2014
15 September

Lincoln Child Center Selects Armanino and Adaptive Insights to Improve Budgeting

Enrico Hernandez, Lincoln Child Center’s CFO, shares Cloud budgeting and forecasting tips at Armanino’s Silicon Valley Cloud Solutions Networking Event. The Adaptive Planning solution implemented at Lincoln Child Center has prompted organizational change. Before the new solution, leadership had to constantly ask and wait for the budget and had little knowledge of what was happening with the Center’s finances. Now all employees are much more collaborative and it’s benefitting the Center as a whole. www.amllp.com/adaptive-insights.

2014
10 September

Current Systems Won’t Optimize Business Processes

Cloud SolThe Cloud Accounting Institute’s Annual Benchmark Survey  has indicted that many financial systems currently in use are not optimizing business processes for their users. Terrible and poor marks were given for adapting to changing business or process requirements, publishing complete and relevant information to stakeholders, optimizing business processes, reducing process inefficiencies, and improving ROI. Half of respondents felt their system was average at providing financial information to decision makers, maintaining an effective internal control structure and process, reducing fraudulent transactions, managing performance in the context of business risk. These same respondents expect their SaaS solution to be good or excellent in these metrics.

Read the full results here.

2014
8 September

It’s Getting Cloudy…

73% of respondents in the Cloud Accounting Institute survey indicate their companies are already using a Software as a Service or Cloud Solution. With the market expected to reach $210 billion by 216, it’s not too late to see the advantages a solution can provide you and your business. All companies will need a solution, so why not start saving now?

Click through our Cloud 2.0 Slideshare below to learn more.

2014
5 September

Marketo Scales Business with Armanino’s Intacct-Coupa Integration Pack

Brian Kinion, Marketo’s VP of Finance, shares Cloud integration insights at Armanino’s Silicon Valley Cloud Solutions Networking Event. Armanino helped Marketo integrate Coupa with Intacct, providing Marketo with many business advantages over the last few months. Processes have been streamlined for efficiency and integrated with existing software. By working with Armanino to build the connection between Coupa and Intacct, Marketo has reduced operational friction and has been able to scale their business more effectively.

www.amllp.com/intacct-marketplace

2014
2 September

Preparing for Budget Season

Budgeting Season is coming! Here are some tips to help you get your Adaptive Planning model ready.

1. Run formula validation to make sure your budget version is error-free.
2. Update allocation rules in the Allocation Manager.
3. Validate initial budget driver and assumption values.
4. Create reports with alternate reporting structures using Account Attributes and Level Attributes.
5. Test your system –
a. Add an employee starting mid-year, mid-month. Verify personnel accounts update accordingly.
b. Add a capital purchase mid-year. Verify depreciation expense and fixed asset accounts update accordingly.
c. Adjust assumptions and budget drivers. Do expenses respond appropriately?
6. Review User Groups and validate version access – make sure you give and lock access to budget managers by version.

Need any assistance? We’re here to help – contact us at AdaptiveSupport@amllp.com

By Amy Morgan, Senior Consulting Manager at Armanino

2014
2 September

9 SaaS Differentiators and Benefits

using-cloud-accounting-software-to-find-new-talentSoftware as a service (SaaS) is differentiated from hosted solutions or ASP (Application Service Provider) solutions on a number of various points. Benefits to end users can be direct or indirect.
According to a recent interview with Dave Burlington, partner and leader of Armanino’s Cloud Solutions practice, these are common SaaS differentiators and the benefits end users can expect to realize.

Built from the ground, up on a multi-tenant architecture – This basically makes it easier for the provider to deploy and manage the application; lowering overall costs. This translates into a benefit for customers by allowing for lower service pricing.

New releases delivered promptly to all customers at the same time, seamlessly; without requiring upgrades – There are two benefits here:

1) The end users have access to the latest, and presumably best, version of the software

2) Allows the provider to update one code base without having to upgrade hundreds of individual systems; lowering overall costs, which should result in lower service pricing.

2014
27 August

Making Equity Software Work for Any Situation

12601829_lThere are many equity management software options currently available to help manage your equity plan. All of these options come with similar basic functionality but each come with unique features. Unless you are going to run with a custom made software program, limitations are to be expected.

A good first step when making a decision as to which option to pick, is thinking simple and focusing on the best return on investment for most of your needs. Take the time up front to research and understand not only the financial aspect but the time aspect. For example, how long will it take to train your internal staff to use this software? Usually the more custom the option, the more time and money spent to maintain.

2014
22 August

Maximizing Your Cloud Integrations

Cloud Integration: Clearing the ConfusionCloud solutions have the advantage of being built from the ground-up with open API’s designed specifically for integration. This is a key enabler to implementing best-of-breed solutions that can be orchestrated to support your business needs but it requires more than just basic data integration. In order to enable world class business processes, integrations must incorporate rich business semantics. Having rich, configurable, pre-built integrations between systems allow for much quicker, durable and robust implementations.

For instance, when integrating your core financials to you budgeting and planning system, the following considerations need to be taken into account:
• What dimensions/attributes are you using in your core financial systems? How will those be including in your budgeting and forecasting?
• At what level of financial detail do you want to use in your budgeting and planning process?
• How is your planning done? How many different models are you using and how do they relate to each other
• How do you want to map your financial data to your planning and budgeting model?
• How should budgets and plans be reflected in your core financial systems to support closed-loop planning?
• What is your budgeting and planning frequency?

Armanino’s Integration Packs provide solutions that address questions such as these, and are easily tailored to each customers unique needs. Leveraging Armanino’s years of cloud financial integration experience and IP provides a “quick start” to a world class implementation, and ensures you systems will work together going-forward.