CrossCountry Consulting

4 Keys to Coupa Implementation Success

Marcela Boudreau — Tue, 28 Nov 2023 13:52:00 +0000

Accelerating procurement transformation with a Coupa implementation requires a holistic, coordinated effort across many functional and technical groups in the organization. To ensure your organization is tracking toward its goals, consider these four ways to drive implementation success: 1. Gain Buy-In Through a Phased Approach Expect each stakeholder group to respond differently to changing processes […]

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How Financial Services Organizations Can Build a Robust Message Archival Program for SEC Rule 17a-4 Compliance

moneill@crosscountry-consulting.com — Wed, 15 Nov 2023 14:52:40 +0000

Asset management, investment banking, and other financial services firms subject to SEC Rule 17a-4, a 2022 amendment governing the monitoring and retention of electronic communications, today still have insufficient or adolescent message archival programs established for compliance. Earlier this year, regulators cited more than 15 Wall Street broker-dealers for failure to maintain and preserve electronic […]

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US Government Shutdown Threat Kicks IPO Market While it’s Down

LeaH — Wed, 15 Nov 2023 14:37:30 +0000

Sage Intacct Re-Implementation Expedites Close and Reporting for Goodwill Industries of Middle Tennessee

moneill@crosscountry-consulting.com — Thu, 09 Nov 2023 14:04:28 +0000

Challenge Goodwill Industries of Middle Tennessee was experiencing growing pains while operating with an outdated financial management platform. The system wasn’t set up to accommodate the purchasing process and was inflexible for current reporting requirements. By selecting Sage Intacct for its strong internal controls, enhanced reporting capabilities, purchasing functionality, and system stability, Goodwill of MT leaders […]

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Stock Compensation Considerations for Pre-IPO Companies

moneill@crosscountry-consulting.com — Tue, 07 Nov 2023 13:33:51 +0000

Stock compensation awarded to executives and employees creates additional accounting complexity for pre-IPO companies and becomes an expanded audit focus by external auditors. Rapidly growing companies with limited resources may find it challenging to build a more robust and efficient process since stock compensation accounting necessitates greater expertise and support often not found internally. To […]

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The Value of an Exit-Readiness Assessment for IPO, M&A, or Private Equity

moneill@crosscountry-consulting.com — Wed, 01 Nov 2023 13:25:39 +0000

Observing a backlog of key filers, including Stripe and Databricks, several highly valued companies are in various stages of IPO planning without having officially made the jump. That changed in September with British chip company ARM’s successful $5 billion IPO – the biggest in 2023. The move has fueled further interest in profitable exit strategies […]

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Material Weakness Remediation for Emerging-Growth Companies: What to Know and Where to Begin

moneill@crosscountry-consulting.com — Tue, 31 Oct 2023 12:35:33 +0000

As emerging-growth companies seek investor confidence, it’s critical to build an effective internal control environment. Being newly established, there’s a high likelihood control deficiencies will occur. When control deficiencies accumulate to a level where the risk of financial misstatement is likely, management and/or external auditors may determine a material weakness. What Is a Material Weakness? […]

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Explaining and Exploring Generative AI and Its Impact

moneill@crosscountry-consulting.com — Thu, 26 Oct 2023 13:13:32 +0000

Generative artificial intelligence (GenAI), propelled by innovative tools like OpenAI’s ChatGPT, Google’s Bard, and IBM’s Watson X, has made significant inroads into everyday work, leaving virtually no industry untouched. With compelling and challenging use cases in banking and capital markets, healthcare, accounting, customer service, and much more, these tools, and those like them, transform the concept […]

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8 CECL Questions Private Companies Need Answered

moneill@crosscountry-consulting.com — Tue, 24 Oct 2023 15:23:09 +0000

For non-financial services organizations in particular, CECL for private companies has been another surprise year-end compliance requirement that may have slipped by their auditors. There’s still time for private companies to adopt CECL, but the work must begin now. Didn’t know you were on the hook for CECL compliance? Unsure where to begin and how […]

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Technology Investments Without Strategic Alignment: Hard Truths About Ineffective Digital Transformation

moneill@crosscountry-consulting.com — Thu, 19 Oct 2023 13:52:50 +0000

If at first you don’t succeed with digital transformation, there’s no choice but to try and try again. The pace of change and technological innovation demands forward momentum at all times. The problem, however, is that organizations are making the same mistakes repeatedly with each new transformation initiative, especially as it pertains to the technology […]

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