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Microsoft Dynamics Is Better Enabled in the Cloud

Dynamics GPCloud computing and financial reporting are no longer just buzzwords — they are driving business transformation for small and midsize businesses. By bringing together business applications and familiar productivity tools, Microsoft Dynamics in the cloud can now offer the insights you need to better understand your customers and drive your success.


Intelligence as an advantage. Everything around us is measured, effectively making every business now a data-driven one. How can that be used to your advantage? Intelligent business solutions combine people, data, systems, and processes for a real-time view of what’s going on. Watching these data shifts can lead to more successful decision making, such as in which areas of your business you should invest in technology. This can be achieved with business analytics,  like Power BI and Management Reporter.


How Can Microsoft Dynamics Point You in the Right Direction?

Dynamics GPWith Microsoft Dynamics GP, it delivers comprehensive feature rich functionality – from financials and reporting – to power diverse small and midsize companies around the world. A unique combination of integrated business intelligence, collaboration and communication tools connects the many moving parts of your organization, giving you better visibility into and control over your business.


Microsoft Dynamics GP delivers long-term value with a solution that is easy to adapt, extend and connect with independent software vendors (ISVs), other line-of-business applications, and the Microsoft® technology and productivity tools that you already use in your organization. Comprehensive out-of-the box capabilities and rapid, flexible deployment methodology can help you get up and running quickly and affordably.  Accountnet, located in the Metro New York area, have technical and accounting knowledge that emphasize requirements to help ensure that you have the best solution in place to meet your unique business needs.


What is a Private Equity CFO?

The ideal private equity CFO is both strategic and operational, serving as a thought partner across various functional and divisional aspects of the business while implementing the systems and processes to help the company reach an exit.  A strategic CFO is growth-oriented and looks at the business “through the windshield,” rather than the rearview mirror.


Enterprise Experience

More often than not, private equity firms fill portfolio company CFO roles with executives who have enterprise level CFO experience.  They will have had full ownership of finance across all functions (audit, tax, treasury, FP&A) and will have interfaced with a board of directors on strategic matters.


Microsoft Enables Revenue Recognition for Today’s Business

The tech giant adopts the new revenue recognition and lease accounting standards early.

In a move only a company as massive as Microsoft would consider, the company plans to offer restated financial statements on October 1 to reflect is early adoption for the Financial Accounting Standards Board’s two major new standards, covering revenue recognition and lease accounting.  To date, only a handful of public companies have chosen to adopt even one of the new standards early.


How to Avoid a Cyber Attack?

Avoid Cyber Attack

Here are five fundamental steps your company can take to curb it chances of falling victim to a ransomware attack.

  1. Adopt prevention programs. Prevention training and awareness programs can help employees recognize telltale signs of phishing scams and how to handle them.  Guide employees on how to recognize and avoid fraudulent e-mails.  Keep testing internally to prove the training is working.



How Can We Keep Business Data Safe?

Think cyber scammers that perpetrate ransomware attacks are easily defeated?  Note this: When the WannaCry ransomware epidemic stuck in May 2017, scammers doubled down by targeting people who were already attacked and who were scrambling to retrieve their encrypted data.  They sent them emails offering data protection, services that could prevent future attacks, and bogus WannaCry patches, all in an attempt to steal the beleaguered users’ personal information.


Another example happened in June, when a ransomware attack going by various names and featuring numerous variants crippled the networks and operation of several multinationals.