STUDY: The Contemporary Controller—Changing Roles and Responsibilities
In the Fall of 2020, the Controllers Council surveyed more than 300 Controllers, CFOs, and related professionals in accounting and corporate finance roles. The objective of this study: to identify how the roles and responsibilities of these important executives have changed, adapted and evolved. The conclusions, carefully documented and analyzed in this Benchmark Study Report.
Sales Tax Changes Report 2021
Tax compliance is always complex; but in 2021, its complexity has been compounded with the challenges facing businesses continuing to adapt to the effects of COVID-19. Now, more than ever, businesses need to keep a careful eye on legislative changes and emerging trends as state and local governments look to recoup revenue losses due to business restrictions and closures. The 2021 sales tax changes report covers all this and more.
A Surge in Bankruptcies and Insolvencies: How to Keep Your Business Afloat
The rise in insolvencies and bankruptcies worldwide are adding major pressure to supply chains. When you extend credit to a client, you take a risk that the client will not pay, and your cash flow will be interrupted. With the COVID-19 crisis and the surge in bankruptcies, your key customers that struggle financially or declare bankruptcy could expose your business to loss.
Get your free copy to learn about the unique challenges you may face if one of your customers starts proceedings.
eBook: Automating Your Financial Processes
Consumer digital payments are now more common than traditional payment methods. They’re quicker, easier, and more convenient than paper checks or dollar bills. Businesses, however, have been slower to join the digital payments revolution. Surprisingly 86% of businesses are still using paper checks.
Learn how your organization can move to a more efficient AP & AR process. Download the eBook Automating Your Financial Processes to learn how you can implement an automated approval workflow for POs to reconciliation, stop using paper, and decrease missing invoices.
The Definitive Guide To the Month-End Close
The month-end close for many accounting teams is a labor-intensive, reactive process. There are, however, some simple ways to better organize your people, process, documents and reconciliations to streamline, speed and improve your close.
In this guide you’ll learn, tips and recommendations for building the optimal accounting team, best practices to structure your checklist, along with templates you can use, and how to best structure supporting documentation.
The New Realities Changing T&E Management Post-COVID
Balancing cost control and growth is the #1 responsibility for finance leaders in 2021. Ensuring financial processes can adapt quickly while delivering visibility, control, and compliance is imperative to your organization’s future. The New Realities Changing T&E Management Post-COVID covers everything you need to know to create a robust payments and expense program backed by innovative tools.
Download this guide for the relevant, real-time lessons that finance teams are using to prepare for a more financially sound tomorrow.
Global Supply Chain Survey: In Search of Post-COVID-19 Resilience
COVID-19 disrupted supply chains across the globe. To get a pulse check, Euler Hermes surveyed a sample of high-level executives in 1,181 companies across six sectors to learn more about their experiences with disruption and their plans to make their supply chains more resilient. While almost all (94%) of companies surveyed reported a COVID-19 induced disruption to their supply chains, U.S. companies stand out, with 25% reporting “severe disruption” (vs. 17% for other countries).
Will this crisis mark the beginning of the end for global supply chains? Get your free copy of our survey report to learn more
ASC 842 Lease Accounting Standard Handbook for Private Companies
Get ahead of the private company lease accounting deadline while driving savings.
Even though your deadline for complying may have moved out, it is time to start getting your organization ready to meet the new ASC 842 Compliance standard for private organizations. Your leasing portfolio is probably more complex than you realize, so utilizing this extra time will pay off as you start to automate the process.
Tax Returns for Small Business
Filing sales tax returns in the United States is complicated and time-consuming. Every state that collects sales tax has its own rules, regulations, and schedules for how returns should be filed, and how often. Keeping this straight was never easy but it was manageable when you only had to worry about filing returns in states where you had physical stores. Now, with remote seller laws, you’re likely having to do a lot more work.
In this whitepaper learn how Avalara Returns for Small Business automates the sales tax return preparation process, so you don’t have to go through the hassle of remitting tax and filing returns manually for every state.
eBook: 2020 Survey of Automation in the Finance Back Office
In the first half of 2020, Auditoria.AI set out to determine the top challenges facing today’s accounting and finance teams, as well as to ascertain the level of automation present in the modern finance back office. To that end, Auditoria.AI surveyed several hundred finance professionals across the US and asked them to complete a simple twelve-question survey. The results are now available in this quick-read eBook.
Controllers Code – The Secret Formula For a Successful Career in Finance
Free for Controllers Council members
Controllers in the 21st Century need to master more than technical accounting skills to become the strategic leaders their companies need today. They need to be effective leaders and managers, explain complicated accounting at a high level for the C-suite, be a technology expert, and still ensure that their teams are doing the accounting right.
Unfortunately, these skills aren’t taught in traditional accounting classes. This book offers real world guidance from Financial professionals to help you navigate the world of the modern controller.
Controllers’ Guide to Artificial Intelligence (AI)
Artificial Intelligence (AI) is permeating business and organizations of all types and sizes. For those in the accounting and finance department, AI may have one of the most significant impacts on the way you work. The Controllers’ Guide to Artificial Intelligence (AI) will provide a concise but complete view of AI and related technologies of Machine Learning (ML), Robotic Process Automation (RPA) and more. The guide will focus on the applications and opportunities for the accounting function, exploring the role of “Robots” in the Accounting process.
Visibility, Control and Scalability: Why AP Teams Should Automate Now
As the business landscape becomes more challenging, today’s AP teams are being asked to do more than ever—navigating a new economic climate and shifting to remote work while keeping up with payments, controls, compliance, and visibility into your AP operation.
You can’t afford to let any of that slip, even as demands on your time continue to grow. IOFM partnered with Bill.com to explore how small-to-medium organizations can solve the unique challenges they face without having to adopt a complex enterprise AP solution.
Understanding the Modern Controller: A Survey of Financial Controllers
The role of the financial controller is transforming. In fact, 95 percent of controllers say that their role has become increasingly important and strategic, and over two-thirds characterize the controller as a “risk manager” versus a “number cruncher.”
Download the survey report from FloQast to learn how the role of the controller is evolving beyond the stereotype of the number-crunching-report-writer, why controllers are reporting higher job-related stress than in the past, even though their career prospects are looking better than ever, and more.
Expert Insights to Maximize Business Performance in 2021
AvidXchange recently polled more than 500 U.S. business leaders and learned that more than 60% feel well positioned for growth in 2021.
But of course, there are still key challenges to overcome in the days ahead.
For insight on what you can expect to see and how organizations can navigate critical challenges and areas of opportunity in the new year, AvidXchange tapped into several industry experts, including Quentin Hardy, head of editorial for Google Cloud, and Guy Adami, Wall Street veteran and one of CNBC’s original “Fast Money Five.”
ASC 606/IFRS 15: The Definitive Guide to New Revenue Recognition Rules
In what has been described as one of the largest changes to GAAP in the past decade, 2014 marked a year in which the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) sought to bring consistency across industries, enhance disclosure, and simplicity for those preparing and relying on financial statements. Get perspective into the changes and some of the best practices to prepare for FASB ASC 606 and IASB IFRS 15.
The Controller’s Guide to Hiring an IT Consulting Firm
Depending on the size of an organization, and the scale of its information technology (IT) systems and processes, IT can often report to, and be the responsibility of the finance department. This scenario is prevalent in small, start-up and even mid-market organizations. Today’s finance executive must understand, and often direct IT projects and investments. This Controller’s Guide to Hiring an IT Consulting Firm will identify typical services, 5 reasons to hire an IT consultant, a checklist for choosing the right firm, along with some tips for achieving a successful relationship.
Making Finance Reinvention Happen
The best Finance organizations are looking for different, if not daring, ways to improve the way they function and the services they deliver.
But these reinvention efforts often fail to gain traction with the team. Maybe they’re too tough to launch, too complex to maintain, or teams aren’t fully aware of what’s possible with a new solution. If businesses want to remain relevant in their market, they’ll need to remain competitive—and that requires an appetite for reinvention.
Consumer Use Tax: A Bane for Businesses
Consumer use tax has long taken a back seat to sales tax when it comes to compliance. Many businesses either pay it little mind because they don’t understand its complexities, or are completely overwhelmed as to how to tackle compliance. It seems counterintuitive — even risky — to ignore something as significant as tax owed. Businesses trying to manage their consumer use tax liability will tell you: It’s not that simple.
An Accountant’s Guide to Excel
For decades, accounting departments around the world have relied on Microsoft Excel to accomplish much of their work. As expectations for accountants continue to evolve, it can be difficult to keep up with — or remember — the best of what Excel has to offer.
In this guide, you’ll learn how to effectively use the VLOOKUP function, how to use text functions without editing, and using the Combine and Trim tools to clean up a spreadsheet
The Definitive Guide to Modern Accounting
A modern accounting department requires a modern accounting system or software solution that can support streamlined accounting processes and reporting. This Guide to Modern Accounting will detail 4 Keys to Modern Accounting, identify 20 accounting functions that can be automated, along with 18 categories of potential software integrations. Of course, no guide would be complete without modern accounting case studies, and related resources.
The Ultimate Guide to Cloud Migration
The term “cloud migration” can mean different things to different people. For some, migrating workloads from on-premises infrastructures to the cloud is an opportunity to be grasped with both hands. For others, there may be a reluctance to change existing work practices; which, possibly coupled with a fear of the unknown, can be a handicap to taking advantage of what the cloud has to offer.
For people who fall into the second category, this guide to cloud migration has been prepared for you.
AP Automation Buyer’s Guide
You know the stories: an important invoice that went missing, a fake invoice that was mistakenly paid. And we’ve all wasted time entering the same data into multiple systems, such as an AP subledger, a check or online bank account, a reconciliation spreadsheet, and then the general ledger. Automated AP solutions can help avoid these scenarios.
Working with Proformative, Bill.com collected 10 evaluation criteria for evaluating any AP automation system—with more than 50 questions your provider should be able to answer.
6 Ways to Improve Your Audit Readiness (And Lower Your Costs)
Even for the best-prepared accounting teams, the annual audit can be a time of immense anxiety and sometimes frustration. Between client and audit team miscommunication, haphazard PBC lists, fluctuating trial balances, and the simple fact that the in-house accounting team has already moved on to a new fiscal year, it’s no wonder why everyone is happy when the audit wraps up.
As strenuous as the audit is perceived — and often proves — to be, there are a number of steps businesses can take to relieve some of that stress and positively impact the audit.
Tech Trends Controllers, CFOs and Accounting Managers Need To Know
Understand the new and most influential technology trends in accounting and how they deliver value in terms of faster and more accurate results.
This guide spotlights five new technology initiatives that are impacting finance and accounting teams and explains what they are and how they’re anticipated to impact accounting.