26 January

Scott Schimberg Named to Armanino Partnership

Scott Schimberg, Partner, ArmaninoScott Schimberg was recently named to the partnership team at Armanino. With over 20 years of accounting experience including Controller and VP positions, Scott is perfectly equipped to join the leadership at Armanino.

Andy Armanino, managing partner at Armanino noted of the partner additions, “Each of them possesses a passion for serving our clients and acting as leaders in the firm by ensuring top-of-the-line quality client solutions and preparing our staff through guidance and mentoring.”

As the leader of Armanino’s Intacct team, Scott is no exception. Learn more about Scott Schimberg and the rest of the Armanino leadership team.

Read the full announcement from Nasdaq GlobeNewswire on the newest additions to the Armanino partnership team.

23 January

Stock Based Compensation – Year End Inventory

It’s that time of this new year to start thinking about updating your stock based compensation for fiscal year 2014. If you’ve been keeping up with quarterly activity and updates, you are already ahead of the game. Regardless, there are several things to keep in mind to ensure your stock-based compensation expense is accurate and up to date. We highlight a few of the bigger items you can incorporate into your yearly checklist for stock-based compensation.

1. Forfeiture Rates: Is this updated? Are you using a rate and if so, are you allocating by employee type? Normally, allocating expected rates amongst executives vs. non-executives is a good basic approach to bifurcation. The assumption is that executives would normally stay on longer with the company and thus have a lower forfeiture rate.

Running actual forfeiture calculations on historical grants/awards will give you a better idea of expected rates, but this assumes a long enough history with a relatively sufficient amount of terminations over the years. If you have an unusually loyal workforce with relatively zero termination activity, using a low flat rate should be fine. With fairly new plans, determining a good rate is difficult, and so, the consideration of even using a forfeiture rate should be kept in mind.

2. Volatility: Is this updated? If calculating for a private company, are you using the most recent 409A valuation to update public peers? If you’ve recently gone public, you probably won’t have sufficient price history for the look-back/expected term in question. If not, continuing to run with public peers that have a sufficient history is a good option.

16 January

Armanino Named 2014 Intacct VAR Partner of the Year

Armanino Wins Intacct VAR Partner of the Year (2014)Armanino was announced as the 2014 Intacct VAR Partner of the Year during Intacct’s annual conference last year. As Intacct’s largest VAR, we’re excited to be awarded this honor for the 4th year in a row.

Check out our awesome cloud team accepting the award during Intacct Advantage in Orlando last year.

Learn more about Armanino’s Intacct practice with deep financial expertise and unparalleled cloud enablement, customization, and integration capabilities to see why we’ve been chosen as the Intacct VAR Partner of the Year 4 years running.

(Thanks to Intacct for the photo)!

5 January

Intacct CEO Receives Customer Focused CEO Award

Intacct CEO, Robert Reid, has been named the 2014 Gold winning Customer Focused CEO by the annual CEO World Awards. Over 40 judges scored companies of all types and sizes, judging qualities of leadership, customer satisfaction, innovation, and more. Accounting Today noted Mr. Reid was selected “for driving explosive growth at innovative companies, his customer focus, and his deep expertise in cloud computing.”

Mr. Reid also took the number 1 spots for Glassdoor’s highest rated SMB CEOs and GrowthCap’s Top 25 CEOs in Financial Technology.

Take a peek at Glassdoor’s Top CEOs lists, Growthcap’s report on the Top 25 CEOs in Financial Technology, and  Accounting Today’s report on Rob Reid’s CEO World Awards win.

Learn more about Intacct solutions.

23 December

Embracing Cloud Accounting Technologies

Though cloud accounting has become increasingly prevalent, there are still concerns holding back some businesses. However, avoiding the cloud due to potential risks could prove riskier than planning for those risks. In a recent article from Accounting Technology, the risks are weighed against the benefits. As the article notes, “Mobile technologies are here to stay and today there are ways to run your organization on the cloud while alleviating the security concerns.”

The suggestions include meeting clients on their terms to increased efficiency and productivity, enhancing security by embracing popular solutions rather than allowing employees to seek their own (unsecure) work-arounds, and how to secure data in the cloud.

Read the full article, Quit Dreaming, Start Cloud Computing: Tips to Avoid Getting Left Behind, from Accounting Technology.

Learn more about a successful and secure move to the cloud.

9 December

Evaluating Year-End SOC Reports – Best Practices

As the calendar year end approaches, it’s time to start collecting and analyzing Service Organization Controls (SOC) Reports. SOC reports are independent audit reports regarding your service providers’ controls. Since most organizations choose the calendar year as their fiscal year, vendors and their SOC auditors plan to complete their SOC audits and deliver the reports around now, close to the end of the year. This helps ensure that the related testing was completed as close to year end as possible, which is important for financial statement and Sarbanes-Oxley (SOX) audits.

When obtaining the SOC reports, remember they are audit reports, not certifications. The report may include red flags, and it’s incumbent upon you to read them and determine if there are any matters that negatively impact the service you receive. Be sure to consider these items when evaluating SOC reports:

26 November

Research Reports Adaptive Insights as a Top SaaS Company for Financial Planning

Adaptive Insights Ranks #14The recently released Montclare SaaS 250, an annual research report on the most influential Software-as-a-Service (SaaS) companies, notes Adaptive Insights in a strong position. The report reviews the top cloud business applications including Salesforce, Google, LinkedIn, Workday, and more. Adaptive Insights took the #14 spot out of 250 shooting far ahead of the other cloud competitors in the financial planning space, such as Host (172) and Tide (119), as well as the much larger legacy players, including SAP (28) and IBM (40).  Adaptive also earned a #4 spot on the report’s Top 10 lists for Growth Companies, Innovative Companies, and Private Companies for SaaS.

With an adaptable, all-in-one solution for business intelligence and Corporate Performance Management, it’s no surprise to see Adaptive Insights shooting ahead of competitors. Learn more about the Montclare SaaS 250 and how Adaptive Insights stacks up to the competition. Take a peek at the Adaptive Suite for more on the Adaptive solutions.

24 November

Ensuring a Smooth Move to the Cloud for Equity Implementation

Cloud Implementation for Equity PlansWhen you’re moving an equity plan to the cloud, there are often unexpected data variances that can cause issues during the implementation process. These variances frequently impede the process and can require the implementation to be reworked. This can add headaches and may lead to out-of-scope work or budget impacts.

Getting to know the many preventable data issues before they arise can save time and money. Here is a useful checklist for troubleshooting data issues during the planning stage of an implementation.