The unexpected events of 2020 — and the resulting economic uncertainty — demonstrated that financial leaders across the globe must be able to operate with greater agility. But many finance leaders are still struggling to gain insight into their business futures. Outdated processes, time-consuming input methods, and overly complex Standard Operating Procedures (SOPs) are just some of the many issues resulting in unclear decision making and a feeling that all future financial plans are simply “guesswork.” Added together, these issues are likely to result in unsuccessful and unrealistic Annual Budgets. Savvy financial leaders understand that today’s rapidly and drastically changed business land
An increasing number of companies are adding subscriptions as one of the revenue models to their business. Two different examples of this service include: Netflix, which is a 100% subscription-based company focused on B-to-C, or business to consumers. Microsoft, which originated in an era where software sold as one-time licenses, has today become an increasingly subscription-based software provider, with most of their software delivered in a software-as-a-service (SaaS) model using their Azure cloud. As companies begin to adopt subscription-based revenue models for their customers, accounting departments and finance teams find themselves in a new struggle. Tasks that once were relatively eas
