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How CFOs Plan to Use Data

How CFOs Plan to Use Data

CFOs are ready for change when it comes to how they use data. An AAFCPAs survey of 200+ New England financial executives revealed they are seeking better ways to predict what is coming, in addition to the age-old practice of analyzing what has been. Their challenge lies in solving for people, process, and system limitations.

Pay for Success: a funding model with data at its core

There is at long last solid momentum gathering behind the pay-for-success (PFS) model of funding socially oriented projects and services: a shift in approach that emphasizes outcomes rather than activities. Through PFS contracts, the ecosystem of investors, government, and service providers is working together to create new opportunities and meet more impactful social goals. PFS […]

AAFCPAs’ 2021 CFO Survey Finds Data Management Is Catalyst for Change

AAFCPAs’ 2021 CFO Survey Finds Data Management Is Catalyst for Change

CFOs seek better inputs, predictability, and the talent to translate data Boston, MA (August 10, 2021) – AAFCPAs, a best-in-class CPA and consulting firm known for assurance, tax, accounting, wealth management, valuation, business process, and IT advisory solutions, today released its 2021 CFO Survey Report. The survey found that across the board, CFOs are prioritizing […]

The Skills, Tools & Technology Needed Now to Be Future Ready

This year’s Annual Nonprofit Seminar is packed full of insight and inspiration to take nonprofits into the future, including discussions related to Pay for Success, Impact Reporting, and Leveraging Data Analytics & Predictive Modeling! Unfortunately, some nonprofits may be unable to equip for the future without addressing significant lags in the present. Time Is Of […]

Leet, Kontoglis Promoted to Directors, Business Process & IT Consulting

Leet, Kontoglis Promoted to Directors, Business Process & IT Consulting

AAFCPAs (Westborough, Boston, Wellesley, and Waltham) happily announces the following promotions to support the continued growth of the firm’s Business Process & IT Consulting practice. Promotions Robyn Leet (left) has been promoted to AAFCPAs’ Director, Business Process Assessments & Attestations. She is a solution-oriented, business process improvement architect & strategist with broad expertise in identifying […]

Collect Data to Create Business Insight

Collect Data to Create Business Insight

Do You Make Sense of the Data You Collect? There are numerous and diverse reasons for nonprofits to adopt data analytics and predictive modeling tools. The implications are enormous if you commit to making sense of the swathes of data you collect every single day. For example: They are helping membership organizations to more positively […]

AAFCPAs Explains Descriptive, Predictive, Prescriptive, and Compliance Data Analytics

Key Business Questions (KBQs) are questions that establish a framework for an organization looking to gain insights produced by analytics. They are central to understanding the past and overall strategy you are deploying or considering deploying in the future. AAFCPAs assists clients in defining and prioritizing high-value KBQs in order to bridge the divide between […]

Keys to a Successful Accounting Software Implementation

Implementing a new accounting software application requires significant investments in time, energy, and financial resources. A proper implementation plan is key to maximizing the long-term value of your new system. AAFCPAs Provides the Following Best Practice Recommendations to Ensure Clients Get the Most Out of Their New System: Change is Hard AAFCPAs advises clients to […]

Value-Based and Alternative Payment Methodologies Require a New Approach to Data Analysis, Reporting

Value-Based and Alternative Payment Methodologies Require a New Approach to Data Analysis, Reporting

Since the inception of electronic medical records and practice management systems, healthcare facility finance teams have had an overwhelming amount of data at their disposal that has gone largely underutilized. With the emergence of Accountable Care Organizations (ACOs) and other alternative payment methodologies (APMs), providers have been asked to become more patient-focused, implementing care management […]

Membership Organization Revenue Management and Predictive Analytics

With the onset of the Financial Accounting Standards Board’s (FASB) Accounting Standard Update (ASU) 2014-09, Revenue from Contracts with Customers, (ASC Topic 606) membership organizations face a complex accounting exercise when answering: What value are members receiving? The value question proves extremely complex when applying the five-step approach outlined in the new revenue standard—specifically, step […]