Finding the Right Accounting Software for your Professional Services Firm

By Wiss, Posted in Advisory Services

By Paul Ursich Emerging engineering firms and other professional services companies quickly outgrow the rudimentary accounting system software they buy off the shelf to get started. Although these starter systems can handle the basics, such as financial reporting, accounts payable processing and accounts receivable, they have limited capability for handling employee time reporting, expense reports, project reporting and related functions. However, there are several software packages specifically designed... read more.

Beware the Temptation of Offshore Consulting Services

By Wiss, Posted in Advisory Services

By Paul Ursich Outsourcing accounting consultancy services overseas can be a tempting strategy for gaining expertise at a highly competitive cost. But as someone who’s previously done that, here are a few precautions I learned along the way. Language can be a barrier. I admire anyone with any degree of fluency in a second language. But while you can easily find English-speaking talent almost anywhere, there are degrees of familiarity with the language. When addressing, in person, someone who speak... read more.

Y2K15 Technology Assessment

By Wiss, Posted in Advisory Services

By Paul Ursich  Remember what you went through in the late 1990s as you frantically sought to assure yourself and others that your computer systems would survive the turnover to the year 2000?  Fifteen years later, this is a good time to review your technology and infrastructure haves, have-nots and should-haves. But this time around, you don’t have to be frantic. Take your time in 2015 to assess your needs and determine how to invest to meet the demands and embrace the exciting new opport... read more.

Seven Critical Steps to Upgrading your Accounting Software

By Wiss, Posted in Advisory Services

By Robert Risk  Corporate accounting software generally lasts about 10 years before users get bogged down with a system that’s out of touch with current needs. Perhaps your people use Excel spreadsheets for processes that should be easily automated. Or the company has grown to where your existing software can’t keep pace. Or — worst of all — you can no longer trust the numbers on your reports. As you look for a cost-effective system that will serve your needs now and into the... read more.

An Evolving Role

By Wiss, Posted in Advisory Services

Look for a diversified skill set when choosing a CFO By Paul Ursich Today’s CFOs need a firm grounding in accounting, financial reporting and tax planning as a starting point. They also need an understanding of computer software systems, a good working relationship with your company’s IT department and the ability to develop company strategies. An effective CFO must also be a smart manager and a team builder who can engage your controller and accounting department. This combination can be dif... read more.

Make the Numbers Add Up

By Wiss, Posted in Advisory Services

How to ensure successful implementation of new accounting software By Robert Risk  At some point, nearly every company will start thinking about upgrading its accounting system when the pain points become difficult to dismiss. Here are a few things to think about before making a complex, long-term decision that affects your entire enterprise.  Know when it’s time. Frantic energy — a lot of it — can be one of the first signs that your accounting software system is overdue for... read more.