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Three Questions to Ask Your Cloud Hosting Services Provider

Everyone likes a good host. And in 2021, you could argue people like a good cloud hosting services provider even more.  We’ve talked before about how cloud hosting services can help your business refine its focus to whatever it does best. You no longer need to worry about IT infrastructure costs and data thieves infiltrating your system.  But there are a ton of cloud hosting service providers out there. How can you decide between all of them? It’s often simply a matter of asking the right questions before signing an agreement. Before you pick out your next cloud hosting service…
Patrick McAteer
February 10, 2021
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Nonprofit CFOs Agree – Cloud Financials Key in Running a Nonprofit Today

In the mission-driven nonprofit world, accounting and financial management can sometimes slip down the priority list.  It’s not always easy to allocate budget dollars to back office infrastructure that doesn’t directly support the nonprofit agenda, and it’s even harder to find the time and expertise to make it all work.  Consider some of the obstacles: Capital investment for software and hardwareFacilities and expert personnel to implement and maintain the systemLengthy deployment cyclesCapacity / scalabilityReliability / availability These issues aren’t part of most nonprofit organization’s core competencies.  That’s why many nonprofits are increasingly turning to new-generation cloud-based solutions to automate financial…
Patrick McAteer
December 17, 2020
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Don’t Ignore Your Company’s Purchase Ordering Process

It’s easy to overlook your company’s purchase ordering process. As business managers and owners, we spend a tremendous amount of our time focused on the revenue our company brings in. And that shouldn’t come as much of a surprise. After all, revenue represents a company’s lifeblood.  But you’ll eventually need to purchase supplies for your business. Whether it’s something as small as ballpoint pens to items as substantial as new laptops, you’ll eventually need to use a purchase ordering process at your company. When that time comes, however, you don’t want to be caught living in the Dark Ages. Typing…
Patrick McAteer
December 10, 2020
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People Analytics During the Covid-19 Pandemic

People analytics are crucial to success in modern business no matter at all times. But its importance becomes only clearer during periods of uncertainty.  Consider the period through which we’re all currently living. Previously, we could check in with our employees to get a general understanding of how they’re performing on their job. While the data we took away from these conversations wasn’t exactly objective, it did allow us to keep tabs on our team. Now, with employees working from home and the nature of work rapidly changing, we need data points. We need to know our hiring process is…
Patrick McAteer
December 3, 2020
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Here are Proven Cures For Your Healthcare Accounting Ills

If you’re a healthcare accounting leader, it’s likely you have a lot on your plate.  Unlike accountants working for most other businesses, your list of concerns doesn’t just begin and end with revenue and costs. Those who work in healthcare accounting understand the degree to which insurance and the general uncertainty surrounding patient intake and outake complicates matters. And trust us when we say an outdated accounting software system only adds an extra layer of complexity.  In our previous post about the challenges of nonprofit accounting, we noted that the first step in the process of overcoming the industry-exclusive challenges…
Patrick McAteer
November 25, 2020
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What’s Your Company’s Order Management System?

There is arguably nothing more damaging to a relationship between a customer and a business than poor order management. Getting the order right is our most basic expectation as consumers. While it’s possible the purchase won’t live up to our personal standards, almost none of us will accept having to call customer service to report a late delivery. Fortunately, a quality order management system (OMS) can reduce the threat of customer dissatisfaction stemming from a mismanaged order. And, honestly, the benefits of an integrated OMS don’t end there. But first, let’s discuss what an order management system is and how…
Patrick McAteer
November 20, 2020
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3 Signs It’s Time to Upgrade Your Business Accounting Software

Eventually, every growing business comes to the realization they need new business accounting software.  As revenues and expenses grow, inputting data into Excel can quickly become a gigantic hassle. All of these tedious tasks take away time your accounting team could instead spend on reviewing new strategic investments. But how do you know it’s time for a new business accounting software system? It all starts with a simple conversation. Spend just a little bit of time going through your CFO or controller’s day-to-day schedule and you should quickly get a sense of whether it’s time for a new business accounting…
Patrick McAteer
November 12, 2020
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Three Nonprofit Accounting Challenges to Look Out For

Nonprofit accounting flips the public’s perception of the field of accounting on its head.  Unlike accounting at for-profit companies, where tasks are fairly routine and issues typically have precedent, nonprofit accounting varies greatly from year to year and even day to day. Much of this volatility can be traced back to sources of funding. Whereas accountants at for-profit companies can usually make relatively accurate predictions of future income based on past results, nonprofit accounting teams are somewhat limited given the unpredictable nature of fundraising.  Of course, uncertain income streams are only one challenge nonprofit accounting teams face on any given…
Patrick McAteer
October 29, 2020
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Bring in More Donors with these Non Profit KPIs

Investors demand transparency. If you’re the leader of an organization that serves the greater good and you aren’t able to provide investors with non profit KPIs, it might be time to rethink your approach.  It’s possible your organization is well established and has a set way of operating that just doesn’t include churning out raw numbers. Or maybe your accounting software isn’t able to quickly generate the non profit KPIs donors demand. No matter what your circumstances are, know this: Modern donors will not donate to an organization without proof it can and will deliver on its promises.  We have…
Patrick McAteer
October 22, 2020
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Three Accounting Software Selection Questions

No two businesses are the same. And so it shouldn’t be surprising no two accounting software selection processes are the same, either.  It’s challenging enough to decide on a new accounting software vendor. Determining what features and services your company needs only adds an additional layer of uncertainty. Ultimately, the final decision your company makes should come down to pain points experienced across the organization. As your company embarks on the accounting software selection process, ask yourself the following questions. 1. Who will be using the accounting software and where will they be using it?  User licenses are one of…
Patrick McAteer
October 15, 2020
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