refactoring a piece of code or system to keep it working efficiently.

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How do you know if an LLC is the best strategy?

1st Step Accounting

Quite often, I’m asked by small business owners if they should set up an LLC, and my response is always “Why?” Their response is usually because someone told them they should. Somewhere along the line, we have become satisfied accepting business advice from people who have no business providing said advice. Most times, this someone is not qualified to offer such advice, nor do they have personal experience to draw from.

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Project Management: Scope

SMB Accounting and Consulting

When your company has the opportunity for a new project, it can be very tempting to accept any offer that comes your way. However, it is important that the scope of the project is carefully reviewed and analyzed in conjunction with your accountant or accounting department to make sure that the objectives are in line with company goals and perform a risk assessment to ensure tolerable risk.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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5 Factors Construction Leaders Should Consider When Automating Accounts Payable

AvidXchange

With the new year upon us, it’s time for leaders in the construction industry to think of new strategic initiatives. Here’s one to consider: whether now is the right time for your company to start automating accounts payable (AP) processes. There are many questions to answer. Will this shift save your company money and generate a compelling return on your investment?

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Improving Employee Compliance & Policy Awareness to Minimize Spend Risk

Oversight

Due to the pandemic and the resulting increase in remote work, a great deal of new spend risk is floating around today’s organizations.

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How to Build an Internal Finance Team that Doesn’t Need You

FinOps.ie

Small business owners often find themselves wearing all the hats in their business, juggling daily tasks that range from sales through to purchasing and daily finance operations. The problem is that if you want to grow your business intentionally, the ‘I’ll oversee everything myself’ model is simply not sustainable. The internal finance function in your business is its lifeblood.

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7 Reasons Engineering and DevOps Teams Love CloudZero

CloudZero

CloudZero is a cloud cost intelligence solution that puts engineering in control of cloud cost. We set out to disrupt the cost management and optimization space by building a solution that was designed around the way engineers work — so cost becomes a tradeoff during the software development process, rather than a massive disruption.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Why Integrate AP Automation with Your Media Planning Software

IPS

Buying ads doesn't sound so hard. But the reality of paid media is much different.

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Getting The Most out of Dext with Michael Shafman CEO NexCloud Consulting

Dext

At Dext, we ask the hard questions for you to help share some of the best tips possible for advancing your practice. We’ve worked with one of our partners Michael Shafman, CEO of NexCloud Consulting, to cover some of the topics we know you are curious about.

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Your Guide to Automating Accounts Payable

AvidXchange

It may seem like a big undertaking to go about automating accounts payable processes throughout your business. To help, here’s a quick guide, and some actionable steps you can take. Why should I consider automating accounts payable? You may want to consider accounts payable automation if you’re looking to streamline operations, lower costs and deliver more personalized services to customers.

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Ep. 111: Serena Wolfe - How do CFO's influence ESG?

IMA's Count Me

Contact Serena Wolfe: [link] FULL EPISODE TRANSCRIPT Mitch: ( 00:00 ) Hello and welcome back for another episode of Count Me In. Mitch Roshong here with you again and today you'll be hearing my co-host Adam speak with Serena Wolf about CFO role in implementing an ESG agenda. Serena is CFO of Annaly Capital Management and has over 20 years of experience in accounting.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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Deloitte Canada Gives Up On CAS

Cloud Accounting Podcast

Sponsors BQE CORE: [link] Bookkeep: [link] BooksTime: [link] Show Notes 1:00 - Welcome back, Rachel Fisch! 2:40 - MNP to acquire subset of Deloitte business to expand footprint in select locations across Canada [link] 9:31 – Episode 49 Discussion about KPMG back in December of 2018 [link] 14:49 - EY U.S. Chair Kelly Grier Is Super Excited About EY’s Super Bowl Ad, You Guys [link] 15:15 – Take a listen to EY’s Super Bowl Ad 16:00 - Same year that EY elected to forgo performance based

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How CloudZero Built an Engineering Culture of Cost Autonomy

CloudZero

As a cloud cost intelligence company, we often like to say “every line of code is a buying decision”. If you’re running on AWS or one of the other big cloud providers, you know that a simple decision about how to architect an application can have a significant impact on your future cost of goods sold (COGS).

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Why Professional Auditing & Accounting Firm Are Important For Your Business?

Billah and Associates

If you want an accurate evaluation of your financial position, you need an accounting auditing firm. Not every business has enough resources to audit its accounts. Accounting ensures that you have proper data of your income & expenditures, assets, liabilities, investments, and much more. It provides a complete overview of how your finances stand at a particular date.

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Helping a start-up scale up

Dext

Massive Rocket used our platform to scale effectively by reducing the number of hours wasted processing expenses from a team that operates around the world. Founder and CEO Thierry Sequiera speaks about moving from a month-end model to one that operates in real-time – and how easy it was to get there.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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Is Paperless Accounts Payable Right for Your Business?

AvidXchange

Your business may believe it’s time to consider shifting to an automated and paperless accounts payable (AP) process. But how can you be better informed and more confident this is the right move to make for your company? What factors should you more carefully weigh? Here’s a rundown of the questions you’ll want to answer and issues you’ll need to address.

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Ep. 110: Mitch Perry - Business Transformation (in the Context of Accounting & Finance)

IMA's Count Me

Contact Mitch Perry: [link] FULL EPISODE TRANSCRIPT: Mitch: (00:00) Thanks for coming back and listening to another episode of Count Me In, I'm your host Mitch Roshong, and this is the 110th episode of IMA's podcast series. Today you will hear from Mitch Perry, CFO for Blue Cross Blue Shield of North Carolina. Mitch is an experienced executive with a demonstrated history of leading effectively across multiple industries, including healthcare, energy, and insurance.

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Crypto Update with Shehan Chandrasekera & Dr. Sean Stein Smith

Cloud Accounting Podcast

Guests Shehan Chandrasekera, CPA [link] CPA Practice Advisor 40 Under 40 honoree Head of Strategy for Tax at CoinTracker Dr. Sean Stein Smith, CPA [link] Assistant Professor at Lehman College (CUNY) Founder at Company NameInstitute for Blockchain & Cryptoasset Research Show Notes 2:55 - Bitcoin to Come to America’s Oldest Bank, BNY Mellon [link] 4:49 - Tesla Buys $1.5 Billion in Bitcoin: What Could Possibly Go Wrong?

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Finance: This Is Why Your AWS Bill Seems So High

CloudZero

It’s no secret that AWS bills are confusing.

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Travel and Expense Policy Success: Your Essential Checklist

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.