The Paradigm Shift That Caught Us By Surprise

Posted: May 30, 2019 - Blog, Sage Intacct

Your biggest risk isn’t failure; it’s sustained mediocrity (Wroblewski, 2017). This quote applies today more than ever as disruption is front and center for many businesses. Here are some examples of the paradigm shift, which caught most of us by surprise.

  • Uber – largest taxi company, owns no vehicles
  • Facebook – most popular media owner, creates no content
  • Alibaba – most valuable retailer, no inventory
  • Airbnb – largest accommodation provider, owns no real estate

Traditional accounting values like fixed assets are increasing becoming liabilities. New thinking needs to be applied, as standing still with current technology systems or basing decisions off spreadsheets is becoming the way of the dinosaur. Sage Intacct brings powerful new business intel with their new Interactive Custom Report Writer. This new tool enables users to pivot and filter data, drag-n-drop columns and fields, allow grouping, formatting and column calculations to further customize and enhance information. New ways of looking at data and gleaning insights can only be accomplished with advanced reporting and dashboards, provided by Sage Intacct – so management can make the right decisions and live to fight another day.

Barry Coyne

Barry is the Sage Intacct Business Development Manager at CDH.