Part 3 of 5 of How to Have a Successful IPO and Beyond The IPO process is made significantly easier by efficiently producing financial statements, so there’s significant value in investing in systems (and automation) that can deliver global consolidation and financial reporting. Yes, we are finance people but spend […]
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How to Establish Effective Corporate Governance for IPO Success
Part 4 of 5 of How to Have a Successful IPO and Beyond The public market doesn’t reflect kindly on organizations that can’t effectively govern themselves or have a lot of internal infighting. Companies considering IPOs must establish a corporate governance framework that keeps board members and executive management accountable […]
Read MoreEstablishing Investor Relations and Corporate Communications
Part 5 of 5, How to Have a Successful IPO and Beyond Once a company goes public, it becomes an open book to any and all, meaning the roster of many stakeholders will start to reach far beyond long-term colleagues and collaborators. Investor relations should act like a gatekeeper, ensuring […]
Read MoreHow to Craft a Winning AE Compensation Plan
Hiring salespeople is easy; hiring the right salespeople, motivating the troops, and helping them drive ARR growth takes more work. And for SaaS companies, the forecasting is so acutely tied to how the salespeople perform. For example, how much cash will the company have at the end of two years? […]
Read MoreChatGPT vs. Anthropic’s Claude in Finance Reporting
PART: 1 of 4 Reporting and compliance in finance demand accuracy, timeliness, and regulatory complexities, which result in manual processes, data overload, and high costs. Artificial Intelligence (AI) and automation offer a solution by streamlining operations, improving accuracy, and guaranteeing adherence to regulations. Finance departments can automate tasks, reduce errors, […]
Read MoreHow to be the Expert in Rev Rec with ASC 606 in QuickBooks for SaaS
Doing revenue recognition right takes some work when working in Quickbooks. For SaaS companies, we often have to jerry-rig the process but it does seem to work and we discuss ways to save time and get accurate financials. Under ASC 606, SaaS businesses must follow a five-step process to recognize […]
Read MoreChatGPT vs. Claude in Finance and Accounting (Part Deux)
Claude 3 dukes it out with the latest from Open AI GPT-40 in Internal Control and Audits Are the Numbers Right? Will the Auditors Frown? It’s a big deal to have confidence in the numbers and to make sure that internal controls are tight to show auditors that you know […]
Read MoreAI Meets Your Payroll Provider
We get asked a lot which payroll provider fits well with Quickbooks or Intacct. Digging deeper, we noticed that many software vendors are adding AI to their payroll platforms. Here’s our take on the latest in AI and how it can improve your HR operations and tie things better into […]
Read MoreHow to Bridge the GAP between the CFO & CMO
The Challenge: Aligning Strategies for ARR Growth What’s my budget? That’s typically the CMO’s question during the budgeting process with the CFO. And sometimes the discuss becomes, “well you spend $16 million last year, so we should keep it next year.” But we can do better. Driving strong growth necessitates […]
Read MoreManaging Cash Flow and Getting the Cash in for your Startup
When you have large customers and they decide to stretch out payment terms all of a sudden from 30 days to 60 days while some other customers decide against multi year paid up front deals, it can really cramp your cash flow. It’s something we are wrestling with now. Companies […]
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