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How Do Upgrades Work in a Cloud Accounting Application?

The following article was featured on CIO.com

Upgrading your on-premise financial management (ERP) system is a major undertaking. It take a long time, it is risky, it costs a lot and it really adds little business benefit. You are forced to upgrade as the vendor will only support a version of the...

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Procuring Modern Procurement

Is procurement a strategic initiative? Most companies don’t see it as such; too often we encounter corporate initiatives that consider Procurement an afterthought not required for inclusion in strategic discussions, leading to process and systems designs that are not user-friendly. However, with a...

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Lease Accounting Changes - 5 Steps to Prepare

By: David Kay

Big changes are on the way in the lease accounting world

The FASB and IASB (“the Boards”) are expected to finalize their respective new lease accounting standards towards the end of 2015. The Boards will set an effective date before issuing the new standards. The new standards will radically...

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FATCA for Asset Managers

By: David Kay

What is it?

The Foreign Account Tax Compliance Act (FATCA) is a law intended to make it harder for U.S. citizens to avoid paying taxes on income derived from offshore accounts

How will it work?

Foreign Financial Institutions (FFI’s), which also includes offshore domiciled funds of a U.S. Based...

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Saving the Bank Loan Market with...Bank Loans

One of the culprits of the financial crisis was the 'originate to distribute' model where loans were made expressly to be sold into securitization pools, which meant that the lenders did not expect to bear the credit risk of borrower default.  As such, the Dodd-Frank legislation enacted in the wake...

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Don't Be Fooled by Fake Cloud Finance Systems

This article was featured on CIO.com

The cloud is a hot topic and trend today for finance and accounting. Everyone is claiming a 'cloud' offering, but not all clouds are the same. Here's how to distinguish a 'true' cloud from a 'fake cloud'.

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Don’t Let New Dodd-Frank Regulations Keep You Off the Beach

Background

Summer often brings to mind lazy days, time spent at the beach or lake, and generally enjoying nice weather. For those in the banking industry, summer 2015 may as well be renamed the “Summer of Dodd- Frank”. There are several key dates coming up this summer for both U.S. banks and...

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