Technology is transforming the way businesses keep track of their financials, consumers purchase products, and portfolios are tracked. Tasks that used to take hours of intensive labor now take a matter of minutes. Most industries now have technology worked into everyday tasks throughout the organization, from the factory floor all the way to the high-level…
If Your Software Provider Doesn’t Have a Valid Implementation Methodology, It Will Cost You
Successfully accomplishing a project depends on a variety of factors, including team members working together, straightforward communication, strategic goals, and a clear plan. When it comes to implementing a software program planning is a vital component that contributes to success. Understanding the basics of an implementation plan, the importance, the risks of foregoing a plan,…
How Does Wealth Management Differ from Asset Management?
Managing your money and making the right financial decisions is important for your long-term goals, but handling these things can be difficult on your own. A financial expert can help through two main types of services: wealth management and asset management. Asset management focuses on growing investor money while wealth management looks at the overall…
Revolutionize Your Family Office Reporting with These Simple Steps
What once was a simple spreadsheet or document in a three-ring binder has completely shifted in the 21st century. Advancements in data analytics, visualization tools, and software programs now create a new demand for family office reporting. Sticking with old and outdated reporting habits may have a serious impact on your business. Revolutionizing your family…
Advantages of a multi-family office
Joining or helping to found a multi-family office is an opportunity that comes to a select few, and is usually a once-in-a-lifetime event. A financial stewardship and investment company dedicated to a few ultra-wealthy families’ financial growth and success can be an incredible responsibility for the individuals and families concerned. There are many factors to…
The Ultimate Private Equity Corp Guide
A private equity corp is incredibly valuable for businesses and investors. Companies get access to low-interest loans, and venture capitalists (VCs) can sometimes get better annual returns than the S&P 500. However, before anybody decides to try and reap the benefits of a private equity corp, they must first understand the basics. Becoming knowledgeable on the…
What Partnership Accounting Experts Want You to Know
Partnerships are a popular option in the business community with members enjoying added liability protection and increased capital raising potential. Simply choosing a partnership structure without doing your due diligence leads to trouble down the road. From problems dissolving the business to unfavorable tax situations, you want to be an informed business owner. Partnership accounting…
How To Best Navigate R Accounting
AI and Automation in Accounting: The Future is Here
No matter what sector they are in, companies all around the world are finding a use for artificial intelligence (AI) and automation. In fact, a 2021 survey by McKinsey found that 56 percent of respondents had adopted AI for at least one function of their business. One way all companies can use the advanced data…
