Views from the Cloud

Closing the Books – It Doesn’t Have to be Difficult!

As a CFO, Accountant, Bookkeeper, or even someone who works alongside one of these individuals, you probably know that closing the books can be a daunting task. An added stress is if you are a family office, asset management or private equity firm that needs to consolidate the books from multiple en

Family Office & Private Equity Deal Flow Collaboration

According to Investopedia* - While deal flow can be generated from a number of sources, the proposals that are likely to garner the most attention are the ones from companies or entrepreneurs where a previous investment has been successful, or where there is a solid existing relationship. On the oth

Making the Switch – Historian to Futurist

I have had the opportunity to attend various tradeshows and events as a member of the Black River Technologies team over the past few years. Time after time, I never cease to be surprised by the number of organizations that are still 'chugging along' with either an entry level software package like

Trends in Operational Metrics Show Demand for Greater Insights

By Robert Reid, CEO, Intacct Corporation Every modern business uses software management systems, but the best use systems that bring strategic, operational, and financial data together to support and optimize a performance-driven organization. For software companies in 2015, this requires new attrib

Blinded By Experience!

Yes, it is true, we can be blinded by experience. The more we know about something, the more inclined we will be to miss seeing the things that are new on that topic.  And as our experience in the subject matter increases, the fundamental assumptions surrounding it will become deeply ingrained in a

A Move To The Cloud & The Dickens Process – Really???

Can our decision of a move to the cloud and The Dickens Process be related?  The Dickens Process is based on the the character of Scrooge in Charles Dickens classic book, A Christmas Carol.  Without delving into the psychological weeds of this issue, the principle is very simple. What will my futu

Family Office Monthly Reporting

The accounting department has long been viewed as custodian and curator of financial data. However, whether it’s bringing the data together or distributing the financial results broadly, the financial reporting process has long been an onerous drudgery of information assembly, validation, and repo

Single Family Office Summit

We are looking forward to once again being a sponsor at a Family Office event. On February 17, 2017 we will be sponsoring the the Single Family Office Summit being held at the Fordham University School of Law.  We look forward to reconnecting with friends and making new ones at this event. About Th

Wealth Management By The Numbers

This simple success story discusses how one financial services firm was able to scrap Excel & Dynamics GP, as well as reduce financial reporting time Following some simple steps outlined in this whitepaper on Driving Performance in Wealth Management Firms, you can expect to drastically reduce fi

Wealth And Asset Management Firms Thriving With Intacct

  A true cloud based accounting system for investment management The Infographic below speaks for itself Listen To The Halstatt Webinar 2017 The Year of Instant Financial Consolidations To Learn More, Please Click Here

Intacct vs. NetSuite – From G2 Crowd

Tools G2 Crowd is the world’s leading business software review platform, leveraging its 100,000+ user reviews read by nearly 700,000 software buyers each month to help them make better purchasing decisions. By bringing the collective power of trusted peers to the forefront, business buyers now

Dashboard Reports

Dashboard Reports are to businesses what cockpit control panels are to pilots. It’s the business equivalent of dials and meters, all designed to provide a user with a snapshot of the status of the business using KPIs. The KPIs on Dashboard Reports should be a mix of financial and non-financial in

Aggregate Data – The Data Driven CFO

Approach 2 - Aggregate data from disparate sources to improve analysis Today, leading financial systems address many of the shortcomings of the traditional approach to ad hoc reporting. These systems enable operational data from outside of the financial system to be integrated with the other dispara

Family Office Dashboards – The D In CCD

Many financial professionals who work in the Family Office space of the wealth management sector regularly experience the pain of CCD – Consolidation, Chart of Accounts and Dashboards. Consolidation – Taking up to 100 hours across complex entity structures Chart of Accounts - Growing out of cont

Are You A Data Driven CFO?

3 new approaches to attaining deeper financial analytical insight Approach 1 If the old ways are now less effective, then what ideas and technologies are replacing them? Industry leading finance teams (led by data driven CFO's) are adopting and following three new approaches for achieving a timelier

Are You Headed Towards Irrelevance?

Why are organizations skeptical about moving to the cloud? Many are not sure what that truly means. Many are concerned about cost. And yet cloud vendors tout that cloud solutions are easier to implement and less expensive to deploy than on premise solutions. Perhaps an example can help. Intacct was

Wealth Management – The Controller Pain Chain – Part II

This is the last in our series of articles analyzing the Pain Chain as it relates to Wealth Management.  We conclude with the final pain points of the Controller in a Wealth Management Organization. Wealth Management Goal 3 – Minimize Risk The Requirement You need a full audit of intercompany t

Wealth Management – The Controller Pain Chain – Part I

Continuing our analysis of the Pain Chain as it relates to Wealth Management, this week and next we will explore the pain points of the Controller in a Wealth Management Organization Wealth Management Goal 1 - Maximize Growth and Profitability across the Operating Companies The Requirement You need

Wealth Management – The CFO Pain Chain – Part 2

Continuing last week's theme, the following are the other two noteworthy pain points experienced by CFO's in the Wealth Management Sector   Wealth Management Goal 3 - Minimize Risk The Requirement Your Wealth Management firm has created a network of operating companies to minimize liability an

Wealth Management – The CFO Pain Chain – Part I

Wealth Management Goal 1 - Maximize Growth and Profitability across the Operating Companies The Requirement You have created a network of operating companies to minimize liability and protect the assets. You need access to on demand, financial and management reports that consolidate and drilldown by

Financials – Anytime, Anywhere, Any Device

Intacct - Cloud Financials Learn why Intacct is the leading provider of cloud financials just a few minutes. Do you need??? Reporting and analysis across multiple business entities with comprehensive financial consolidation. Custom defined workflows reducing errors and processing c

The Changing Role of the CFO

An article* published this year in Forbes BrandVoice, noted that the skills and talents CEOs and Boards are looking for in a CFO are changing - what got you into your current position won't be enough to get you to your next one. Looking at the CFOs of top Fortune 500 companies, only a staggering 27

Speed Up Month End Close

Check out a fascinating month end close statistic from TechFact: 82% of surveyed Intacct customers reduced the time needed to complete their month-end close by at least 20% since switching to Intacct’s cloud ERP software. Learn more, Explore the Power of the Cloud.

The Pains of Fund Management

Fund management is becoming an increasingly challenging task.  From the Chief Financial Officer on down, the pains of many fund managers have a common theme.  Using QuickBooks and then using Excel to do the required quarterly consolidations.  This can take from 10's to 100's of hours and is an er

Going Public?

What a milestone in a company's journey! The finance team however has a new set of burdens...control, reporting, accounting. Not to speak of the fact that after the IPO, the finance team will have to support both strategic complexity and operational growth. In order to transform into a public compan

Radical Change Has Arrived And So Has The Tech-Savvy CFO.

The world has become information-centric with the pace of business being faster than ever.  The market is changing, business is changing, the way information is analyzed is changing.  The question then becomes: Are you, as the CFO, changing? Are you a tech-savvy CFO? Methods that were tried and tr

Outcome Metrics & Nonprofit Accounting

The age of transparency and accountability is here.  As a result, the nonprofit organizations of today are constantly seeking ways to produce and demonstrate successful outcomes. Nonprofit outcome metrics matter because they deeply impact Funding Accountability Stewardship In order to boost their s

Elevate Your ERP Experience

  Intacct can make a big difference in your organization.  Here's how. Built for Finance Built for Growth Built for the Cloud Built for Success Built for Public Companies Read more here about each of these points to see how Intacct can truly make that organizational difference you have been l

What is causing these financial results?

A question asked by many CFO's, VP's and other key corporate decision makers. The answer, in and of itself, is not complex.  How do we see the cause? By having performance and operational insight into the business. Deep insight.  Insight that allows us to correct the course based on real-time info

Complete Visibility Of Your Organization

Do you have??? Flexible reporting capabilities, dashboards, performance scorecards Real Time Balance Sheets and Income Statements Dimensions Unlimited Visibility Instant Insight Live Data - that you can filter What-If Scenarios If your answer is no to ANY of the above mission critical business requi