September, 2014

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3 Steps to Becoming the Steve Jobs of Accounting

Abrigo

'Steve Jobs. Sergey Brin. Mark Zuckerberg. Each of these individuals, and their companies, are celebrated as changing the face of the technology. They all followed a similar path to success: excelling at one thing and developing that specialty. Jobs knew gadgets, which led to the Mac, the iPod, and the iPad. Brin specialized in search and the result was Google.

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Does bigger mean more efficient?

Abrigo

'With size comes economies of scale. Larger institutions can “scale” to meet challenges that many smaller institutions find hard to handle. Being better equipped to meet regulatory demand comes to mind amidst other advantages: marquee clients, specialized positions, brand recognition, etc. A recent post by Jeff Marisco, author of Jeff for Banks , highlighted trends in efficiency among financial institutions with respect to asset categories.

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Retain top female staff in your accounting firm

Abrigo

'Women made up a slightly larger share of partners at CPA firms last year than they did the previous year, but there’s still room for improvement, according to industry consultant Marc Rosenberg. The latest Rosenberg Survey , set to be published in mid-December, found that 16.4 percent of partners at the nearly 400 accounting firms surveyed were female, Rosenberg said in an interview.

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Why credit unions should consider stress testing

Abrigo

'Within the financial industry, the word “regulation” often receives a mixed reaction. Viewed as a necessity by many, it draws opposition from others. Last week, the biggest names in banking addressed their balance sheets, and announced the results of their mid-year stress testing practice. The “big guys” like Citigroup, Bank of America, Wells Fargo and others are required under the Dodd-Frank financial laws to release their findings publicly , as a step to prepare for th

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Poll: Does your firm have a formal marketing plan in place?

Abrigo

'ProfitCents by Sageworks recently hosted a webinar on How to Create and Implement a Marketing Plan in Your Firm. Bonnie Buol Ruszczyk, President of bbr marketing, discussed strategies for developing a marketing road map to to attract the clients that will be most valuable for your firm. During the presentation, accounting professionals were polled on whether their firm had a formal marketing plan in place.

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How to manage the risk of commercial real estate lending

Abrigo

'As banks are increasingly playing a bigger role in commercial real estate lending, it is more important than ever to ensure proper risk management practices. This is especially true for banks exceeding one or both of the commercial real estate (CRE) supervisory criteria. According to Forbes , U.S. banks are seeing incredibly low loss rates on CRE and construction loans relative to the past six years.

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