Cybercriminals and nation-state actors are launching more sophisticated attacks against electric utility infrastructure than ever before. Power grids, distribution networks, and control systems that millions depend on daily have become prime targets for attackers seeking to disrupt essential services. The consequences of successful attacks extend far beyond financial losses, potentially affecting public safety, economic stability, and national security. This article will explore how penetration testing serves as a crucial defense mechanism for protecting electric utility infrastructure from evolving cyber threats 

The Unique Threat Landscape Facing Electric Utilities  

Electric utilities operate in a complex threat environment. Traditional cybersecurity approaches often fall short because utility systems blend information technology with operational technology in ways that create unique vulnerabilities. 

Power generation facilities, transmission systems, and distribution networks rely on interconnected systems that were originally designed for reliability and efficiency rather than security. Many of these systems use legacy protocols and equipment that cannot easily accommodate modern security measures. Attackers understand these weaknesses and target the interfaces between corporate networks and operational systems. 

The financial motivations behind utility attacks continue to grow. Ransomware groups view utilities as lucrative targets because operational disruptions can force quick payment decisions. Non-compliance with NERC CIP requirements can lead to fines and forced outages for generation and transmission. Furthermore, the organizational response required to move into compliance often leads to even more costly employee work efforts, time, and resources. 

Why Traditional Security Measures aren’t Sufficient 

Standard cybersecurity tools and practices that work well in typical corporate environments often prove inadequate for electric utility infrastructure. The operational technology environments that control power systems have specific requirements that conventional security solutions cannot address effectively. 

Network segmentation becomes challenging when operational systems need to communicate across different zones and with external partners. Real-time operational requirements also create constraints that don’t exist in traditional IT environments. Power systems cannot tolerate the latency that many security tools introduce, and maintenance windows for security updates are extremely limited. These factors create persistent vulnerabilities that attackers can exploit. 

How Penetration Testing Addresses Utility-Specific Vulnerabilities 

Penetration testing provides electric utilities with a controlled method for identifying and addressing security weaknesses before attackers can exploit them. Unlike automated vulnerability scanners, penetration tests can safely evaluate the complex interactions between IT and operational technology systems. 

The testing process reveals vulnerabilities in network segmentation, access controls, and monitoring systems that automated tools might miss. Testers can also evaluate physical security measures at substations and control facilities, providing a comprehensive assessment of potential attack vectors. 

Regulatory Compliance and Industry Standards 

Electric utilities must comply with stringent regulatory requirements that mandate regular security assessments. The North American Electric Reliability Corporation Critical Infrastructure Protection standards require utilities to demonstrate that they’ve implemented appropriate cybersecurity measures and conducted regular testing. 

Penetration testing helps utilities meet these compliance obligations while going beyond checkbox requirements to provide genuine security improvements. Regulators increasingly expect utilities to conduct sophisticated security assessments that reflect the current threat environment.  
 
“BPM recommends performing cybersecurity assessments once every year, which if scheduled ahead of your compliance reporting window, can aid in several common processes. For example, performing a carefully orchestrated penetration test can help satisfy your electronic and physical access reviews, port/service review, training requirements, and more. This penetration test will also illuminate potential attack vectors into your OT network that have gone unnoticed despite CIP compliance.” – Ryan Ferran 

The testing documentation also serves as evidence of due diligence in the event of a security incident. Utilities that can demonstrate proactive security testing are better positioned to manage regulatory responses and maintain their operating licenses. 

Learn more about How to do penetration testing

Building Resilient Defenses Through Continuous Testing 

Effective penetration testing for electric utilities requires an ongoing approach rather than periodic assessments. Threat actors continuously develop new attack techniques, and utility systems evolve through equipment upgrades and operational changes. 

Regular testing helps utilities understand how their security posture changes over time and identifies new vulnerabilities that emerge from system modifications. The testing results inform security investments and help prioritize remediation efforts based on actual risk levels rather than theoretical concerns. 

“While absolutely necessary and beneficial to the Bulk Electric System (BES), NERC CIP compliance can cast a shadow over real-world security. CIP standards help organizations meet the baseline to operate on the BES; however, surviving an actual cyber attack requires more than baseline compliance. In my experience, the organizations that are actually in a prepared and defensive position performed several in-depth security review/remediation cycles over a few years. From the pen tests I have performed, the overlap of IT and OT is full of vulnerabilities, often neglected, erroneously out of CIP scope, and exactly where I succeed in infiltrating power companies.” – Ryan Ferran 
 
Testing also provides valuable training opportunities for utility security teams, helping them understand attacker techniques and improve their incident response capabilities. 

Working with BPM for comprehensive security assessment 

BPM brings deep understanding of both cybersecurity practices and electric utility operations to deliver penetration testing services that address your specific infrastructure needs. Our team combines technical security knowledge with practical experience in power system operations, ensuring that testing activities enhance security without disrupting critical services. 

We work closely with your operational and security teams to develop testing strategies that align with your prioritized security concerns, common gaps in security from our own experience, and regulatory requirements. Our comprehensive approach examines both cyber and physical security aspects of your infrastructure, providing actionable recommendations that strengthen your overall security posture. To discuss how our specialized penetration testing services can help protect your critical infrastructure from evolving cyber threats, contact us.  

Your finance function should be a source of confidence, not concern. But too often, small operational weaknesses go unnoticed until they snowball into serious problems that threaten cash flow, decision-making, and growth. The good news is that these vulnerabilities usually leave clues long before they become crises. 

5 ways to identify weaknesses in your finance operations 

This article will walk you through the warning signs to watch for and the practical steps you can take to strengthen your finance operations before minor issues turn into major risks. 

Recognize the early warning signs 

Finance weaknesses rarely announce themselves. They show up as small frustrations that your team learns to work around. A payment that’s slightly late. A report that needs corrections. An invoice that slips through the cracks. 

Start by paying attention to patterns in day-to-day operations. Are vendor payments consistently going out at the last minute? Do your financial reports require frequent revisions after they’re initially prepared? These aren’t just inconveniences. They’re symptoms of deeper operational issues. 

Cash flow problems often serve as the canary in the coal mine. If your business regularly faces unexpected shortfalls or struggles to cover routine expenses, something in your finance operations needs attention. The same goes for rising operational costs that don’t seem tied to business growth. 

Customer payment delays can also signal process weaknesses. When clients consistently pay late, the problem might not be the clients themselves but your invoicing and collection procedures. 

Conduct a thorough operational review 

Once you’ve identified potential red flags, take a systematic look at your current finance operations. This means examining every aspect of how financial information flows through your organization.  

Start with your core processes. Map out how transactions move from initiation to completion. Where do things slow down? Where do errors occur most frequently? These bottlenecks and error points reveal where your operations are most vulnerable. 

Review the accuracy and timeliness of your financial data. Can your leadership team access reliable financial information when they need it? If not, you’re operating with a significant blind spot that increases risk across the organization. 

Consider the tools and systems your team uses daily. Outdated technology or disconnected systems force your team to work harder while increasing the chance of mistakes. Manual data entry, spreadsheet-based processes, and systems that don’t talk to each other all create opportunities for problems. 

Use metrics to uncover hidden weaknesses 

Numbers tell stories that observations might miss. The right metrics can reveal operational weaknesses that aren’t immediately obvious. 

Track your accounts payable turnover to understand how efficiently you’re managing vendor relationships. A declining rate might indicate process issues that could damage supplier relationships over time. 

Monitor your accounts receivable aging carefully. When the time between invoicing and payment starts stretching out, it points to collection process weaknesses that affect cash flow. 

Your cash conversion cycle measures how long cash is tied up in operations. A lengthening cycle suggests inefficiencies that are constraining your financial flexibility. 

Don’t forget about profit margins. If margins are shrinking despite steady revenue, operational costs are likely creeping up in ways that deserve investigation. 

Streamline before problems escalate 

Identifying weaknesses means nothing without action. The most effective response combines quick fixes with longer-term structural improvements. 

Automation offers one of the fastest paths to reducing operational risk. Repetitive tasks like invoice processing, expense tracking, and payment scheduling can be automated to eliminate errors and free your team for more valuable work. 

Standardizing processes across your finance function reduces confusion and inconsistency. When everyone follows the same procedures, mistakes decrease and training new team members becomes easier. 

Building a culture of continuous improvement within your finance team creates an environment where weaknesses get spotted and addressed quickly. Team members who feel empowered to suggest improvements become your best defense against operational risks. 

Think beyond quick fixes 

Addressing immediate weaknesses is important, but lasting improvement requires a strategic approach to your finance operations as a whole. 

Set specific, measurable goals for operational improvement. Vague intentions to “do better” won’t drive change. Clear targets like reducing the invoice-to-payment cycle by 30% or cutting error rates in half give your team something concrete to work toward. 

Create accountability by assigning ownership of specific improvements to team members. Regular progress reviews keep initiatives moving forward and prevent backsliding into old habits. 

Most importantly, recognize that finance operations need ongoing attention. Markets change, regulations evolve, and business needs shift. What works today might create vulnerabilities tomorrow if you’re not continuously evaluating and adapting. 

Partner with BPM for finance transformation 

Spotting weaknesses is one thing. Transforming your finance function into a strategic asset is another. BPM’s Finance Transformation Practice helps organizations move beyond fixing problems to building finance operations that drive better decisions and stronger business performance. 

We take a comprehensive approach that combines process improvement, automation, digitalization, and data-driven decision-making. Our team works alongside yours to create integrated systems that eliminate silos, enhance security and compliance, and turn your finance function into a competitive advantage. To discuss how we can help transform your finance operations from a potential risk into an engine for growth, contact us.  

Selecting the right accounting software for your organization’s needs can be daunting. This is especially true for rapidly growing small-to-medium-sized businesses (SMBs).  

Understanding key features and capabilities can help you choose the solution that best supports your organization’s needs. In this article, we’ll compare two of the most popular choices: Sage Intacct vs. QuickBooks. Both cater to SMBs and offer the ability to streamline your accounting processes. The choice between the two depends on your organization’s size, complexity and needs. 

Sage Intacct Overview 

Sage Intacct is a true cloud-based accounting and ERP system. Launched in 1999 by Intacct Corporation and later acquired by Sage Group PLC, Sage Intacct is now a leading ERP software. It is the only ERP recommended by the American Institute of Certified Public Accountants (AICPA). 

Sage Intacct is a good choice for SMBs, especially those with multiple entities. Many organizations combine Sage Intacct with outsourced accounting services during implementation and beyond for optimal results. Its advanced financial reporting gives users insights into their financial performance. The ability to track key metrics helps business owners make data-driven decisions.  

Sage Intacct automates a wide range of financial processes, including invoice management, expense tracking and revenue recognition. It also provides multi-entity support. This allows companies with multiple locations, subsidiaries or divisions to manage their finances seamlessly within a single platform. 

QuickBooks Overview 

QuickBooks, developed by Intuit, is an affordable option for entrepreneurs, freelancers and small business owners.  

QuickBooks integrates payment processing within the platform. This allows businesses to accept payments directly and manage cash flow more efficiently. It also syncs automatically with bank accounts, credit cards and other financial institutions, keeping financial data current. 

QuickBooks is a good option for small businesses with simple accounting needs. However, it lacks detailed financial reporting capabilities. Organizations may need to upgrade to a more robust system as they grow. 

Discover more about our Sage Intacct services

Sage Intacct vs. QuickBooks 

Sage Intacct and QuickBooks offer reliable accounting software for the mid-sized market and are relatively easy to use, even for non-accountants. 

However, they differ in several important areas.   

Key Features 

Both Sage Intacct and QuickBooks offer a range of features, but each excels in different areas. 

 Key points of comparison: 

Feature	Sage Intacct	QuickBooks
Financial reporting	Advanced, customizable	Basic, limited customization
Multi-entity support	Yes	No
Automation	Extensive	Limited
Basic accounting	Yes	Yes
Ease of use	Moderate complexity	Highly user-friendly
Revenue recognition	Advanced	Basic; available in one version
Customization	Highly customizable	Basic customization

 

• Financial reporting: Sage Intacct’s reporting capabilities are significantly more advanced than QuickBooks, allowing for multi-dimensional reporting across various business entities, locations and departments. 
• Multi-entity support: Sage Intacct excels at managing multiple entities, making it ideal for businesses with complex structures. QuickBooks does not offer multi-entity support, limiting its use to businesses with multiple locations or subsidiaries. 
• Basic accounting: Sage Intacct and QuickBooks both offer basic accounting capabilities. These include general ledger management, accounts payable/receivable and bank reconciliation. However, Sage Intacct provides more advanced and comprehensive financial management capabilities that are better suited for larger, growing or complex organizations. 
• Automation: Sage Intacct provides extensive automation options, reducing manual tasks and improving efficiency. QuickBooks offers basic automation features but does not match the level of automation available in Sage Intacct. 
• Ease of use: QuickBooks has a user-friendly interface and is easy to learn. Sage Intacct has a slightly steeper learning curve. However, it provides greater control over financial management. 
• Revenue recognition: Sage Intacct offers advanced revenue recognition features. These support complex, multi-element arrangements and compliance with ASC 606 and IFRS 15. QuickBooks provides basic revenue recognition with its Online Advanced version only. 
• Customization: Though QuickBooks offers basic solution customizations, Sage Intacct is the more customizable platform. With advanced customization options, Sage Intacct gives you the capabilities to implement and utilize a platform that fits your unique needs. 

Ability to Scale 

Sage Intacct’s cloud-based architecture enables organizations to easily add more users, entities and functionalities as their requirements evolve. Sage Intacct also provides advanced features and modules that cater to the specific needs of larger enterprises. These features are essential for organizations operating across multiple locations, managing complex projects or adhering to stringent accounting standards.  

QuickBooks offers some scalability. However, the number of users, transactions and advanced features it can support is limited. It may quickly become limiting as an organization expands and requires more robust financial management capabilities.  

Customization 

Customization allows businesses to tailor a solution to their specific needs and workflows. Both Sage Intacct and QuickBooks offer customization options. However, the extent and flexibility of these customizations differ significantly. 

Sage Intacct’s extensive customization capabilities make it an ideal choice for organizations with unique or complex requirements. Users can create custom fields, modify existing ones and design custom reports and dashboards. This allows them to gain insights tailored to their specific business metrics. 

QuickBooks offers more limited customization options. Users can customize invoices, forms and reports to a certain extent. However, its customization capabilities are not as extensive as those offered by Sage Intacct. This may be especially problematic for businesses with complex or industry-specific requirements – the manufacturing, construction or professional services sectors, for example.   

Integrations 

Both Sage Intacct and QuickBooks offer integration capabilities with third-party applications and software platforms. This allows businesses to streamline their operations and leverage additional functionalities.  

Sage Intacct’s open API architecture enables seamless integration with a wide range of business applications. These include Salesforce, ADP, Expensify and various e-commerce platforms. This keeps data synchronized and enables process automation across multiple systems.  

QuickBooks integrates with over 750 popular business applications and offers an API for custom integrations. However, compared to Sage Intacct’s open architecture, the process can be more complex and may require additional development resources. 

User Experience 

QuickBooks is well-known for its user-friendly interface. This makes it an attractive choice for small businesses and entrepreneurs who prioritize ease of use. QuickBooks’ intuitive navigation makes it accessible for those new to accounting software, reducing the learning curve. 

On the other hand, Sage Intacct requires somewhat more training to use effectively, although it is more straightforward than many other advanced ERPs. While the learning curve may be somewhat steeper, Sage Intacct’s interface provides a high degree of customization. This allows users to tailor the layout and dashboards according to their preferences and workflows. 

When to use Sage Intacct vs. QuickBooks 

QuickBooks provides an affordable, user-friendly solution for startups and small businesses with basic accounting requirements. However, as your organization grows in size, complexity and ambition, Sage Intacct may be the better option. This is especially the case for organizations with complex accounting needs, such as nonprofits. Nonprofits also benefit from BPM’s specialized nonprofit audit services alongside Sage Intacct implementation.

In our experience, organizations tend to switch from QuickBooks to Sage Intacct when they have too many manual processes and QuickBooks’ reporting becomes too limited. If your organization is experiencing rapid growth or has expansion plans, Sage Intacct offers superior scalability and customization options. 

Modernize your Operations with BPM and Sage Intacct 

For over 30 years, BPM has been a trusted advisor to businesses. Our seasoned professionals have a proven track record of successfully deploying Sage Intacct for businesses across a wide range of industries. We work closely with every client to tailor a Sage Intacct implementation that aligns with their existing systems and supports their plans. 

Leverage BPM’s knowledge and experience, coupled with the robust capabilities of Sage Intacct, to transform your financial operations. Contact us today to schedule a consultation and learn how Sage Intacct can transform your organization. 

Choosing the right accounting software is a game-changer for businesses. It’s not just about keeping the books balanced—it’s about unlocking your company’s full financial potential. The ideal software streamlines processes, providing clear insights into your financial health. This clarity empowers better decision-making, from day-to-day operations to long-term strategy. 

Efficient financial management isn’t just helpful—it’s essential for growth. The right accounting tool does more than crunch numbers; it becomes a strategic asset, helping you spot opportunities and navigate challenges with confidence.  

NetSuite and QuickBooks are two prominent accounting and business management software solutions. NetSuite is a comprehensive enterprise resource planning (ERP) system with a wide range of functionalities. QuickBooks is an accounting software tailored for small businesses.  

Let’s dive into a comparison of NetSuite vs QuickBooks to help you understand why NetSuite is the right platform to support your business. 

NetSuite overview 

NetSuite is a cloud-based ERP software suite developed by Oracle. It integrates key business functions like financial management, customer relationship management (CRM), e-commerce, and inventory management. This unified platform helps provide operational and financial transparency across the entire business. Say goodbye to desperate siloed systems and data.  This unique system architecture enhances productivity and improves financial accuracy. 

NetSuite’s ability to scale makes it suitable for small to large enterprises. It allows businesses to adapt quickly to evolving market conditions. With global reach and multi-currency support, it meets international standards and automates local tax and reporting compliance across many different countries 

NetSuite helps businesses expand and operate efficiently worldwide. Its cloud-based design ensures secure data access from anywhere, supporting remote work and collaboration. 

Find out more about NetSuite services

QuickBooks overview 

 QuickBooks is a widely used accounting software developed by Intuit. Its user-friendly interface and basic accounting features have made it popular among small businesses and self-employed professionals.  

Notable QuickBooks features include invoicing, expense tracking, payroll management, tax preparation and financial reporting. QuickBooks allows users to perform their accounting processes, look at cash flow and view fundamental financial reports. QuickBooks also offers bank and credit card integration. Two of the most popular QuickBooks products are QuickBooks Online and QuickBooks Enterprise. 

NetSuite vs QuickBooks 

NetSuite and QuickBooks are both accounting software solutions, but they cater to different business needs and offer distinct capabilities. While QuickBooks is utilized by small businesses who favor simplicity, NetSuite provides a more comprehensive, scalable, and feature-rich platform suitable for businesses of all sizes, from growing startups to large enterprises. 

5 Signs You’ve Outgrown QuickBooks

Most companies eventually outgrow QuickBooks. Here are the triggers indicating it’s time to evaluate NetSuite:

1. Month-End Close Takes 10+ Days

If closing books takes two weeks, QuickBooks’ manual processes are slowing you down. NetSuite automation typically reduces close time to 3-5 days.

2. Managing Multiple Entities

QuickBooks requires separate files for each entity with manual Excel consolidation. NetSuite handles multi-entity with automated eliminations.

3. Investors Demanding Better Reporting

Series B+ investors expect real-time dashboards and sophisticated analysis QuickBooks can’t provide.

4. Complex Revenue Recognition

SaaS companies with subscription billing or ASC 606 requirements exceed QuickBooks’ capabilities. NetSuite’s Advanced Revenue Management automates compliance.

5. Using 5+ Disconnected Tools

QuickBooks plus Salesforce, Bill.com, Expensify, and separate systems create data silos and manual reconciliation. NetSuite integrates everything.

Experiencing these signs? Learn about NetSuite implementation.

Key Features 

As popular accounting platforms, NetSuite and QuickBooks provide several useful features: 

Feature	NetSuite	QuickBooks
Revenue recognition	Advanced capabilities	Basic features
Billing	Robust billing management	Basic billing management
General ledger	Comprehensive options	Basic options
Accounts payable/receivable	Advanced features	Basic features
Fixed asset and lease management	Advanced, dedicated capabilities	Basic capabilities
Inventory management	Comprehensive capabilities	Limited capabilities
Reporting	Advanced, customizable options	Basic options
Artificial intelligence (AI)	Advanced capabilities	Limited capabilities
Ease of use	User-friendly	User-friendly
Pricing	Custom pricing model	Tiered pricing options
Customer support	Dedicated customer support	Limited customer support
Integration	Custom, native capabilities	Limited, pre-built capabilities
Scalability	Advanced adaptation	Limited adaptation

 

When comparing NetSuite and QuickBooks across various accounting functionalities, NetSuite stands out as the superior choice in nearly every aspect. 

Revenue Recognition 

NetSuite excels with its advanced revenue recognition capabilities. Companies with complex needs often combine NetSuite with outsourced accounting services for optimal results. Supporting compliance with complex accounting standards such as ASC 606 and IFRS 15. It effectively handles intricate revenue scenarios, making it ideal for businesses with sophisticated needs. In contrast, QuickBooks offers only basic revenue recognition features, suitable primarily for simpler business models. 

Billing 

NetSuite provides a comprehensive billing management system that includes recurring billing, usage-based billing, and advanced revenue management. QuickBooks, on the other hand, has basic invoicing and billing capabilities, lacking the advanced features found in NetSuite. 

General Ledger 

While both NetSuite and QuickBooks offer multi-currency and multi-company support, NetSuite’s general ledger is notably more advanced. It includes features such as automatic reversing entries, advanced allocations, and seamless integration with other modules, making it the superior option for complex accounting needs. 

Accounts Payable/Receivable 

Both platforms offer accounts payable and receivable functionalities, including vendor management, payment processing, and customer credit management. However, NetSuite surpasses QuickBooks with advanced features like automated billing schedules and integrated cash flow forecasting. 

Fixed Asset and Lease Management 

NetSuite stands out with dedicated modules for fixed asset management and lease accounting, allowing businesses to track, depreciate assets, manage leases, and comply with standards like ASC 842. QuickBooks provides only basic fixed asset management, lacking the depth and compliance features of NetSuite. 

Inventory Management 

NetSuite offers a robust inventory management system with multi-location tracking, lot and serial number tracking, and advanced costing methods. QuickBooks has inventory management features, but they are more limited compared to the comprehensive capabilities of NetSuite. 

Reporting 

Both platforms provide reporting capabilities, but NetSuite’s reporting is far more advanced. It features real-time dashboards, drill-down capabilities, and seamless integration with other modules, offering a wide range of pre-built reports and extensive custom reporting options.  

AI Capabilities 

NetSuite benefits from its affiliation with Oracle, leveraging cutting-edge AI technology, robust Oracle Cloud Infrastructure (OCI), and Oracle Autonomous Database. This integration provides you with access to advanced machine learning models and AI-driven insights. Here are some of the top AI capabilities you’ll have access to when leveraging NetSuite: 

1. NetSuite Analytics Warehouse: Uses AI to find patterns and trends in data, providing key insights and explanations that drive revenue and performance. 
2. Predictive Analytics: Forecasts future revenue and cash flow, helping businesses anticipate financial needs and performance. 
3. Intelligent Automation: Automates routine tasks and processes, including expense categorization, to improve efficiency and reduce manual work. 
4. Customer Insights and Personalization: Analyzes customer behavior to deliver tailored marketing strategies and product recommendations. 
5. Advanced Financial Reporting: Provides real-time dashboards with AI-driven insights and detailed drill-down analysis for better financial decision-making. 
6. Anomaly Detection: Identifies unusual patterns in transactions to prevent fraud and errors in financial data. 
7. Supply Chain Optimization: Uses AI to manage inventory, predict demand, and evaluate supplier performance for better procurement strategies. 
8. Sales and Marketing Automation: Scores and prioritizes sales leads and assesses marketing campaigns to improve effectiveness. 
9. Employee Productivity and Engagement: Analyzes employee performance and offers personalized training recommendations to boost productivity and retention. 
10. Data Integration and Management: Integrates data from various sources for unified insights and cleanses data to ensure accuracy. 

In contrast, QuickBooks’ AI capabilities are relatively basic. Intuit Assist, the AI-powered assistant for QuickBooks, provides features like cash flow predictions and expense categorization. However, it lacks the advanced predictive analytics and intelligent automation available in NetSuite, making it less suited for more complex business needs. 

Ease of Use 

NetSuite’s user interface is designed for ease of navigation with customizable dashboards and workspaces that cater to specific roles and preferences. Even with its advanced features, NetSuite offers a short learning curve, making it accessible even to new users. 

QuickBooks is known for its user-friendly interface, which is beneficial for smaller businesses. However, as businesses grow and require more advanced features, QuickBooks can become limiting, whereas NetSuite’s comprehensive interface scales seamlessly with business needs. 

Pricing Comparison 

NetSuite’s pricing model is designed to reflect its extensive features and scalability. The platform’s comprehensive capabilities and adaptability ensure that your business receives significant benefits providing a strong return on investment, supporting growth and evolving needs. 

QuickBooks provides tiered pricing plans to accommodate various business needs. Each plan is designed to offer different levels of functionality and support, allowing businesses to select the plan that best fits their current size and requirements. 

Customer Support 

NetSuite provides dedicated customer support with personalized guidance, training and troubleshooting to maximize the value of its software. This includes assistance with implementation and ongoing support from NetSuite consultants. 

QuickBooks offers more limited customer support, with varying levels of assistance depending on the plan. Basic support is included, but more specialized help may incur additional costs or require higher-tier plans. 

Integration and Scalability 

NetSuite excels in integration with its hundreds of pre-built connectors to best-in-class business applications, including CRM, marketing automation, POS systems and payment processing. It also offers open APIs for custom integrations, enhancing its flexibility. 

QuickBooks has some pre-built integrations, but custom integrations require APIs and developer resources. QuickBooks does provide integration through third-party tools but lacks the native integration capabilities of NetSuite. 

In terms of scalability, NetSuite’s unified cloud platform adapts seamlessly as your business expands, accommodating increased complexity. QuickBooks scales from its Online to Enterprise versions but lacks the comprehensive platform of NetSuite, requiring additional IT resources for customization and scaling. 

Switching from QuickBooks to NetSuite 

As businesses grow and their needs become more complex, QuickBooks’ limitations can become apparent. This is where NetSuite’s comprehensive suite of business management tools has the advantage. The cloud-based architecture and modular design allow you to easily add or remove functionalities as your business evolves. This means that you always have the right tools at your disposal.  

Making an accelerated switch to NetSuite 

If you’re considering switching from QuickBooks to NetSuite, BPM’s NetSuite Accelerator Program offers a comprehensive solution to help you navigate the transition smoothly. This program provides end-to-end support, from consultation to implementation, ensuring a seamless, accelerated migration to NetSuite. Here’s how the process works: 

1. Initial consultation and assessment: We begin by working closely with you to gain a full understanding of your business processes and to discuss your pain points. This comprehensive assessment allows us to provide an effective solution tailored to your specific needs, budget and timeline.
2. Evaluation and roadmap development: Next, our team evaluates your current processes and technology against industry best practices to identify areas for improvement. Based on this evaluation, we develop a tailored roadmap and game plan for moving your organization toward ERP modernization with NetSuite.
3. Phased implementation approach: Our NetSuite Accelerator Program uses a unique phased approach to implementation, which minimizes risk while accelerating time to value:

Phase I (Six Weeks):

NetSuite implementation and optimized future state roadmap  

• Configure NetSuite for your business segments, subsidiaries, departments, classes and locations 
• Automate accounting processes, including financial reporting, journal entry, bank account reconciliation, budgeting and forecasting, financial close and accounting period management 
• Set up accounts payable and receivable functionality 

Phase II (Months 2-5):

Operations management, business process optimization and third-party integrations  

• Add operations management functionality, including procurement, inventory management, order and warehouse management, eCommerce and payment processing 
• Implement recommendations from the optimized future state roadmap 
• Provide solutions architecture and integration support with outside vendors 
• Clean up historical data to an agreed-upon lookback period 

4. Ongoing training, support and project management: Throughout the entire process, BPM provides:

• Hands-on, progressive NetSuite training and support 
• Data conversion and migration services 
• Comprehensive project management 
• In-depth user acceptance testing and readiness assessments 

5. Continuous optimization: Our goal is to support you throughout your NetSuite journey as your business grows and transforms. Our team guides and supports necessary adjustments based on your evolving needs, ensuring that your NetSuite system continues to meet your business requirements.

By leveraging BPM’s NetSuite Accelerator Program, you can ensure a smooth transition from QuickBooks to NetSuite. This focused, phased approach not only minimizes risk but also accelerates your time to value. It reduces costs and implementation time compared to standard methods, allowing you to realize a faster return on investment while empowering your team to achieve quick wins. 

BPM’s NetSuite Consulting and Implementation Services 

BPM is a trusted partner for businesses seeking comprehensive solutions. We offer a wide range of services including assurance, tax, advisory, and more. Among our extensive offerings, we support our clients with NetSuite consulting and implementation services.  

Our team of certified NetSuite professionals have extensive experience helping clients achieve scalable results. If you have outgrown QuickBooks or another platform, we can help make the transition to NetSuite easy and efficient.  

We will work closely with you to understand your business processes, requirements, and goals. This will allow us to create a customized solution that aligns with your specific needs. We will help you select and implement the NetSuite services that will give you the best return on your investment. Our team will be by your side every step of the way.  

If you’ve outgrown your current accounting software, contact us today. Schedule a free consultation and learn how our NetSuite Implementation Services can drive your business forward. 

Download the e-book, “Maximizing your NetSuite Investment” for insights Implementation approaches and operational benefits for scaling companies.

Growth-stage SaaS companies face a unique challenge when it comes to financial reporting. Your investors don’t just want to see traditional GAAP financials. They expect you to track and report on specific metrics that demonstrate the health and scalability of your recurring revenue model. 

Understanding which metrics matter most and how to accurately track them can make the difference between securing your next funding round and watching competitors pull ahead. This article will cover the essential financial metrics investors scrutinize, why accurate tracking matters, and how the right accounting infrastructure supports your growth trajectory. 

Why Investors Focus on SaaS-Specific Metrics 

Traditional accounting metrics don’t tell the full story for subscription-based businesses. While profit and loss statements matter, investors need to understand how efficiently you acquire customers, how well you retain them, and whether your unit economics support sustainable growth.  

Investors use these metrics to evaluate whether your business can scale profitably. They want to see that you’re not just growing revenue but doing so in a capital-efficient way that demonstrates strong fundamentals. Without accurate tracking and reporting of key indicators, you’ll struggle to build investor confidence or benchmark your performance against industry standards. 

5 Key Metrics Investors Expect SaaS Companies to Track 

1. Monthly Recurring Revenue (MRR) and Annual Recurring Revenue (ARR) 

MRR and ARR form the foundation of your financial reporting. These metrics show investors the predictable revenue stream your business generates each month and year. 

Calculate MRR by multiplying your total number of paying customers by the average amount each customer pays per month. Your ARR is simply your MRR multiplied by 12. Most investors expect you to break these numbers down further, showing new MRR from new customers, expansion MRR from upsells, and contraction MRR from downgrades or churn. 

Clean MRR reporting requires accurate subscription data. Your accounting system needs to properly categorize different types of recurring revenue and track changes over time. NetSuite and Sage Intacct both offer subscription management capabilities that help automate these calculations and ensure consistency in your reporting. 

2. Customer Acquisition Cost (CAC) and Payback Period 

CAC tells investors how much you spend to acquire each new customer. Calculate this by dividing your total sales and marketing expenses by the number of new customers acquired during that period. 

The CAC payback period shows how many months it takes to recover your acquisition costs. Investors typically want to see payback periods of 12 months or less for growth-stage companies. A shorter payback period means you can reinvest cash into growth more quickly. 

Your accounting system needs to properly allocate sales and marketing expenses and tie them to customer acquisition data. This often requires integration between your CRM, marketing automation platform, and financial systems to ensure accuracy. 

3. Customer Lifetime Value (LTV) 

LTV represents the total revenue you expect to generate from a customer over their entire relationship with your company. Investors compare LTV to CAC to evaluate whether your unit economics make sense.  

Calculate LTV by multiplying your average revenue per customer by the average customer lifetime, then subtracting the costs to support that customer. A healthy LTV to CAC ratio is typically 3:1 or higher, meaning you generate three dollars in lifetime value for every dollar spent on acquisition. 

Accurate LTV calculations require clean data on customer tenure, expansion revenue, and support costs. Your accounting platform should track these variables consistently and allow you to model different scenarios. 

4. Net Revenue Retention (NRR) 

NRR has become one of the most important metrics for growth-stage SaaS companies. This metric shows investors whether you’re growing revenue from your existing customer base through upsells and expansions. 

Calculate NRR by taking your starting MRR from existing customers, adding expansion revenue, subtracting churn and contraction, then dividing by your starting MRR. Investors look for NRR above 100%, which indicates you’re growing revenue even without adding new customers. 

Tracking NRR accurately requires your accounting system to distinguish between different types of revenue changes and attribute them to specific customer cohorts. This level of detail becomes increasingly important as you scale. 

5. Churn Rate 

Churn directly impacts your ability to grow. Investors want to see both logo churn (the percentage of customers who cancel) and revenue churn (the percentage of revenue lost from cancellations). 

Monthly churn rates above 2-3% raise red flags for most investors. If you’re losing customers or revenue faster than you can replace them, your growth trajectory becomes unsustainable. 

Your accounting system should automatically calculate both types of churn and allow you to analyze trends over time. You need visibility into which customer segments churn most frequently and what impact that has on your financial projections. 

Learn more about our Outsourced Accounting services

The Infrastructure Required for Accurate Metric Tracking 

Tracking these metrics manually becomes impossible as you scale. You need accounting software built for subscription businesses that can automate calculations, maintain data integrity, and produce investor-ready reports. 

Both NetSuite and Sage Intacct offer robust capabilities for SaaS companies. These platforms automate revenue recognition, track subscription metrics, and integrate with your other business systems to provide a single source of truth for your financial data. 

The right infrastructure eliminates spreadsheet errors, reduces month-end close time, and gives you real-time visibility into your metrics. This allows you to make faster decisions and respond to investor questions with confidence. 

Building Your Financial Foundation for Growth 

Accurate metric tracking isn’t just about satisfying investor requirements, it’s about running your business effectively. When you have reliable data on your unit economics, you can make smarter decisions about pricing, sales strategy, and resource allocation. 

As you move through different growth stages, investors will expect increasingly sophisticated reporting. Building the right accounting infrastructure now positions you for success as you scale. Don’t wait until your next fundraise to get your metrics in order. 

Work with a Firm that Understand SaaS  

At BPM, we work with growth-stage SaaS companies to build the financial infrastructure they need to scale. We understand the metrics investors care about because we help our clients prepare for funding rounds, acquisitions, and IPOs. Our team can help you implement the right accounting systems, establish proper controls, and create investor-ready financial reports.  

Whether you’re tracking these metrics for the first time or preparing for your Series B, we can help you build confidence in your numbers. To discuss how we can support your growth journey and ensure your financial reporting meets investor expectations, contact us.   

Winery owners constantly innovate to improve their cultivation and fermentation processes. What many don’t realize is that these daily activities may qualify for valuable Research and Development (R&D) tax credits. Despite the significant financial benefits available, most wineries leave this money on the table simply because they don’t know their work qualifies.  

This article will explore what makes your winery eligible, which activities qualify, and how recent tax law changes make these credits even more valuable. 

Understanding R&D Tax Credits for Wineries 

R&D tax credits allow businesses to claim a dollar-for-dollar reduction in their tax liability for qualified research and development expenditures. These credits represent a significant financial advantage. You can reduce your tax bill and generate cash back for reinvestment in your operation. 

Companies of all sizes qualify for the federal R&D tax credit. Additionally, 70% of states now offer their own research and development tax credits. According to industry research, while more than 14,000 U.S. companies claim federal R&D credits annually, less than 33% of companies that actually qualify apply for them.  

What Qualifies as Research and Development? 

The tax definition of qualified research extends beyond traditional laboratory work. Companies that develop new or improved products, processes, or software for its operations may be eligible for the R&D tax credit. 

Your research must meet a 4 part test criteria at a “business component” or project level: 

• Technological in Nature: 
  The work must rely on principles of physical sciences, biological sciences, engineering, or computer science. 
• Permitted Purpose: 
  The activity must aim to create or improve a product, process, technique, invention, formula, or software in terms of performance, reliability, quality, or functionality. 
• Elimination of Uncertainty: 
  The activity must attempt to resolve uncertainty about how to develop or improve the product or process (uncertainty about capability, method, or design). 
• Process of Experimentation: 
  The activity must involve a process of evaluating alternatives through modeling, simulation, systematic trial and error, or other testing methods. 

The good news? Your project doesn’t have to succeed to qualify for the credit. 

Qualifying Activities for Wineries 

Wineries conduct research and development in various ways. New manufacturing processes qualify. Improvements to wine quality and taste may qualify. Developing new or improved beverages can potentially qualify for the R&D tax credit. 

Vineyard Optimization 

Your vineyard work may qualify when you evaluate soil conditions, water availability, and ground slopes to optimize grape cultivation. Developing soil and rootstock improvement processes counts. So does designing trellis improvements and developing plant irrigation systems. 

Production and Bottling Improvements 

You may qualify when you develop new or improved bottling and packaging processes. Testing new or improved corks qualifies. Developing improvements to bottle labeling materials counts. Evaluating varied filtration methods to prevent microbial spoilage and increase wine quality qualifies. Testing products to ensure shelf life also makes the list. 

Enhancing Your Production Mix 

Many qualifying activities happen during production. Evaluating conditions like humidity, lighting, ventilation, temperature, and barrel fermentation for wine production may qualify if it meets the 4 part test. Developing flavor or aroma profiles, improved ingredient mixing methodologies, and product prototype batches all may potentially qualify. 

You can claim credits for developing new or improved quality assurance testing processes. Testing products to ensure consistency qualifies. So does developing new or improved preservative chemicals. 

Economic Efficiency Research 

Improvements to the economic efficiency of your fermentation process qualify. Experimenting with equipment to improve both efficiency and precision during fermentation counts. Developing improved grape strains qualifies. Testing product ingredient mixtures for desired flavor or aroma profiles also makes the cut. 

Learn more about R&D Tax Credits

Recent Tax Law Changes: The One Big Beautiful Bill Act 

The tax landscape for R&D credits recently improved significantly. The One Big Beautiful Bill Act, signed into law on July 4, 2025, permanently restored immediate expensing for domestic research and experimental expenditures for tax years beginning after December 31, 2024. This reverses years of required capitalization and amortization that created cash flow challenges for innovative businesses. 

Small businesses with average annual gross receipts under $31 million can now amend prior year tax returns to expense domestic R&D costs retroactively back to 2022. This means you may be eligible for refunds on taxes you already paid. 

All taxpayers can elect to accelerate remaining unamortized domestic R&D expenses from 2022-2024, either in full in 2025 or split between 2025 and 2026. This creates immediate cash flow benefits for wineries that have been capitalizing these costs. 

The new law creates a clear incentive for domestic research. Foreign R&D expenses must still be amortized over 15 years, but domestic expenses can now be fully deducted in the year incurred. 

New Reporting Requirements 

Be aware that the IRS updated Form 6765 for 2025. Detailed project-level reporting is now mandatory for businesses with over $1.5 million in Qualified Research Expenses. You’ll need to track R&D projects and expenses more precisely than before. Higher audit risk exists if your documentation is incomplete or inconsistent. 

Work With BPM to Navigate R&D Tax Credits for Your Winery 

Navigating R&D tax credits requires specialized knowledge of IRS requirements and documentation standards. The recent changes under the One Big Beautiful Bill Act create new opportunities but also add complexity around elections, retroactive claims, and coordination with other tax provisions. 

BPM helps wineries identify qualifying activities, document research efforts properly, and maximize available credits while maintaining compliance with new reporting requirements. For a free assessment to determine your R&D tax credit eligibility and develop a strategy that puts cash back into your winery, contact us.  

The cryptocurrency landscape has reached a critical inflection point for businesses. With Bitcoin surging and stablecoins processing over $15 billion in daily transactions—surpassing traditional payment networks—the question is no longer whether your business will encounter digital assets, but how you’ll account for them. As stablecoin transfer volumes hit $27.6 trillion last year, surpassing the combined volume of Visa and Mastercard transactions, the need for sophisticated crypto accounting has moved from niche to mainstream. 

The accounting complexity intensifies with new regulatory requirements. FASB’s ASU 2023-08, effective for fiscal years starting after December 15, 2024, requires subsequent measurement of certain crypto assets at fair value, with fair value changes recorded in net income in each reporting period.  

This fundamental shift from cost-less-impairment to fair value accounting means businesses must decide: build internal crypto accounting capabilities or partner with specialized providers? 

The hidden complexity of crypto accounting 

Unlike traditional assets, cryptocurrency accounting presents unique challenges that compound traditional accounting costs. The complexity goes far beyond simple transaction recording, requiring specialized knowledge of blockchain technology, DeFi protocols, and evolving regulatory frameworks. 

Multi-layered transaction complexity 

Crypto transactions involve intricate details that traditional accounting systems can struggle to capture. Each transaction requires tracking across multiple dimensions: 

• Cost basis calculations with multiple accounting methods (FIFO, LIFO, specific identification)  

• Fair value determinations from multiple exchanges with varying liquidity and spreads  

• Transaction fee allocations across different blockchain networks with fluctuating gas costs  

• Multi-chain asset tracking as businesses operate across Bitcoin, Ethereum, Solana, and emerging networks  

• DeFi protocol interactions including staking, lending, and liquidity provision 

Hiring a specialized crypto accountant can cost anywhere from $200 to $500 per hour, with more complex cases involving DeFi complexity like liquid staking rebase tokens or NFT bonds seeing fees rise further. Some firms offer monthly packages ranging from $1,000 to $5,000, depending on the services provided. 

Regulatory compliance burden 

The regulatory landscape creates additional layers of complexity and valuations are constantly fluctuating, so businesses must maintain: 

• Real-time fair value tracking with proper documentation for audit purposes  

• Detailed transaction logs across all platforms, exchanges, and protocols  

• Multi-jurisdiction compliance as crypto regulations vary significantly by location  

• Audit-ready documentation that satisfies both internal and external requirements 

The true cost of in-house crypto accounting 

Building internal crypto accounting capabilities requires substantially more investment than traditional accounting teams. The specialized knowledge, technology infrastructure, and ongoing training create substantial hidden costs. 

For crypto accounting, you need: 

• Crypto accounting specialists with blockchain knowledge, often commanding premium salaries  

• Compliance officers familiar with evolving crypto regulations across jurisdictions  

• Technology specialists capable of integrating multiple exchanges, wallets, and DeFi protocols  

• Risk management professionals who understand digital asset volatility and security concerns 

Additionally, the talent shortage in crypto accounting drives compensation higher. While the crypto space is relatively new, some traditional accounting firms are slowly accepting clients with digital assets, while other firms are completely web3 native, specializing in the unique needs of this space. 

Technology infrastructure investments 

Crypto accounting demands sophisticated technology infrastructure that traditional accounting software cannot provide. Internal teams require: 

• Multi-blockchain integration capabilities to track assets across 200+ supported chains 

• Real-time data feeds from exchanges, wallets, and DeFi protocols  

• Automated reconciliation systems to match on-chain and off-chain transactions  

• Advanced reporting platforms capable of fair value calculations and regulatory reporting  

• Security infrastructure to protect sensitive wallet and exchange data 

Basic crypto accounting software offerings begin at less than $100 a month and range to over $750 a month, with the main driver being transaction volume. However, enterprise-level solutions for complex operations can cost significantly more. 

Ongoing training and compliance costs 

The rapidly evolving crypto landscape requires ongoing education and system updates. Regulatory approaches risk fragmenting the global digital finance landscape: a dollar-based stablecoin system in the U.S., a state-backed European digital euro regime, and a mix of regional approaches elsewhere. 

Internal teams face mounting costs for: 

• Continuous professional education on new protocols, regulations, and accounting standards  

• Software updates and integrations as new blockchains and protocols emerge  

• Compliance monitoring across multiple jurisdictions with different requirements  

• Risk assessment and mitigation as the crypto ecosystem evolves 

Learn more about our Outsourced Accounting for Blockchain and Digital Assets service

The strategic advantages of outsourced crypto accounting 

Specialized crypto accounting firms offer comprehensive solutions that address both the technical complexity and regulatory requirements while providing cost predictability and scalability. 

Outsourced providers offer: 

• Comprehensive blockchain coverage across major and emerging networks 

• Real-time integration with exchanges, custodians, and DeFi protocols 

• Automated reconciliation and transaction categorization 

• Advanced reporting capabilities for regulatory compliance and internal management 

• Audit-ready documentation with proper controls and documentation 

• Streamlined support for monthly and quarterly close processes 

• Proactive implementation of new accounting standards and frameworks 

• Technical accounting guidelines development for compliance assurance 

• Crypto-native software implementation for operational efficiency 

• Strategic advisory on crypto and control best practices for risk management 

• Regulatory filing support for all crypto-related transactions 

Regulatory compliance and risk management 

Organizations considering the integration of stablecoins into their operational framework should prepare for evolving regulations. The patchwork of regulatory measures, originally designed for traditional finance, has been adapted to the unique challenges presented by virtual assets, sometimes leading to inconsistencies. 

Specialized firms navigate this complexity by maintaining: 

• Multi-jurisdiction compliance capabilities across different regulatory frameworks  

• Current regulatory knowledge of evolving requirements and interpretations  

• Established audit relationships with firms experienced in crypto asset reviews  

• Risk assessment frameworks tailored to digital asset volatility and operational risks 

Cost efficiency and scalability 

As crypto adoption accelerates, outsourced solutions provide scalability advantages: 

• Variable cost structure that scales with transaction volume and complexity  

• No upfront technology investments in blockchain infrastructure or specialized software 

• Predictable monthly fees for budget planning and cost management 

• Immediate scalability during periods of high transaction volume or market volatility 

Making the strategic decision 

The choice between in-house and outsourced crypto accounting requires evaluating transaction complexity, business stage, and future growth projections. Consider these key decision factors: 

Transaction complexity 

• Simple buy-and-hold vs. complex DeFi interactions  

• Current volumes across exchanges, wallets, and protocols 

• Multi-chain operations and cross-chain bridge transactions 

Business considerations 

• Risk tolerance for regulatory compliance and operational errors  

• Internal resources for specialized crypto knowledge  

• Future crypto adoption and scaling requirements 

Technology trends 

• AI-powered automation and real-time compliance monitoring  

• Integration with existing ERP and accounting systems  

• Evolving protocols and regulatory requirements 

The demand for tokenized assets reached $2.7 billion in Q1 2024, projected to hit $30 trillion in the next decade. As mainstream adoption accelerates, the decision becomes less about whether to address crypto accounting complexity and more about the most strategic approach. 

The bottom line for crypto-forward businesses 

The cost-benefit analysis for crypto accounting has fundamentally shifted as digital assets move from experimental investments to core business operations. FASB’s new guidance benefits both reporting entities and investors by better reflecting crypto asset economics, risks, cash flows, and financial statement impacts while reducing cost and complexity compared to previous cost-less-impairment accounting models. 

For most businesses, outsourced crypto accounting provides superior value through specialized knowledge, advanced technology infrastructure, and regulatory compliance capabilities that would be prohibitively expensive to build internally. The decision ultimately comes down to whether your business can afford the significant investment in specialized talent, technology, and ongoing training required for effective internal crypto accounting. 

The crypto accounting landscape will continue evolving rapidly as new protocols emerge, regulations solidify, and mainstream adoption accelerates. Partnering with specialized providers positions your business to navigate this complexity while focusing internal resources on core business activities. 

Rather than viewing this as a simple cost decision, consider it a strategic investment in your business’s digital asset infrastructure. The right choice provides not just accounting services, but a foundation for compliant, efficient, and scalable crypto operations that can adapt to the rapidly changing digital asset landscape. 

Ready to explore how specialized crypto accounting can support your digital asset operations while maintaining compliance and optimizing efficiency? Contact BPM today to discuss your specific cryptocurrency accounting needs and learn how our comprehensive approach can help you navigate the complex world of digital asset financial management. 

You know your business needs HR support, but you’re not sure what kind. Should you bring in a fractional HR leader? Outsource specific functions? Hand over your entire HR department to a trusted partner? These terms get thrown around frequently, and the lines between them often blur in real-world applications. 

Here’s the truth: the terminology matters less than finding the right solution for your unique situation. This article will clarify what fractional and outsourced HR actually mean, explore how businesses use each approach, and show you how to identify what your organization truly needs. 

What Fractional HR Means for Your Organization 

Fractional HR typically refers to bringing in an interim HR professional, leader or director to fill a specific position or leadership gap in your organization. This person works on a part-time or temporary basis, providing guidance and support without the commitment of a full-time hire. 

You might need fractional HR  when your HR manager or director leaves unexpectedly, HR staff takes extended leave, or when you’re growing rapidly and need strategic HR guidance before you’re ready to hire a permanent leader. Some companies start with a fractional arrangement and discover it works so well that it becomes a long-term solution. 

Fractional HR professionals integrate into your organization’s HR team. They attend  meetings, understand your culture and business objectives, and make necessary decisions about your people and processes. The difference is they’re not sitting in your office five days a week or drawing a full-time salary with benefits. 

This arrangement gives you access to seasoned HR professionals when you need it most, whether that’s for three months during a transition, one year while you scale, or ongoing as your business evolves. 

Understanding Outsourced HR Services 

Outsourced HR can mean different things depending on your needs. Some companies outsource specific HR functions like payroll processing, benefits administration, or leave management. Others outsource their entire HR department, essentially partnering with an external team that becomes their complete HR function. 

When you outsource your full HR function, your partner doesn’t just handle paperwork from a distance. They become embedded in your organization, working closely with your leadership team, understanding your culture, and developing people strategies that align with your business goals. 

Outsourced HR professionals participate in important conversations about talent acquisition, employee development, performance management, and organizational culture. They know your people, understand your challenges, and bring both strategic thinking and tactical execution to your HR needs. 

The key advantage of outsourcing is that you get a complete HR team without the overhead of hiring, training, and managing multiple full-time employees. You pay for the services you need while gaining access to professionals who handle everything from compliance requirements to employee relations issues. 

Learn more about our Outsourced HR Services

When Each Solution Makes Sense 

Your business might benefit from fractional HR support if you’re facing a temporary gap in HR professionals, need interim guidance during a transition period, or want to test whether a  HR role makes sense for your organization before committing to a full-time hire. 

Outsourced HR services work well when you need specific functions handled by specialists, want to eliminate the burden of managing an internal HR team, or need a complete HR department but can’t justify the cost of building one in-house. 

Many companies actually need a combination of both approaches. You might outsource payroll and benefits administration while bringing in a fractional HR leader for strategic guidance. Or you might start with a fractional leader who helps you transition to a fully outsourced model. 

The Challenge of Knowing What You Actually Need 

Here’s where it gets complicated: most business leaders don’t work in HR, so they’re not always sure what they need. You might call looking for a fractional HR leader and discover that project-based support or partial outsourcing better addresses your challenges. You might think you need to outsource payroll when what you really need is someone to build your entire HR infrastructure. 

The terms “fractional” and “outsourced” get used interchangeably, and honestly, the distinction doesn’t matter as much as finding the right solution. What matters is having someone assess your current HR capabilities, identify gaps, understand your business objectives, and recommend an approach that actually solves your problems. 

“Many of our clients are re-evaluating their HR departments, partly because the business environment keeps changing, partly because of AI capability, or maybe as a cost cutting measure.   Starting with an assessment of the HR capability and needs of the organization is a great place to start, allowing us to partner with organizations to create the ideal structure for their function.” – Jill Pappenheimer, Partner, at BPM leading the HR Consulting services team.   

This is why trying to self-diagnose your HR needs rarely works. You need a partner who can look objectively at your situation and tell you what will actually move your business forward. 

Discover practical ways HR teams are integrating AI for measurable impact.

Let BPM Help You Determine the Right Approach 

At BPM, we recognize that every business faces different HR challenges, and those challenges evolve as you grow. Rather than pushing you toward a predetermined solution, we start by conducting a comprehensive assessment of your HR function, current roles, overall capabilities, and business objectives. 

Through this assessment process, we work with you to identify exactly what you need—whether that’s fractional leadership to guide you through a transition, outsourced services for specific functions, a complete HR solution, or some combination that we customize for your situation. We provide both fractional and outsourced HR services because we understand that different businesses need different solutions, and sometimes those needs change over time. 

Ready to stop guessing about what your business needs? Contact BPM today to schedule an HR assessment. We’ll help you understand your current state, identify your gaps, and develop a clear path forward that aligns with your business goals and budget. 

The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, dramatically changed integral parts of the Inflation Reduction Act of 2022 (IRA). The OBBBA has provided repeal of certain tax credits, introduced complexities in claiming credits for certain entities, and eliminated credit eligibility for certain clean energy technologies.  

Here’s what you need to know and how to capture these benefits under the new law. 

Terminated Tax Credits 

Under the OBBBA, several clean energy and vehicle-related tax credits are scheduled for full termination over the coming year: 

• Ending September 30, 2025: 
  • Section 25E: Previously Owned Clean Vehicle Credit 
  • Section 30D: Clean Vehicle Credit 
  • Section 45W: Credit for Qualified Commercial Clean Vehicles 

• Ending December 31, 2025: 
  • Section 25C: Energy Efficient Home Improvement Credit 
  • Section 25D: Residential Clean Energy Credit 

• Ending June 30, 2026: 
  • Section 30C: Alternative Fuel Vehicle Refueling Property Credit (for property placed in service after this date) 
  • Section 45L: New Energy Efficient Home Credit (for homes acquired after this date) 
  • Section 179D: Energy Efficient Commercial Buildings Deduction (for property beginning construction after this date) 

The credits still available  

The good news? Pre-IRA and several technology neutral tax credits are still available.  

Pre-IRA Tax Credits: 

Section 45 Production Tax Credit (PTC) – A per-kilowatt-hour credit for electricity produced and sold over a 10-year period, with base rates of 0.3 cents per kWh increasing to 1.5 cents per kWh when certain labor requirements are satisfied. 

Section 48 Investment Tax Credit (ITC) – A credit worth 6% to 30% of your qualified solar facility investment, depending on several factors including facility size and whether prevailing wage and apprenticeship requirements are met. 

Both credits are generally available for projects beginning construction before January 1, 2025, and remain transferrable in applicable years. 

Clean Energy Credits Available under the OBBBA 

Section 45Y – Clean Electricity Production Tax Credit – Similar to the Section 45 PTC above, this is a per-kilowatt-hour credit for electricity produced, at a qualified facility, with base rates of 0.3 cents per kWh with certain credit increases available if applicable requirements are satisfied 

• Wind and Solar Termination: Facilities beginning construction after July 4, 2026 are ineligible for the credit if placed in service after December 31, 2027. Projects started before this date remain eligible. 

• Phaseout for property other than Solar and Wind: 
  • 100% credit for facilities with construction beginning in 2033; 
  • 75% in 2034 
  • 50% in 2035 
  • 0% credit for facilities with construction beginning after December 31, 2035 

• Bonus Credit: A new 10% bonus applies to advanced nuclear facilities located in metropolitan areas with ≥0.17% nuclear-related employment (current or post-2009). 
• Transferability & Direct Pay: Still allowed under Sections 6418 and 6417, but transfers to SFEs are prohibited. 
• FEOC Restrictions (see below): Facilities starting construction after December 31, 2025 are disqualified if they receive material assistance from a prohibited foreign entity (“PFE”) or are under specified foreign entity (“SFE”) control after July 4, 2025. 

Section 48E – Clean Electricity Investment Tax Credit – Similar to the Section 48 ITC above, this is an investment credit equal to the applicable percentage of the qualified investment (qualified facility or energy storage technology). 

• Wind and Solar Termination: Same deadlines as Section 45Y. Energy storage technologies are exempt from the placed-in-service cutoff. 
• Phaseout for Other Technologies: Follows the schedule provided under Section 45Y above. 
• Domestic Content Alignment: Requirements updated to align with Section 45Y for projects starting after June 16, 2025. 
• Transferability & Direct Pay: Maintained under Sections 6418 and 6417; transfers to SFEs prohibited. 
• FEOC Restrictions (see below): Same as Section 45Y. 

Section 45Q – Carbon Oxide Sequestration Credit – Available to taxpayers capturing qualified carbon oxide. 

• Base credit changes for different uses: Base credit raised to $17/ton for general use and $36/ton for direct air capture, matching geological storage rates for equipment placed in service after July 4, 2025. 
• Timeline Unchanged: Projects with construction beginning before January 1, 2033 remain eligible. 
• Transferability & Direct Pay: Section 45Q credits continue to be eligible for transfer and direct pay, however, transfers to SFEs are prohibited. 
• FEOC Restrictions (see below): Taxpayers cannot be SFEs or foreign influenced entities (“FIE”) after July 4, 2025. 

Section 45U – Zero-Emission Nuclear Power Production Credit – Credit available for the production of electricity produced at a qualified nuclear power facility. 

• Available for  zero-emission nuclear power production facilities through December 31, 2032. 
• Transferability & Direct Pay: Section 45U credits continue to be eligible for transfer and direct pay. 
• FEOC Restrictions (see below): SFE restrictions begin after July 4, 2024, and FIE restrictions begin two years after July 4, 2025. 

Section 45V – Clean Hydrogen Production 

• Delayed Phaseout: Credit ends for facilities starting construction after December 31, 2027. 
• Transferability & Direct Pay: Section 45V Credits continue to be eligible for transfer and direct pay. 
• No FEOC Restrictions (see below): Notably exempt from FEOC rules. 

Section 45X – Advanced Manufacturing Production Tax Credit – Credit available for manufacturing certain clean energy technologies as provided in Section 45X(b). 

• Wind Component Credit Ends: No credit for wind components sold after December 31, 2027. 
• Domestic Content Rule: Starting December 31, 2026, 65% of material costs for integrated components must originate from U.S. sources. 
• Critical Minerals Phaseout: 
  • 2031: 75% 
  • 2032: 50%
  • 2033: 25%
  • Post-2033: 0% 

• New Eligibility: Metallurgical coal added. 
• Battery Module Definition Tightened: Must include all essential equipment for functionality. 
• Transferability & Direct Pay: Maintained; transfers to SFEs prohibited. 
• FEOC Restrictions: No credits for PFEs or SFE-controlled production after July 4, 2025. 

Section 45Z – Clean Fuel Production Credit – Credit available for taxpayers producing transportation fuel at a qualified facility that meets certain emissions requirements. 

• Extended Credit Period: Deadline for eligible fuel sales moved to December 31, 2029. 
• Feedstock Origin Requirement: Must be sourced from the U.S., Mexico, or Canada after December 31, 2025. 
• Additional Changes: 
  • No dual credit under Section 6426(k) 
  • Sustainable aviation fuel loses enhanced IRA rates 
  • Lifecycle emissions simplified; negative rates and indirect land use emissions excluded 

• Transferability & Direct Pay: Preserved; transfers to SFEs prohibited. 

Section 40A – Small Agri-Biodiesel Producer Credit – Credit available for production of biodiesel mixture, biodiesel or small agri-biodiesel that meets certain requirements, 

• Extension & Increase: Valid through December 31, 2026; credit amount doubled. 
• Feedstock Origin Requirement: Must be exclusively from the U.S., Mexico, or Canada. 
• Transferability: Allowed under Section 6418. 
• FEOC Restrictions: Applies to SFEs after July 4, 2025 and FIEs two years later. 

Learn more about our IRA Tax Credit Solutions

New complications: What got harder 

While many clean energy credits survived OBBBA, claiming them became significantly more complex. Three major changes demand your attention: 

Prohibited foreign entity restrictions 

OBBBA introduced stringent rules around foreign ownership and supply chains. Your energy property is not credit-eligible if: 

• Your business is itself a prohibited foreign entity (“PFE”) (which includes specified foreign entities (“SFE”) or entities designated as foreign terrorist organizations and “foreign controlled entities”, those with certain ownership ties to China, Russia, North Korea, or Iran) 
• Your business is a foreign-influenced entity (FIE) where an SFE has some legal and financial control over an entity. 
• Your facility receives “material assistance” from PFE’s above specific thresholds 

For facilities beginning construction in 2026, up to 60% of manufactured products and components can come from prohibited foreign entities. That threshold tightens over time—dropping to 40% by 2030. This means you’ll need careful documentation of your supply chain and vendor relationships. 

Increased domestic content requirements 

To claim the 10% bonus credit for meeting domestic content thresholds, the bar just got higher. For projects beginning construction after June 16, 2025: 

• 45% domestic content for construction starting before 2026 (up from 40%) 
• 50% for construction starting in 2026 
• 55% for construction starting after 2026 

Executive order uncertainty 

A July 7, 2025 executive order directed the Treasury Department to issue guidance on “beginning of construction” rules by Aug. 21, 2025. This guidance aims to prevent what the administration views as artificial acceleration of project timelines. Until Treasury provides clarity, project developers face additional uncertainty about whether their construction commencement activities will satisfy federal requirements. 

Strategic considerations for businesses 

Given these changes, businesses considering clean energy investments should focus on three priorities: 

Move quickly on project planning. With various construction deadlines approaching, starting your evaluation process now is critical. Clean energy projects typically require significant lead time for site assessment, engineering, permitting, and financing. What might have been a two-year planning cycle now needs to happen in months. 

Document everything meticulously. The tightened timelines and new prohibited foreign entity rules mean IRS scrutiny of clean energy tax credit claims will likely intensify. Beginning of construction determinations, supply chain documentation, and prevailing wage compliance records will all face heightened examination. Contemporary documentation throughout your project timeline is no longer optional; it’s required. 

Model different scenarios. The interaction between 100% bonus depreciation (also reinstated under OBBBA), the section 163(j) business interest limitation rules, and these clean energy credits create complex planning opportunities. Some businesses may benefit from different combinations of these provisions depending on their specific tax situation, including potential Corporate Alternative Minimum Tax implications. 

Our perspective 

The OBBBA changes to clean energy tax credits represent a significant policy shift that will impact business investment decisions across industries. While the credits remain valuable, the increased complexity means that what was once a straightforward financial decision now requires sophisticated tax planning and rapid execution. 

For businesses that have been waiting for the “right time” to invest in clean energy, this is it. The alternative is watching these incentives disappear altogether. 

The reality is that many businesses won’t be able to move fast enough to meet these deadlines. But for those that can, the combination of available tax credits, energy cost savings, and sustainability goals may make 2025 and 2026 the most opportune moment to invest in clean energy property for the foreseeable future. 

What to do next 

If you’re considering a clean energy transition, start these conversations now: 

• Evaluate your current and projected energy costs and usage patterns 
• Assess potential sites and preliminary project feasibility 
• Review your organizational structure for any prohibited foreign entity issues 
• Model the tax benefits under various scenarios 
• Develop a realistic timeline to meet construction or placed-in-service deadlines 

The clock is ticking. But for businesses that act quickly and plan carefully, significant tax benefits remain available. 

Ready to explore your clean energy tax credit opportunities? 

Our team can help you navigate the complex requirements of OBBBA, model your potential tax benefits, and develop a strategy to maximize your clean energy investment. Contact BPM to discuss how these changes impact your specific situation and whether a clean energy project makes sense for your business. 

Companies today face a dilemma: they need senior financial leadership to facilitate growth, build great teams and processes, give visibility to investors, or navigate hardship.  But the cost and commitment of a full-time executive don’t always make sense. A full-time CFO typically commands a salary between $300,000 and $500,000 annually, plus benefits, equity, and overhead. For many businesses, that’s simply too much too soon. 

6 Reasons Companies Are Shifting to Fractional CFOs 

Fractional CFOs are changing the game. They deliver the same strategic oversight and financial planning that full-time CFOs provide, but on a flexible, part-time basis. This shift isn’t just a trend. It reflects a fundamental change in how companies approach growth, cost management, and financial leadership. This article explores why more businesses are choosing fractional CFOs and what’s driving this rapid adoption. 

1. The Cost Equation Has Changed 

Money talks, and the numbers tell a clear story. Hiring a fractional CFO typically costs between $3,000 and $15,000 per month, depending on the scope of work. Compare that to the $25,000+ monthly cost of a full-time CFO, and the savings become obvious.  

But this isn’t just about cutting costs. Companies gain access to high-level financial strategy without the long-term commitment. They get a highly skilled CFO when it counts the most, and they pay only for the hours they need. The skillset a company needs during periods of change and transition is often not the same as what they will need on a long-term permanent basis — so it pays off to use a fractional specialist during the startup phase or critical junctures.  A startup preparing for Series A funding might need 30 hours per month. A stable mid-market company might need just 10 hours for quarterly planning and board reporting. A newly acquired private equity portfolio company might need more. 

“During points of inflection and change, it’s imperative to have an experienced CFO providing full visibility to stakeholders and guiding decisions on hiring cadence, timing of system implementations, and the establishment of sound policies and procedures. A fractional CFO also helps identify key operational metrics and efficiencies that can translate into millions of dollars in cost savings. The investment in a fractional CFO often multiplies back in both measurable ROI and invaluable peace of mind.” – Brenda Rose – Managing Director, Advisory 

This flexibility allows businesses to allocate resources where they matter most. Instead of locking in a full-time salary, companies can invest in building infrastructure, new technology systems, product development or marketing while still maintaining strong financial oversight.  

2. Business Needs Are No Longer Static 

Your company doesn’t grow in a straight line. Revenue fluctuates. Market conditions shift. Strategic priorities change quarter to quarter. A full-time CFO represents a fixed cost in a variable world.  

Fractional CFOs scale with your business. During a fundraising round, you might need intensive support for financial modeling, due diligence preparation, and investor presentations. Once funding closes, those needs decrease. A fractional CFO can ramp up during critical periods and dial back when things stabilize. 

Seasonal businesses benefit enormously from this model. An e-commerce company might need heavy financial planning before Q4, then lighter support in January and February. A fractional CFO provides the right level of involvement at the right time, without paying for unused capacity. 

3. The Talent Pool Has Expanded 

Geography no longer limits your options. The rise of remote work means companies can now access top financial talent from anywhere. You’re not restricted to CFOs in your city or region. You can find someone with specific industry experience, whether that’s SaaS, manufacturing, healthcare, or professional services. And most often, a remote fractional CFO can come onsite initially to get acquainted with the team. 

This expanded talent pool also means faster placement. Recruiting a full-time CFO can take months. Fractional CFOs can often start within weeks, sometimes days. When you’re navigating a cash flow crisis, preparing for an audit, or closing a major deal, speed matters. 

4. CFO Turnover Is Driving Demand 

According to HealthLeaders Media, CFO turnover hit a three-year high of 22% in 2024. Leadership gaps create operational chaos. Financial reporting stalls. Strategic planning loses momentum. Board confidence wavers. 

Companies can’t afford long recruitment cycles when financial leadership disappears overnight. Fractional CFOs step in immediately to stabilize operations. They maintain continuity during transitions, keep reporting on track, and ensure nothing falls through the cracks while you search for a permanent hire. 

Some companies discover they prefer the fractional model permanently. Why commit to a full-time role when a fractional arrangement delivers everything you need? 

5. Engagements Drive Real Impact 

Critics sometimes dismiss fractional CFOs as short-term band-aids. The data shows otherwise. According to the 2024 State of Fractional Industry Report, nearly half of fractional CFO engagements last between one and two years. Another 42% run for several months. These aren’t quick fixes. They’re meaningful partnerships that drive measurable results. And given the high level of expertise a fractional CFO brings, it’s like having a strategic advisor on hand to help lay down the red carpet for a future permanent CFO. 

A fractional CFO has time to understand your business model, identify inefficiencies, build financial systems, and implement strategic initiatives. They work alongside your team long enough to create lasting change, not just generate reports. 

6. The Market Is Booming 

Demand for fractional CFOs has doubled in just two years. According to Business Talent Group, requests for interim CFOs have surged 310% since 2020. These aren’t isolated statistics. They reflect a massive shift in how businesses think about financial leadership. 

The finance and accounting outsourcing market is projected to reach $76 billion by 2033. This growth stems from companies realizing they can access world-class financial guidance without the constraints of traditional employment models. 

Ready to Explore Fractional CFO Services? 

At BPM, we understand that every company’s financial leadership needs are different. Our fractional CFO services give you access to seasoned financial professionals who integrate seamlessly with your team. Whether you need help with strategic planning, an unexpected departure of your CFO, M&A, fundraising preparation, financial system implementation, or investor reporting, we tailor our approach to match your goals and budget. 

We’ve helped startups prepare for funding rounds, mid-market companies navigate complex acquisitions, and growing businesses build scalable financial operations. Our fractional CFOs bring real-world experience across industries and business stages, delivering the insights you need to make confident decisions. To find out more about how a fractional CFO can transform your financial operations, contact us.