When it comes to the new lease accounting standard, across all industries, embedded leases have proven to be complex. EXAMPLE: Consider a standard product supply agreement. This type of contract might not seem like it contains a lease, but it may include an embedded lease if the purchaser has control over most of the services output.
Sirius Solutions has been providing our clients with subject-matter experts, thinkers, consultants, strategists, technologists, doers, innovators, advisors, and much more for more than two decades. We understand how our client’s work. We are adept at managing cash for our clients, transforming finance departments, resolving audit, SOX, or compliance issues, assisting with IPOs, and reworking vendor management. Through our financial advising services, we have successfully completed tens of thousands of revenue accounting projects and assisted businesses in becoming more profitable by reducing expenses and identifying new avenues for development and income.
Environmental, social, and governance (ESG) goals are a necessary part of a company’s initiative toward sustainability and equality. ESG is gaining traction, with 91% of business leaders admitting that they think they are responsible for addressing ESG issues. These issues include carbon emissions, climate change, anti-corruption, water use, community development, and human rights. Changes in behavior and society are driven by incentives that are primarily financial, and this is why sustainable finance is critical to tackling these issues. Companies can incentivize customers to make eco-friendly decisions and invest in companies that are on a journey toward Net-Zero (or are already there). This is all a part of their ESG framework, which tracks, plans, and reports on an organization’s actions.
Environmental, social, and governance (ESG) goals are a necessary part of a company’s initiative toward sustainability and equality. ESG is gaining traction, with 91% of business leaders admitting that they think they are responsible for addressing ESG issues. These issues include carbon emissions, climate change, anti-corruption, water use, community development, and human rights. Changes in behavior and society are driven by incentives that are primarily financial, and this is why sustainable finance is critical to tackling these issues. Companies can incentivize customers to make eco-friendly decisions and invest in companies that are on a journey toward Net-Zero (or are already there). This is all a part of their ESG framework, which tracks, plans, and reports on an organization’s actions.
We hear dashboards are on their way out. I recently saw a tombstone for Dashboards on TDWI’s thought post (good read, btw!). Try a Google search for "dashboards 2021" and you may find many references that say dashboards are becoming obsolete. Sirius maintains, however, that dashboards have simply been upgraded. Quality data visualization for business intelligence dashboards helps businesses make money. The function of data visualization and continuous data curation allows for deeper insights and predictive measures, helping businesses make better decisions and create improved business performance. Old dashboards, perhaps, were clunky, took time to build and maintain, and changes were slow and expensive. But, the evolution of analytical dashboards now allows for businesses to quickly analyze data and run better.
The amount of corporate data is expanding and appears to be at an all-time high. Every organization today is rapidly evolving into a data organization. In an era where data is becoming the backbone of an organization (i.e., companies use data to identify the overall health of an organization) and the decision maker (i.e., companies use data to make judgments and predictive analytics), businesses must find out how to best organize their data.
The new year presents an excellent opportunity to capitalize on the benefits of proactively planning your digital financial transformation projects. In many cases, the financial and operational executives in organizations are the leaders of strategic transformation and change management possible within the organization. In preparation for the start of a new year, financial departments also should evaluate their strategic priorities and designate initiatives that will address time-consuming, redundant, and administrative activities.
Organizations capture and consume massive amounts of data every second. Customer intelligence enables organizations to forecast and motivate action. Some of the techniques used include cash forecasting, predictive modeling, and regression analysis. Sirius Solutions helps clients use these techniques with root-cause investigation to gain insights and accelerate cash.
The global pandemic created an employment market where people stayed put “sheltering in job” to wait out the unknown. Now that lockdowns and quarantines have lifted, the economy is reopening and racing toward digitalization and one-of-a-kind online innovations. We are seeing a massive demand for highly skilled talent, particularly in accounting, finance, data analytics, and system implementation/optimization.
The Oil and Gas industry has come a long way, from revolutionizing techniques for extraction, refining, and utilizing fossil fuels, to improving these same processes based on the increasing technology-driven demands for resources. Oil and Gas business leaders can now take advantage of digital transformation and digital modernization, move forward, and explore key innovation strategies. With the right technology, companies can now easily empower industry leaders and consumers to continuously generate and capture the value of the Oil and Gas industry.