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August 2, 2022
  • Veroneeca Edwards
  • Posted by Veroneeca Edwards

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.

July 27, 2022
  • Veroneeca Edwards
  • Posted by Veroneeca Edwards

With the new Lease Accounting Standard (ASC 842 Leases), all long-term operating leases need to be capitalized on the balance sheet, and financial disclosure requirements have been expanded.

July 13, 2022
  • Veroneeca Edwards
  • Posted by Veroneeca Edwards

Accounting is an essential component of any business, and your financial specialists are invaluable members of your team. Your accountants and financial professionals’ time is extremely valuable because of the expertise they bring to the table, and wasting it on manual, repetitive tasks is costly.

July 12, 2022
  • Veroneeca Edwards
  • Posted by Veroneeca Edwards

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.

May 10, 2022
  • Veroneeca Edwards
  • Posted by Veroneeca Edwards

Because of the current political climate, governments all around the world are placing a high priority on expanding their green energy capacity, which is expected to fuel a large portion of future energy deal activity.

March 9, 2022
  • Roshan Shetty
  • Posted by Roshan Shetty

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.

March 9, 2022
  • Roshan Shetty
  • Posted by Roshan Shetty

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.

February 28, 2022
  • Roshan Shetty
  • Posted by Roshan Shetty

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.

January 13, 2022
  • Roshan Shetty
  • Posted by Roshan Shetty

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.

January 5, 2022
  • Roshan Shetty
  • Posted by Roshan Shetty

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.

November 9, 2021
  • Roshan Shetty
  • Posted by Roshan Shetty

Reduce DSO and bad debt with AI-based Integrated Receivables Platform. Connect credit, billing and invoicing, cash application, deductions, and collections into a single business process.

November 9, 2021
  • Roshan Shetty
  • Posted by Roshan Shetty

An in-depth grasp of Order-to-Cash and accounts receivable will allow your organization to improve cash flow management, capitalize on time-sensitive opportunities, and retain flexibility within your business.  

August 24, 2021
  • Roshan Shetty
  • Posted by Roshan Shetty

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.

June 22, 2021
  • Roshan Shetty
  • Posted by Roshan Shetty

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.

April 22, 2021
  • Roshan Shetty
  • Posted by Roshan Shetty

The implementation benefits realized by the oil and gas sector while using Quorum ERP software are enhanced asset performance, improvement in project administration, and better cost control.

April 22, 2021
  • Roshan Shetty
  • Posted by Roshan Shetty

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.

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