The proposition is simple: Technology should make you more competitive, and transform the way you do business. Only Cloud software can automate your operations, report real-time trends, and allow true browser-only access. Not traditional accounting software. We deliver on the promise of Cloud, with offerings from Sage Intacct and with expertise in accounting, reporting, project management, and the underlying system. All critical to successfully implementing enterprise software, and transforming your business operations.
To transform your business we follow a four-step plan. In-depth assessment allows us to design a system to automate your business. This occurs before implementation. Our training and support follows a well-built system.
We manage for long-term success, and differentiate our services, using the expertise we’ve developed over the past twelve years. Here’s our recipe for making your implementation work:
Build a Bridge — Develop a strong working relationship with your team, and leverage our collective efforts. This speeds the implementation, and ensures the system rollout keeps with your requirements. Building trust is critical to long-term success.
Manage with the End in Mind — Deliver the valued solution we planned with you for your business. For you, this could translate to greater efficiency, visibility, speed, compliance, and/or ability to scale. To keep your goals in mind at each stage of design and implementation.
Draw on Experience — Utilize our knowledge base and experience with implementing and supporting systems. Along the way, we’ve learned a lot about our offered solutions, allowing us to find creative and detailed solutions to your needs.
Apply Best-Practice Project Management — Follow a project plan or roadmap with a defined set of end goals. Our project plans create structure for managing the innumerable details involved with bringing your system live, and supporting your custom use.
Support Accounting Standards — Configure your system to comply with accepted standards for transaction processing, internal controls, and reporting. We rely on GAAP and IFRS, and incorporate other specialized standards, including those for not-for-profit, government contractors, and funds.
Incorporate Management & Metrics Reporting — Deploy financial dashboards, management reports, and workbenches to draw the attention of your key stakeholders. These tools allow your Exec.’s to get immediate visibility into the Co.’s financial position and results.
Utilize Templates — Maintain a series of reporting and configuration templates to standardize setup and compliance. Our templates, including a financial reports library, significantly minimizes the time and effort involved with the initial configuration of your system.
Make it Yours — Train for self-sufficiency so the system becomes personalized to your needs for access, performance, and reporting. Our goal is for you to be a “super-user,” able to maintain and modify the system according to your ongoing needs.
Divide & Conquer — Align with skilled technology partners for e-commerce integration services. This allows us to maintain overall project management, but tap specialty practices. Applies in instances of integrating Intacct or NetSuite with other web-based applications.
Know the Product & Marketplace — Stay current with updates to our offered solutions, and the cloud accounting marketplace. Regularly scheduled enhancements, and other market changes, can have significant impact on your use, with our goal of determining which apply.
Six System Objectives for Meeting the New Rev Rec Standards
Dear Colleague,
For the full year ended December 31, 2019, the new standards for revenue recognition will become audit guidance for non-public companies (public companies have reported under these standards since 2018). This global standard –Revenue from Contracts with Customers— jointly authored by the Financial Accounting Standards Board (FASB), and counterpart, International Accounting Standards Board (IASB), creates a framework for revenue recognition consistent with performance and entitlement.
While changes to the timing and amount of revenue businesses recognize will vary depending on the type of contracts they execute, the need to reconfigure accounting/ ERP systems will be broad-based. As a primer to meeting the new rev rec standards, and managing a contract portfolio, we have considered six objectives for your ERP. We look forward to discussing these objectives with you, and helping you to consider your preparedness for ASC 606.
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
Sage Intacct Contract Manager – Meeting the New Contract-Based Rev Rec Standards
Dear Colleague,
To meet the new contract-based rev rec standards you look for ways to modify your existing ERP. This may involve repurposing your system, leaving you with a “Frankenstein” solution.
Alternatively, Contracts by Sage Intacct is architected to meet the new standards, and manage your dynamic contract portfolio. All within a single system, without unsustainable workarounds.
Or, schedule a demo walkthrough by contacting one of our solution specialists.
Sincerely,
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
New Revenue Recognition Standards ASC 606
Dear Colleague,
As CFO’s prepare to address the new Standard for revenue recognition as required by ASC 606, “Revenue from Contracts with Customers,” they will need to adopt new tactics for managing revenue, and systems to support the Standard. Not only are the narratives of “when? and “how much?” revenue to recognize changed, but broader changes in the economy including subscriptions, pricing models, and disclosures driving changes in how CFO’s maintain their financial systems to support operations and reporting.
We have summarized the core principal, and information relevant to the upcoming changes to both the FASB and IASB treatment of revenue recognition for your review. We look forward to discussing these changes with you, and helping you to consider your preparedness for ASC 606.
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
Sage Intacct Developer – Extending and Customizing Intacct
Dear Colleague:
In managing ERP integrations, CIOs must consider the base ERP platform, Web Services gateway, and integrated application. These form a tripod supporting the workflow.
Intacct Web Services simplifies this workflow giving CIOs powerful XML-based request and response between Intacct ERP, and the integrated application.
NDH allows CIOs achieve optimal performance and return from ERP integration and workflow.
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
Sage Intacct Project Manager – Managing Projects Using Intacct ERP
Dear Colleague:
Project managers take charge of their teams by answering three questions. Or, how do I control my projects? Evaluate my results? Deploy my resources?
Intacct Project Accounting supports effective project management as a fully integrated ERP offering from Sage Intacct. Thus, supporting the integration of activities, and the alignment of overall corporate purposes.
NDH supports PMs success to ensure project success, and company performance.
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
Sage Intacct Entity Manager – Managing Multi-Entity Companies Using Intacct ERP
Dear Colleague,
Our work with the financial managers of multi-entity organizations –those with multiple legal, geographic, and/or business units— led us to consider their most pressing operating needs. Manager’s report they need to accelerate performance evaluation, while maintaining controls for Inter— and Intracompany transactions.
To address these needs their ERP system must have specific capabilities for managing access, processing, and reporting. Please find attached a review of Sage Intacct for meeting these requirements, and Gartner’s assessment for the same.
Available for your consultation, and one-on-one review with our team.
Sincerely,
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
Sage Intacct Inventory Manager – Managing Inventory Using Intacct ERP
Dear Colleague,
We’ve sized-up a group of companies managing inventory, including:
• Sellers of finished goods inventory, with need for quick inventory turns.
• Multi-warehouse distributors, who need visibility into location/entity stock.
• On-line retailers, requiring high throughput for large scale processing.
• Service organizations stocking parts to fulfill installation, or maintenance.
With the right ERP, these companies realize improved margins and reduce fulfillment time.
We welcome the opportunity to review 10 immediate benefits in adopting Intacct for your inventory management needs.
Sincerely,
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
Sage Intacct Mission Manager – Managing NFP’s and Associations Using Intacct ERP
Dear Colleague,
To meet the mission of your not-for-profit or association, you look for new ways to improve operations. You’ve told us your systems aren’t getting you there, putting your mission at risk.
Referenced here is an introduction to Sage Intacct for NFPs and associations, and how 1,000’s of organizations are improving operations and insight.
To meet your mission, schedule a demo walkthrough with one of our solution specialists, or contact us with additional questions.
Sincerely,
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com