Porte Brown Accountants & Advisors - Logo
Porte Brown Wealth Management
Check us out on BrokerCheck
®

Hello everyone, thank you for taking the time to visit to our new Consulting Services Blog. I am Andrea White, the Manager on Porte Brown's consulting services team.

 

The team and I would like to welcome you and look forward to sharing helpful information on the topics of managerial consulting, strategic consulting, and technology solutions, such as ERP Solutions, CRM, and custom software solutions.

 

Welcome to Our Consulting Services Blog!

 

Coffee and newspaper

Consulting Services Blog

The 5 Financial KPIs for Professional Services Organizations

Andrea White - Monday, February 04, 2019


A recent Service Performance Insight (SPI) study shows that with the right financial maturity, service organizations can increase their profit by up to 30%.

Many professional services organizations use generic KPIs that have either been inherited from past leaders or don't offer a clear path to improvement. You could be leaking away revenue, but if you're looking at the wrong KPIs, you may never see it or determine how to stop it.

Through years of research, SPI has analyzed and identified the profit-centric measures that are highly correlated with financial success in professional services.

Download the 5 KPIs for Professional Services Organizations.

Learn the Benefits of TRAVERSE Global

Andrea White - Friday, December 28, 2018


What benefits are available to you when you upgrade to TRAVERSE Global?

  • • Robust multi-company, multi-lingual, and multi-currency options
  • • User-managed workflow provides ultimate personalization to each employee
  • • “My work” feature combines favorite applications into custom groups

Learn even more about TRAVERSE Global's benefits in the Moving to TRAVERSE Global brochure.

Paperless Filing Directly from Your Software

Andrea White - Thursday, December 20, 2018


Electronically File Form 1099: No paper forms to print & stuff into envelopes means more time for you to focus on other important tasks!

  • • Federal E-Filing: Your client’s data is sent from your software directly to the Federal Government.
  • • State E-Filing: Your data will be sent directly to any and every state that requires 1099 reporting in the format required by that state.
  • • Recipient Delivery: All completed filings will be automatically printed and mailed directly to recipients. As a unique added benefit, this service also allows for the recipient to instantly download their form from a secure online retrieval site.

TRAVERSE makes filing a snap! Simply select 1099-MISC XML from the ‘Output’ drop down menu.

Questions? Contact Porte Brown today!

TRAVERSE Year-End Compliance Update

Andrea White - Wednesday, December 19, 2018
The 2019 compliance update for TRAVERSE version 11 (Build 18341) is now available from Open Systems via the online update process.

This update includes changes to the Payroll and Accounts Payable forms and magnetic media for 2018 tax filing as well as all state and federal table and formula changes for 2019 known to Open Systems as of December 12, 2018.

Any additional state or federal table or formula changes, along with instructions for changing them in TRAVERSE, will be announced as they become available. Check the Client Portal of Open Systems website, www.osas.com, frequently for the latest information on state or federal table or formula changes.

The update includes a compliance advisory. Please read it carefully before you install the update. For more detailed installation instructions, you can also use TRAVERSE's year-end procedure document or video. TRAVERSE's year-end checklists can also help you close the books for the year.

OSAS Year-End Compliance Update

Andrea White - Wednesday, December 19, 2018
The 2019 compliance update for OSAS version 8.00 (Build 18351) is now available from Open Systems via the online update process.

This year’s compliance update includes changes to the Payroll and Accounts Payable forms and magnetic media for 2018 tax filing as well as all state and federal table and formula changes for 2019 known to Open Systems as of December 12, 2018.

Any additional state or federal table or formula changes, along with instructions for changing them in OSAS, will be announced as they become available. Check the Client Portal of the Open Systems website, www.osas.com, frequently for the latest information on state or federal table or formula changes.

The update includes a compliance advisory. Please read it carefully before you install the update. For more detailed OSAS 8 installation instructions, you can also use OSAS's year-end procedure document or video. OSAS's year-end checklists can also help you close the books for the year.

TRAVERSE 11 Update Build 18296 Is Now Available

Andrea White - Monday, November 26, 2018
A new update, Build 18296, is now available for TRAVERSE version 11. Please follow the instructions in your TRAVERSE version 11 Administrator's Guide to update your installation.

Read on to learn about the notable updates made to the features and functionality in this build. Visit TRAVERSE Build History for more information.

GL | Allocations

The Periodic Allocations functionality was originally released in TRAVERSE Standard and is now available in Global. You now have the ability to define and then periodically allocate amounts from a defined pool of source accounts to defined recipient accounts based on a number of allocation methods. See the online help for more information. Available in both Standard and Global Versions.
 


MP | Release Production Orders

Unit of Measure (UOM) and Est Start Date are now available in the Column Chooser to add to the Release Production Orders grid. Available in both Standard and Global Versions.

SM | User Defaults/Admin

The functionality initially released in the Global version will now be available in Standard. This includes system-defined defaults for additional applications and allows for setting defaults for Bank ID, Batch ID, Location ID, and more. Available in both Standard and Global Versions.

SO | Orders

Enhancements have been made to the 'Copy' functionality previously released (Build 18179) such as:
   • Checkbox for 'Use Header Location' which pulls the location from the header of the order
   • Checkbox for 'Item Summary' which highlights the last items sold without duplicating the same item ID
   • Streamlined data entry by allowing users to enter the Quantity without selecting the line
   • Column added for 'Last Qty Ordered' for increased visibility to assist in item selection
   • Validation so that if an item doesn’t exist in the header location, it will not be brought into that location
Available in Global Version Only.
 


SO| Transactions

TRAVERSE now includes a Customer Part Number (Alias) via the existing Item Customer Alias functionality within Inventory. This will provide users the ability to capture and/or enter a customer based Part Number (Alias) within the order entry systems as well as transaction and history inquiry features. The alias values can also be placed on customer facing documents using the Design Studio. Available in both Standard and Global Versions.

TRAVERSE Payment System (TPS)

Payment Service Integration for TRAVERSE® (TPS) manages the interaction with external payment providers, including the encryption/decryption of any values shared between them and TRAVERSE. The payment service supports both card present and hosted payment form. See the online help for more information. Available in both Standard and Global Versions.

Note: to ensure data privacy, any new TRAVERSE functions are delivered with no user access. You can use the Server Manager or the Administrative functions in the System Manager to grant permission to new functions for your users or groups.

TRAVERSE Build Updates

Andrea White - Tuesday, June 26, 2018
Responding to client feedback, Open Systems will be releasing fewer build updates for TRAVERSE. The updates themselves will be larger in nature with more features and functions on average than our previous builds. This system will help you and your clients plan updates more carefully. We are currently targeting four updates annually. As these updates become available, detailed information will be provided about the content related to the update.

Read the newly re-designed TRAVERSE Build History for additional information.

Next Generation Financial Consolidations

Andrea White - Tuesday, June 19, 2018


Corporate accounting has long been viewed as custodian and curator of financial data. However, whether it’s bringing the data together or distributing the financial results broadly, the financial consolidation process has long been an onerous drudgery of information assembly, validation, and reporting. The consolidation process for many corporate accounting groups is sometimes measured in months, often measured in weeks, but rarely measured in days.

Read this white paper and learn why the traditional approach to consolidations doesn't work, and how automation improves business insights and supports faster growth. Learn More

Sage Intacct Q2 2018: Update 5/22/18

Andrea White - Tuesday, May 29, 2018


Sage Intacct does four major releases a year to roll out updates, as well as other minor maintenance updates on a perpetual basis to handle bug fixes, and other changes. These are automatic, everyone gets them and no action is needed to receive the new features and enhancements. The second release for 2018 went into production the evening of May 18th.

These updates have two primary focuses: increasing your business efficiency through automation, and driving performance and growth through insight.

With this release Sage Intacct has made some improvements that we at Porte Brown wanted to share with you to keep you informed. Here is a summary of the highlights... Read More

Are You Ready to Be a Tech-Savvy CFO?

Andrea White - Monday, May 07, 2018


Your business is changing. Your market is changing. Even the macro-economy is changing. The question is: Are you changing?

For today’s finance leaders, adapting to this new environment is no longer optional. In many instances, the tools, strategies, methods, and tried-and-true metrics you’ve used to run a top-notch finance organization and forge a successful career—well, they might not be what you need to move forward. So are you content with the status quo, or are you ready to embrace a new role: change agent? Learn More


Recent Posts


Tags


Archive

RSS Symbol
You are now leaving the Porte Brown LLC website. PrimeGlobal.net
Porte Brown Newsletter Porte Brown Newsletter