BTerrell Group Blog

Cloud Education Series

Posted by Brian Terrell on Mon, Nov 22, 2021

Resource for Legacy Systems Users Considering a Move to the Cloud

BMS Email_ROI Webinar

Whether you’re planning on moving to a cloud financial management solution now, or in the future, this series was designed to serve as a helpful guide to highlight key considerations.
Each week we will explore a different topic, covering the basics, all the way to cutting-edge AI capabilities.

ROI from Cloud Financial Management: What to Consider for Your Company 
When asked about moving to the cloud, most people immediately go to the benefits of anytime, anywhere access. Moving financials to the cloud is more than better access – a lot more. Join us for ‘ROI from Cloud Financial Management: What to Consider for Your Company’ as we talk about how the cloud delivers greater value with a lower total cost of ownership.

Beyond Excel: Building Blocks for Real-Time, Multi-Dimensional Reports and Dashboards
The key to making informed, strategic decisions lies in powerful reporting that keeps you out of Excel. Join us for ‘Beyond Excel: Building Blocks for Real-Time, Multi-Dimensional Reports and Dashboards’ and learn how you can spend less time building tedious, error-prone reports, so you can spend more time making a meaningful impact on your organization.

Streamline Your Multi-Entity Consolidations and Management: Cut Your Close by Up to 65% 
Whether you have multiple entities or a single entity with plans to add more, you likely know the headaches involved with multi-entity management – and may experience them first-hand each month when you consolidate. Join us for ‘Streamline Your Multi-Entity Consolidations and Management: Cut Your Close by Up to 65%’  and learn how a cloud, multi-entity solution can eliminate the toil and errors that come with multiple logins, chart of accounts drift, and manual consolidations.

Insights On Demand: Serve Up Metrics that Matter
Increase financial Visibility and get insights on demand by providing meaningful metrics on role-based dashboards. Join us for ‘Insights On Demand: Serve Up Metrics that Matter’ and see how easy it is to build and use dashboards for everything from making key decisions to managing day-to-day processes.

Everyday Time Savers: Make Paperless Finance a Reality with Workflow Automation
The term paperless finance gets thrown around a lot, but it’s often over promised and under delivered. Attend ‘Everyday Time Savers: Make Paperless Finance a Reality with Workflow Automation’ and learn how cloud financial management can give you the process and workflow automation that you need to make paperless finance a reality.

Beyond the Hype: Learn How AI is Already Transforming Financial Management
AI, machine learning, robotic process automation, you may have heard and read about these terms a lot. But what do they mean for finance? Hear from panelists at ‘Beyond the Hype: Learn How AI is Already Transforming Financial Management’ as they discuss the present and future of AI and financial management.

When the time is right for you, we can assist you in moving to the Cloud. Reach us at 214-647-2611. In the meantime, we hope you find the Cloud Education Series informative and helpful.

Tags: sage intacct

How BTerrell SmartSuite and Sage Intacct protect your firm against software obsolescence.

Posted by Brian Terrell on Thu, Sep 16, 2021

Sage Intacct subscribers and BTerrell SmartSuite members protect their companies from the software obsolescence anchoring the business model of legacy, on-premises software publishers. Here's how.

Tags: BTerrell Smart Reports, BTerrell SmartSuite

Top Issues Facing Healthcare Financial Leaders in 2021

Posted by Brian Terrell on Wed, Aug 18, 2021

Sage Intacct survey reveals post-pandemic challenges and how leaders are solving them


As the world continues a slow economic emergence from the pandemic, healthcare industry players remain in a challenging situation. According to an AMA report, hospitals lost more than $323 billion in 2020. In addition, a majority of physicians reported revenue decreases averaging 32%. Sage Intacct recently surveyed more than 200 financial healthcare executive to better understand their current issues and what practical steps they are taking to adapt their organizations for success in the coming months and years. You can read the whitepaper detailing the survey and results here.

Many of the challenges facing healthcare financial leaders are direct ramifications of the pandemic, including dealing with a newly remote workforce and the loss of revenue from the delay/cancellation of voluntary procedures. Other pressures were already felt, but accelerated by the pandemic, including the need to improve budgeting and forecasting. What struck us about the survey responses was the critical importance of access to current operational data to support agile, strategic decision making and to accelerate innovation.

BTerrell Group works with healthcare organizations to provide real-time access to the data that matters most. One of our clients, CareATC, is saving 40-60 hours of data entry each month thanks to automated workflows and integration with supplier data. As a result, the organization has avoided hiring at least two full-time accountants, at a savings of around $100,000 per year. Another client of ours, Epiphany Dermatology, was able to grow from seven to 50 clinics while avoiding the need to hire additional accounting staff.

What are your healthcare organization’s top financial challenges? Let’s talk about how Sage Intacct and BTerrell Group may be able to help you solve them. Reach us at 214-647-2611.

Tags: healthcare, sage intacct

Embrace Your Inner Finance Superhero with Sage Intacct & Win a Superhero Kit

Posted by Brian Terrell on Fri, Jul 02, 2021

Webinar: Closing the performance gap with Ventana Research

Webinar: Closing the performance gap with Ventana Research

Plenty of midsize organizations are teetering on the cusp of greatness, but just can’t quite figure out how to reach the next level. One way to give your organization the extra nudge it needs? Embrace change and take your accounting capabilities to the next level.

Register now for our newest webinar on Thursday, July 22 at 10am PT / 1:00pm ET, Closing the Midsize Performance Gap. Register below to save your spot for the webinar, and we'll also send you your own Sage Intacct Finance Superhero Kit!

Ventana Research’s Robert D. Kugel and finance experts from Children’s Hunger Fund and Vitamin Angels will discuss:
● How to tell when it’s time to move on from your entry-level finance system
● The 5 signs that your current operations are limiting your results
● What your organization needs to compete with larger companies

Help your business grow to its full potential—register for the webinar and receive your own Sage Intacct Finance Superhero Kit!

Register and Save Your Spot

Tags: sage intacct

How Private Equity Firms Can Gain Deeper Financial Insight

Posted by Brian Terrell on Fri, Jun 04, 2021

Three reporting strategies for CFOs


As the Chief Financial Officers of a private equity firm, you’ve no doubt had a hectic year. The economic uncertainty surrounding the pandemic and its nascent recovery has reinforced the importance of quick access to decision-making business data. Typical accounting applications are pretty good at organizing business data into monthly, quarterly, and annual financial statements. However, while these kinds of “hindsight views” have value, they arrive too late to use for strategic decision making. Ad hoc reporting processes can help fill in the gaps, but these too lack in timeliness, consistency, and control.

In response, many private equity firms are deploying three strategies to obtain deeper and more timely financial insight. Sage Intacct covers these strategies in-depth in this white paper. Here we offer a quick overview to get you thinking.

1. Close faster
A fast close minimizes the time to release monthly or quarterly financials. Instead of waiting for the calendar to turn over to begin closing the books, finance teams executing the fast close proactively reconcile and review key accounts on a more frequent basis. To accomplish this, you’ll need real-time visibility into those accounts. One of our clients, CareATC, was able to cut their monthly close time in half with Sage Intacct. You can read their story here.

2. Bring together disparate data
Leading cloud financial systems, like Sage Intacct, allow you to integrate financial and operational data from within and outside of the financial system, in real time, for a holistic view of the business. The result is fast access to data from all facets of your business, with reports that meet each team member’s specific needs while retaining that all-important connection to the underlying data.

3. Take your pulse with dashboard reporting
Executive dashboards provide KPIs that that illustrate the status of your business. Modern dashboards are interactive, allowing you to drill into the various metrics and interact with the underlying data. Dashboards can incorporate color scaling, trend indicators, conditional highlighting, and sparklines that help focus your attention on areas that might be cause for concern. Sandra Fendley, the chief accounting officer for our client Vasquero Midstream, told us, “We can rapidly produce trusted information about any particular piece of the business and have an accurate picture of individual projects, monthly operating spend, as well as invested capital.” You can read Vasquero’s story here.

Private equity firms, more so than many other businesses, trade in real-time data. While having a stock report from last month may be helpful — having today’s report and tomorrow’s predictions is imperative. Cloud-based financial management applications make this data easier to collect, present, and digest. Read more about new approaches for the data-driven private equity CFO here.

Tags: sage intacct