FINANCE AT A CROSSROADS: THE RISK OF STANDING STILL
“Historically, our most frequent response to the threat of business or IT change is ‘Don’t just do something, stand there.’ We’d rather wait to make a late investment than rush and make a worse investment. That will not work in today’s business.”
– CFO, $20M US-based printing concern
According to research from business IT consulting and advisory firm Saugatuck Technology (an ISG business), nearly 90% of businesses of all types and sizes are applying some types of Cloud-based and Cloud-related technologies to change, improve, innovate, and accelerate how they do business. Our data indicate that more than 75% of those taking advantage of these technologies are in market-facing organizations such as Sales, Marketing, and Customer Support.
Finance and accounting teams in companies that use subscription- or contract-based billing can almost always count on additional work resulting from the ASC 606 revenue recognition criteria. Upsells, upgrades, and discounts now have to be accounted for under current guidelines as well as under the new revenue recognition standard. To successfully handle dual treatment of
Given the explosive growth and controversial nature of the cannabis industry, we often hear hot-off-the-press news about changing legislation, new products, and innovative startups among other trending topics, but what about your data? Digital data is playing a growing role in the cannabis industry and with recent major corporate data breaches publicized in the headlines