The stream | How to handle consolidations and complex billing

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This month we focused on common problems and solutions encountered during financial consolidation. From handling intercompany transactions to deciding whether usage-based billing is right for your company, there can be a lot to navigate. We published the complete guide to lease management and spotlighted DynaLIFE’s centralized lease management system. Check out the following resources to learn more:  

The complete guide to lease managementThe complete guide to lease management 

Whether your company is leasing commercial or residential property, it's essential to understand the total cost of lease administration and where processes and systems may be stalling your company's growth. In this complete guide to property lease management, we break down the common challenges companies face and present multiple solutions and strategies to help you optimize your lease administration and better manage your properties. Learn what to look for in lease management software and access several resources to help you remain compliant with accounting standards ASC 842, IFRS 16, and GASB 87. 

DynaLIFE case study lease managementCase study | DynaLIFE centralizes lease management for over 30 locations 

DynaLIFE brings reliable, innovative services to more than 2000 physicians for 2 million patient visits annually, performing upwards of 19 million laboratory tests per year. DynaLIFE found that because their original multi-lease management system relied on manual processes, they ended up with multiple human errors and lots of time wasted. Here is their success story of switching to a centralized, automated lease management system.  

4 common financial consolidation challenges companies faceCommon challenges of financial consolidation (2 min video) 

Consolidating financial records for multiple entities is a rigorous process requiring accurate data, expert project management, and compliance with global accounting standards. When it comes to financial consolidation, companies often struggle with aligning their tools, systems and processes. In this short video, discover tactics for handling the four most common financial consolidation challenges companies face. 

The art of handling intracompany transactionsThe art of handling intercompany transactions 

Intercompany transactions often result in cumbersome workloads for accounting teams. Rarely does the size of your company dictate the level of complexity faced once intercompany transactions enter the equation. In this article, explore the 4 best practices you can utilize to solve the challenges of intercompany transactions for financial consolidation. Enable a smoother flow of transactions, save time spent on month-end reporting and reduce the number of errors in your reports. 

identify and assess security risks in mergers and acquisitionsIdentify and assess security risk in mergers and acquisitions 

Regardless of your acquisition or merger size, you shouldn’t underestimate the importance of a thorough security assessment. It’s easy to focus on the growth and get swept up in a deal, but those engaging in mergers and acquisitions need to be aware of the security risks introduced by expansion. Don’t be caught off guard, read about the potential threats to your security and how to reduce and assess those risks. 

5 reasons usage based billing is right for youBooklet | Is usage-based billing right for your company? 

With the recent growth in the telecom, cloud hosting, and data warehousing industries, usage-based billing emerged as a go-to option for both start-ups and large enterprises. SaaS companies offering anything from ridesharing to e-payments make use of metered billing by associating their pricing with a specific metric such as the number of kilometres driven, or payments made. This strategy allows them to offer the fairest pricing possible and accommodate customers' preferences. This booklet gives you an overview of five reasons why usage-based billing might work for you and your customers. 

 

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