As companies grow, their operational and financial needs become increasingly complex. NetSuite’s ERP system offers a range of tools that help expanding businesses manage financial reporting, ensure tax compliance and streamline their overall operations.  

Designed to meet the demands of dynamic organizations, NetSuite provides a scalable, cloud-based solution that integrates essential functions such as accounting, inventory and customer management into one cohesive platform. 

This article explores how NetSuite’s financial tools support growing enterprises, making it easier to navigate the challenges that come with expansion. 

The role of NetSuite in financial reporting and compliance 

Effective financial management is critical for any business, and as organizations scale, the demands on financial reporting and compliance grow as well.  

“Transparent and reliable financials are crucial for making informed strategic decisions, identifying growth opportunities, and managing financial resources effectively” – Bryan Rhody, Technology Solutions Group Leader 

NetSuite ERP offers a suite of financial tools that simplify these processes, enabling companies to maintain accurate records, comply with regulations and make data-driven decisions. 

1. Automated Financial Reporting: NetSuite’s financial reporting tools automate the generation of reports, providing accurate, up-to-date insights into a company’s financial health. By streamlining reporting processes, NetSuite helps finance teams save time and reduces the risk of human error. 

2. Customizable Dashboards: With NetSuite, executives can access real-time financial data through customizable dashboards. This visibility into key financial metrics supports better decision-making, helping leaders identify trends, manage cash flow and allocate resources effectively. 

3. Compliance with Accounting Standards: Compliance is a top priority for expanding companies. NetSuite is designed to support global and industry-specific accounting standards, including GAAP and IFRS. This built-in compliance helps businesses avoid costly errors and maintain transparency with stakeholders. 

By providing these capabilities, NetSuite empowers companies to handle complex financial reporting requirements with ease, allowing finance teams to focus on strategic growth initiatives. 

Ensuring tax compliance with NetSuite ERP 

As organizations grow, managing tax obligations becomes more challenging.  

For growing companies, tax compliance represents a complex and high-stakes challenge where a single regulatory misstep can trigger severe financial and legal consequences, including substantial penalties, potential audits, and reputational damage that could critically undermine business stability and investor confidence.  

Automated solutions offer a strategic defense mechanism against these risks by ensuring meticulous adherence to evolving tax regulations across multiple jurisdictions, transforming compliance from a potential vulnerability into a controlled, predictable aspect of business operations. 

NetSuite ERP includes powerful tax compliance features that simplify the management of local, national and international tax regulations. Here’s how NetSuite supports tax compliance: 

Automated tax calculations 

NetSuite’s tax compliance tools automate tax calculations based on the latest regulations. This automation ensures that companies calculate taxes accurately, whether they are dealing with sales tax, VAT, or other obligations. 

Comprehensive tax reporting 

NetSuite enables companies to generate detailed tax reports, simplifying filing processes and helping organizations avoid compliance issues. These reports can be customized for different jurisdictions, making it easier to manage tax obligations across multiple regions. 

Audit trail capabilities 

NetSuite maintains a comprehensive audit trail, ensuring that all transactions are documented and easily accessible. This transparency is invaluable during audits and helps businesses maintain compliance with regulatory requirements. 

By handling complex tax obligations, NetSuite reduces the risk of non-compliance and allows growing enterprises to expand their operations without the burden of extensive tax-related paperwork. 

Key financial tools in NetSuite ERP for growing businesses 

In addition to financial reporting and tax compliance, NetSuite ERP includes a range of financial tools that are specifically designed to meet the needs of growing businesses. Here are some of the most valuable features: 

1. General ledger management – provide multi-dimensional reporting, enabling growing businesses to gain detailed insights across subsidiaries and regions 

2. Accounts receivable and accounts payable – automate your business operations with both customers and vendors, allowing your team to focus on more strategic initiatives and increasing visibility into cash flow. 

3. Financial planning and forecasting – allow businesses to model various growth scenarios, empowering decision-makers to allocate resources effectively. 

These tools offer growing businesses a comprehensive financial management solution, enabling them to scale their operations efficiently. 

How NetSuite supports scalable growth 

NetSuite’s cloud-based platform is built to grow with businesses, offering features and flexibility that accommodate expansion without requiring a complete system overhaul. Here’s how NetSuite supports scalable growth: 

1. Multi-entity and multi-currency support – allow enterprises to seamlessly manage global transactions, eliminating manual conversions and reducing errors. 

2. Integration Capabilities – open API architecture allows integrations to be built to any other open API system. NetSuite also leverages thousands of prebuilt third-party SuiteApps, which are turnkey integrations that live within your NetSuite instance 

3. User scalability – cloud-based infrastructure gives you the ability to easily add or remove users, modules, and features as a business grows or changes; reducing upfront licensing costs and eliminating expenses associated with complex hardware upgrades and ongoing maintenance 

With these features, NetSuite ERP provides a robust foundation for scaling operations, enabling enterprises to expand efficiently and confidently. 

Choosing BPM as your NetSuite implementation consultant 

Implementing NetSuite for a growing enterprise requires expertise to maximize its benefits. BPM’s NetSuite specialists understand the unique needs of expanding businesses and provide comprehensive support for every stage of the implementation process, from initial configuration to user training. 

BPM’s team of NetSuite consultants has a proven track record of helping growing enterprises leverage the platform to streamline operations, ensure compliance and support scalable growth. By partnering with BPM, you can rest assured that your NetSuite implementation will be tailored to your specific requirements and designed to enable your long-term success. 

If your business is ready to leverage NetSuite ERP for growth, contact BPM today to learn how they can help you achieve operational success. 

In today’s competitive business environment, organizations face increasing pressure to improve efficiency while managing costs effectively. NetSuite ERP has emerged as a comprehensive solution for businesses aiming to streamline operations and achieve sustainable cost savings. With its cloud-based infrastructure, NetSuite ERP brings together core business functions—such as financial management, inventory control and customer relationship management (CRM)—into a single, centralized system, reducing redundancies and automating routine processes. 

Why NetSuite ERP is essential for streamlining operations 

Many organizations struggle with fragmented systems that lead to inefficiencies and data silos. NetSuite ERP addresses this issue by providing a unified platform that integrates essential functions.  

“High-growth companies often get trapped by manual stopgap solutions that become permanent roadblocks. NetSuite breaks this cycle, enabling seamless scalability from day one.” – Bryan Rhody, Technology Solutions Group Leader 

Here’s how NetSuite ERP supports streamlined operations: 

1. Centralized data access: By consolidating data from multiple departments, NetSuite ERP ensures all teams work from a single source of truth. This reduces data discrepancies and allows for seamless collaboration. 

2. Automated workflows: Routine processes, such as billing, order processing and reporting, are automated in NetSuite ERP, which reduces manual errors and saves time. Automation empowers employees to focus on high-value tasks that drive growth. 

3. Real-time data insights: NetSuite ERP’s powerful analytics and reporting tools enable decision-makers to access real-time data on inventory, sales, finances and more. This access allows businesses to respond proactively to trends and make data-driven decisions. 

With these capabilities, NetSuite ERP enhances operational efficiency, helping businesses adapt to market changes with agility. 

How NetSuite ERP reduces costs 

Cost management is a priority for any organization, and NetSuite ERP offers specific features that help companies cut expenses without sacrificing quality. Our implementations have demonstrated that companies can achieve up to 29% decrease in operational expenses through streamlined business operations in one centralized system. 

Here are some of the ways NetSuite ERP drives these cost savings: 

• Lower IT costs: By consolidating various functions into one platform and leveraging BPM’s Accelerator Program, NetSuite ERP minimizes the need for multiple software systems, reducing licensing fees and IT support costs. The cloud-based nature of NetSuite also means businesses save on hardware and maintenance expenses. 

“BPM’s NetSuite Accelerator Program adapts to your organization’s needs – whether you have limited resources, tight timelines or defined budget parameters. Instead of lengthy pre-implementation meetings, we integrate the consultation process into the implementation itself.” – Bryan Rhody 

• Inventory optimization: With built-in tools for demand forecasting and inventory planning, NetSuite ERP enables businesses to maintain optimal stock levels, reducing excess inventory costs and minimizing waste. This is particularly valuable for retail and manufacturing companies where inventory management is crucial. 
• Increased productivity: Through automation, NetSuite ERP reduces the need for manual data entry and other repetitive tasks, allowing employees to focus on strategic activities. This boost in productivity helps organizations achieve more with fewer resources. 

These cost-saving features have made NetSuite ERP a preferred choice for companies aiming to achieve sustainable financial efficiency. 

Key benefits of implementing NetSuite ERP 

Beyond streamlining operations and reducing costs, NetSuite ERP provides several advantages that support long-term growth: 

1. Unified platform: NetSuite ERP integrates all core functions, from financials to CRM, into one system, simplifying IT management and improving data accessibility. 

2. Scalability: As businesses grow, NetSuite ERP scales seamlessly through accelerated deployment methods, eliminating the need for costly system migrations or upgrades. 

3. Customization: Companies can tailor NetSuite ERP to fit their unique needs, enabling flexibility in managing specific processes. 

4. Enhanced decision-making: Real-time data and reporting tools empower businesses to make informed decisions that align with strategic goals. 

These benefits make NetSuite ERP a robust choice for companies seeking a solution that grows with them and supports organizational agility. 

Real-world applications of NetSuite ERP 

Many organizations across various sectors have reported tangible benefits from implementing NetSuite ERP. Here are a few examples of how businesses use NetSuite ERP to drive efficiency: 

Retail 

Retailers leverage NetSuite ERP’s inventory tools to manage stock levels, reducing storage costs and freeing up capital for growth. 

Manufacturing 

Manufacturers utilize NetSuite ERP’s order management capabilities to streamline supply chains, minimizing lead times and reducing production delays. 

Professional services 

Consulting firms benefit from NetSuite ERP’s project management tools, allowing them to track billable hours accurately and reduce administrative overhead. 

These examples highlight NetSuite ERP’s versatility in adapting to different industries’ unique needs, making it an asset for companies across sectors. 

Is NetSuite ERP right for your business? 

Implementing an ERP solution is a significant decision, and businesses should assess whether NetSuite ERP aligns with their operational goals. Here are a few questions to consider: 

• Does your business need a centralized system? NetSuite ERP’s unified platform can simplify management for organizations with multiple departments or subsidiaries. 
• Is scalability important to you? If your organization has growth ambitions, NetSuite ERP’s scalability can support expansion without requiring costly upgrades. 
• Are you seeking long-term cost savings? While initial implementation costs exist, NetSuite ERP’s features can drive substantial savings over time. 

For companies that prioritize efficiency and cost control, NetSuite ERP offers a powerful solution for managing growth while maintaining a lean operational structure. 

While implementing NetSuite ERP represents a significant business decision, partnering with an established NetSuite provider can streamline the process. The right partner brings implementation accelerators, industry-specific configurations and ongoing support to help organizations maximize their NetSuite investment and achieve operational excellence. 

For business leaders considering NetSuite as their next ERP solution, understanding the pricing structure is crucial for making an informed decision. Whether you’re outgrowing QuickBooks or looking to modernize your current ERP system, this guide breaks down everything you need to know about NetSuite pricing. 

How does NetSuite pricing work? 

NetSuite’s pricing framework combines four essential components that work together to create your total investment: the suite, users, implementation and integrations. Let’s examine each component to understand its impact on your overall costs. 

The Suite: Your core investment 

The suite represents your base NetSuite license and determines which features and capabilities you can access. Each industry-specific suite includes: 

• Financial management: General ledger, accounts payable and accounts receivable 
• Operations: Purchasing, inventory management, order entry and shipping 
• Business essentials: Customer Resource Management (CRM), employee expense reporting and productivity tools (calendar, tasks, reminders, etc.) 

Through SuiteSuccess, these capabilities come pre-programmed for your industry. Whether you’re in manufacturing, wholesale distribution, professional services, software, retail, nonprofit, wine, or financial services, each industry edition comes bundled with relevant modules and features specifically designed for your sector. These pre-configured bundles include everything you need to run your specific business type while avoiding costs for unnecessary features. 

This pre-configured approach not only reduces implementation time and costs but also provides your team with industry-specific workflows and reports that are ready to use from day one. BPM’s deep experience across these verticals ensures you select the right SuiteSuccess edition – one that meets your current needs cost-effectively while providing a clear path for future growth. 

User licensing: Who can access what 

After selecting your suite, the second NetSuite pricing component involves user licenses. NetSuite offers several license types to match different roles within your organization: 

• SuiteSuccess Starter Edition: Up to 10 full-access users 
• SuiteSuccess Standard Edition: Up to 30 full-access users 
• SuiteSuccess Premium Edition: 31-100 full-access users 

NetSuite provides cost-effective options for different user needs: 

• Full user licenses – access to all modules within your NetSuite environment (can be limited to ensure segregation of duties and correct level of user visibility and permissions) 
• Employee center users access basic functions like time tracking and expense reports. These licenses come in bundles of five users at the cost of one full-access license. 
• Vendor and customer portal users can access their respective centers at no additional cost, enabling them to view relevant information and handle basic transactions. 

Implementation: Getting up and running 

Implementation represents the third major component of your NetSuite investment. BPM offers three tailored implementation approaches based on your organization’s size, growth stage and needs: 

• Incubator Program: Designed for start-ups and early-stage companies. Features a SuiteSuccess implementation with fixed monthly pricing and a one-year contract, ideal for organizations seeking a streamlined, cost-effective approach. 
• Accelerator Program: Perfect for emerging and high-growth companies. Utilizes a phased implementation approach with fixed pricing for Phase I, transitioning to time and materials for later phases as your needs evolve. 
• Transformation Program: Created for established organizations requiring comprehensive implementation. Employs a “big bang” approach with time and materials pricing to handle complex requirements and full-scale business transformation. 

Each implementation option includes access to BPM’s broader business advisory services, ensuring your NetSuite implementation aligns with your overall business strategy and growth objectives.  

Integration: Connecting your business systems 

The final pricing component involves integrating NetSuite with your existing business systems. Integration considerations include: 

• Payment processing platforms 
• Ecommerce systems 
• Banking interfaces 
• Industry-specific applications 
• Legacy data systems 

Integration costs depend on complexity, data volume and connection types required. While some standard integrations come preconfigured, custom integrations may require additional development. 

Is NetSuite affordable for my business? 

Understanding these core NetSuite pricing components leads to a common question among business leaders: Is NetSuite actually affordable for my organization? When evaluating this question, it’s important to look beyond just the initial pricing components and consider total cost of licensing. 

As a cloud-based solution, NetSuite eliminates many of the hidden costs associated with traditional ERP systems. There’s no need for expensive hardware investments, ongoing system maintenance or costly upgrade cycles. This modern approach to ERP delivery significantly reduces the total cost of ownership compared to traditional on-premise systems. 

With BPM as your NetSuite partner, you can optimize both immediate and long-term costs, ensuring your investment delivers maximum value throughout your business’s growth journey. 

Small business solutions 

NetSuite’s Starter Edition provides an accessible entry point for growing businesses. This comprehensive solution unifies three critical business functions: 

• Financial management and accounting 
• Customer relationship management 
• Inventory and order processing 

With pricing up to 50% less than traditional ERPs, the Starter Edition delivers enterprise-grade functionality within reach of small business budgets. The user-friendly interface ensures quick setup and minimal training requirements, while real-time insights enable informed decision-making from day one. 

Mid-market and enterprise capabilities 

As organizations grow, NetSuite’s modular structure supports strategic expansion through phased implementation. This scalable approach allows businesses to maximize value from their initial investment before expanding into advanced capabilities such as: 

• Global financial management and multi-subsidiary operations 
• Advanced revenue recognition and fixed asset tracking 
• Complex manufacturing and supply chain processes 

Maximizing value while minimizing costs 

While NetSuite offers flexible pricing options for businesses of all sizes, implementation costs and timelines can impact overall affordability. BPM’s NetSuite Accelerator Program addresses this consideration through an optimized implementation approach that reduces both cost and time to value. 

Accelerated value realization 

The Accelerator Program transforms traditional implementation timelines from 6-12 months to as few as 30 days. This efficiency delivers three primary benefits: 

• Reduced implementation costs through streamlined methodology 
• Faster return on investment through rapid deployment 
• Minimized business disruption during transition 

Strategic growth foundation 

BPM’s approach establishes core functionality first while ensuring seamless scalability. This structured methodology enables organizations to: 

• Begin with essential features that drive immediate value 
• Add capabilities systematically as business needs evolve 
• Expand across locations and business units efficiently 
• Implement advanced features through planned phases 

Transforming your NetSuite investment into a strategic advantage with BPM 

Navigating NetSuite pricing requires more than a simple cost-comparison approach. BPM’s comprehensive strategy transforms NetSuite implementation from a traditional technology project into a strategic growth catalyst. By combining accelerated implementation, scalable functionality, and a partnership-driven approach, organizations can maximize their NetSuite investment while minimizing unnecessary expenses and risks. 

This transformation is achieved through three key strategic elements: 

BPM’s NetSuite Accelerator Program 

Beyond traditional implementation models, BPM’s approach dramatically reduces time and cost barriers: 

• Reducing implementation timelines to as few as 30 days. 
• Minimizing upfront implementation costs, 
• Accelerating return on investment, 
• Decreasing the total cost through efficient deployment. 

Strategic growth foundation 

Recognizing that businesses evolve, BPM’s implementation strategy provides unprecedented flexibility: 

• Allowing businesses to start with essential features at lower initial investment. 
• Enabling systematic capability expansion without major additional licensing costs. 
• Providing a cost-effective path to scaling NetSuite across business units. 
• Supporting phased feature implementation to prevent overbuying. 

Relationship-focused approach 

More than a vendor, BPM becomes a strategic partner in your technology journey: 

• Offering strategic license optimization to ensure you’re not overpaying. 
• Conducting ongoing business reviews to identify cost-saving opportunities. 
• Providing direct access to experts who negotiate and manage NetSuite contracts. 
• Delivering continuous guidance to align technology investment with business goals. 

Ready to optimize your NetSuite investment and unlock true pricing transparency? Contact BPM’s NetSuite pricing specialists to develop a cost-effective solution tailored to your business’s unique needs. 

Proptech solutions are changing how we buy, sell and manage properties. This transformation affects every aspect of real estate, from commercial developments to residential spaces, creating opportunities for efficiency and growth. 

How is proptech making an impact? 4 key areas 

This article examines four key areas where Proptech is making the greatest impact: widespread adoption across commercial real estate sectors, the rise of predictive analytics and data management, the emergence of blockchain-enabled smart contracts and the evolution of smart buildings that maximize operational efficiency. 

Adoptions among CRE and subsectors

Commercial real estate (CRE) has embraced Proptech solutions at a remarkable pace. According to a recent JLL survey, over 80 percent of real estate investors and developers plan to increase their technology spending in the coming years. This adoption spans various subsectors, including office buildings, retail spaces and industrial properties. 

For example, property managers now use integrated management systems to monitor building operations in real-time. These platforms track everything from energy consumption to maintenance requirements, streamlining daily operations and reducing costs. For tenants, this translates to more responsive service and better-maintained facilities. 

The retail sector in particular has benefited from Proptech adoption. Smart retail solutions help store owners analyze foot traffic patterns, optimize layout designs and create more engaging shopping experiences. Meanwhile, industrial property managers use automated systems to track inventory, manage logistics and maintain optimal warehouse conditions. 

Predictive analytics/data management

Data analytics has become the cornerstone of modern real estate decision-making. Proptech platforms now collect and analyze vast amounts of information to provide actionable insights for property owners and managers. These tools can forecast market trends, predict maintenance needs and identify investment opportunities. 

By leveraging data, property managers can now anticipate tenant needs before issues arise. Predictive maintenance algorithms analyze building system performance data to schedule repairs proactively, reducing downtime and extending equipment life. This data-driven approach helps property managers optimize operational costs while improving tenant satisfaction. 

Market analysis has also evolved through Proptech solutions. These platforms analyze historical data, current market conditions and economic indicators to provide accurate property valuations and market forecasts. This enables investors and property owners to make more informed decisions about acquisitions, disposals and property improvements. 

Smart contracts/blockchain 

Blockchain technology is revolutionizing property transactions through smart contracts and secure digital records. These innovations reduce paperwork, speed up processes and increase transparency in real estate dealings. Smart contracts automatically execute when predetermined conditions are met, streamlining property transactions and reducing the risk of fraud. 

The technology also enables fractional property ownership, opening real estate investment to a broader range of investors. Through tokenization, properties can be divided into smaller, more accessible investment units, increasing market liquidity and democratizing real estate investment. 

Smart buildings/operational efficiency 

Smart building technology represents one of Proptech’s most visible impacts on the real estate industry. Internet of Things (IoT) sensors and automated systems work together to create more efficient, comfortable and sustainable buildings. These technologies optimize everything from lighting and temperature control to security and access management. 

Building managers now use integrated platforms to monitor and control all building systems from a central dashboard. This integration allows for real-time adjustments to maintain optimal conditions while minimizing energy consumption. Smart buildings can automatically adjust lighting and temperature based on occupancy patterns, leading to significant energy savings. 

The implementation of smart building solutions also improves the tenant experience. Mobile apps allow occupants to control their environment, book amenities and report issues directly from their smartphones. This level of control and convenience has become important for attracting and retaining tenants. 

Benefits of Proptech adoption

Benefit Category	Impact
Operational Efficiency	Streamlined rent collection and maintenance processes Automated document management Reduced manual tasks
Cost Management	Lower operational costs Optimized energy consumption Improved resource allocation
Data & Analytics	Real-time performance tracking Predictive maintenance insights Better-informed investment decisions
Tenant Experience	Mobile payment options Digital maintenance requests Improved communication channels
Sustainability	Smart energy management Reduced resource waste Automated environmental controls
Market Growth	Current market size: $19.6 billion Projected growth: $50 billion (next decade) Increasing adoption rates

AI and Automation Transforming Real Estate & Finance 

Dealpath streamlines real estate deal management by centralizing data, automating workflows, and providing real-time insights. It leverages AI to enhance decision-making across acquisitions, dispositions, development, and financing.  

Financial reporting automation simplifies tasks like data entry, reconciliation, and report generation.  BPM leverages industry leading tools like FloQast, which improve accuracy, reduce errors, and boost efficiency, allowing firms to focus on strategy while ensuring compliance.   

Key takeaways 

• The commercial real estate sector is rapidly embracing Proptech, with over 80% of industry stakeholders planning to increase their technology investments 
• Predictive analytics and data management are transforming decision-making processes, enabling proactive maintenance and more accurate market forecasting
• Blockchain technology and smart contracts are revolutionizing property transactions, making them more secure, efficient, and accessible 
• Smart building solutions are creating more efficient and sustainable properties while significantly improving tenant experiences 
• The Proptech market is experiencing dramatic growth, projected to reach $50 billion in the next decade, making it a crucial factor in future real estate success 

Working with BPM  

The future of real estate lies in the continued integration of proptech solutions. As these technologies evolve, they will create even more opportunities for innovation and improvement in property management, transactions and user experiences. Working with knowledgeable partners who understand both the technology and real estate landscapes will become increasingly crucial for success in this rapidly changing industry. 

Look for our next piece, where we dive into the best starting points for navigating proptech. 

Technology companies face unique challenges recognizing revenue as their business models evolve, particularly in the Software-as-a-Service (SaaS) space. In this rapidly changing environment, understanding and implementing proper revenue recognition practices becomes increasingly critical for financial success and compliance. 

The landscape of revenue recognition has transformed significantly since the implementation of ASC 606, requiring companies to adapt their processes and systems to meet new standards. 

Understanding the foundation 

ASC 606, implemented in 2019, revolutionized how tech companies recognize revenue from customer contracts. This standard establishes a framework that requires companies to: 

• Recognize revenue in a way that reflects the transfer of promised goods and services to customers.  
• Match what the company expects to receive in exchange for these deliverables. 
• Re-evaluate their entire approach to revenue management and contract structuring. 
• This fundamental shift creates several critical considerations for revenue recognition. 

Key challenges in revenue recognition for tech companies 

Each of the following challenges requires careful consideration to ensure proper revenue recognition. 

Implementation services drive revenue complexity 

Implementation services present one of the most significant revenue recognition challenges for tech companies. When a software company provides installation, integration or data migration services alongside their core product, determining whether these services qualify as distinct performance obligations becomes crucial.  

Companies must evaluate if customers can implement the software independently or through third parties, which affects when revenue can be recognized. The complexity increases when services span multiple periods or involve various stages of completion. 

Professional services create complexity 

Professional services create another layer of complexity. Training, custom development and consulting services require careful evaluation to determine if they stand apart from the software subscription. Companies must assess whether these services transfer control to the customer at specific milestones and if they maintain enforceable payment rights throughout the service period. The timing of revenue recognition for these services often depends on detailed contract terms and the nature of service delivery. 

The stand-alone selling price challenge 

Modern software contracts often bundle multiple components, including licenses, support services and professional services. Companies must determine the SSP for each element, even when they primarily sell their products as packages. This process involves:  

• Analyzing observable market prices 
• Evaluating competitor pricing strategies 
• Developing internal pricing models 

Companies need to maintain detailed documentation of their pricing methodologies and regularly update their approaches as market conditions change. 

Impact of subscription models

The shift toward subscription-based services has fundamentally changed revenue recognition considerations. Companies must now carefully evaluate contract modifications and renewals, variable pricing structures and performance obligations over time. The integration with cloud services adds another dimension to revenue recognition, as companies must determine how to account for hybrid solutions that combine traditional software with cloud-based services. Customer termination rights and their impact on contract terms have become increasingly important in revenue recognition calculations. 

Technology solutions and modern approaches 

Modern revenue recognition demands sophisticated technological support. Cloud-based solutions have become essential tools for: 

• Tracking performance obligations 
• Automating revenue calculations 
• Maintaining audit trails 

These systems help companies generate compliant financial reports and forecast revenue streams effectively. The integration of these tools with existing financial systems creates a comprehensive ecosystem for revenue management. 

Tech companies achieving success with revenue recognition typically develop comprehensive policies for handling different types of services and maintain detailed contract analysis procedures. Regular review and updates to pricing strategies ensure alignment with market conditions, while consistent staff training helps maintain compliance with recognition principles. 

Future considerations for tech companies 

As technology companies continue to innovate, revenue recognition practices must evolve in parallel. Artificial intelligence, blockchain and other emerging technologies are beginning to influence how companies track and recognize revenue. These advances offer new opportunities for automation and accuracy in revenue recognition processes, while also introducing new complexities that companies must address. 

The integration of advanced analytics and machine learning capabilities is enabling more sophisticated revenue forecasting and pattern recognition in customer behavior. This enhanced insight helps companies better predict and manage their revenue streams while maintaining compliance with accounting standards. 

Working with BPM to navigate revenue recognition 

Navigating revenue recognition complexities requires an advisor who understands both accounting standards and technology industry nuances. BPM brings deep knowledge of ASC 606 implementation and technology sector challenges, working alongside finance departments to develop robust revenue recognition practices that align with business models and growth objectives. 

Our dedicated team helps transform revenue recognition processes into strategic advantages while maintaining compliance and positioning companies for sustainable growth. To learn how we can help your organization navigate the complexities of modern revenue recognition, contact us.  

The human resources landscape continues to evolve rapidly in 2025, bringing both challenges and opportunities for organizations of all sizes. As businesses adapt to changing workforce demands and technological advancements, several key HR trends are emerging that will define how companies manage their human capital. 

“Significant transformations are under way and they are influenced by several key factors including advancements in AI technology, shifts in workforce demographics, and evolving organizational structures. These changes will require HR professionals to be strategic enablers, focusing on fostering a positive workplace culture while adapting to the rapidly changing world of work.” – Stacy Litteral, Partner – HR Consulting 

HR Trends for 2025 

AI-powered talent acquisition transforms hiring 

Artificial intelligence is revolutionizing how organizations identify and attract talent. Modern recruitment platforms now analyze candidate data more effectively, predict job success and create personalized candidate experiences. These tools reduce time-to-hire while improving the quality of matches between candidates and positions. Companies are increasingly using AI to conduct initial screenings, schedule interviews and maintain engagement throughout the hiring process. 

Strategic HR outsourcing gains momentum 

More organizations are turning to HR outsourcing as a strategic solution to manage complex workforce needs. This shift allows companies to focus on core business activities while ensuring HR functions operate efficiently. Organizations are partnering with specialized providers who bring advanced technology platforms, streamlined processes and comprehensive service offerings. This trend particularly benefits mid-sized companies seeking to optimize their HR operations without building extensive in-house teams. 

“I’ve seen our clients breathe a sigh of relief knowing they have access to significant depth and breadth of compliance and specialty HR expertise at a fraction of the cost of doing the work in house.” – Stacy Litteral 

Hyper-personalized employee experiences take center stage 

Organizations are moving away from one-size-fits-all approaches to employee management. Advanced analytics and AI enable companies to create customized experiences for each worker, from personalized learning paths to tailored benefits packages. This individualization helps improve employee satisfaction, retention and productivity while addressing diverse workforce needs. 

Global compensation strategies evolve  

Organizations are adapting their compensation approaches to meet the demands of an increasingly diverse and distributed workforce. Companies are developing more comprehensive compensation structures, supported by meaningful philosophy, implementing more flexible payment schedules, expanding international payment capabilities, and developing sophisticated total rewards programs that attract and retain top talent across borders. The focus has shifted toward transparent compensation frameworks that support pay equity initiatives while remaining competitive in local markets.  

“The unique struggle for global organizations is creating consistency in messaging  their benefits and compensation programs while honoring the cultural practices and norms of individual countries.  Developing an overarching Compensation Philosophy that ties to organizational values brings transparency to the employee level, and helps reinforce a one-company feel for geographically diverse workforces.” – Monica Frame, Director – Talent Rewards 

Strategic payroll partnerships drive business value  

The complexity of modern payroll management is driving organizations to embrace strategic payroll outsourcing relationships. Companies are moving beyond viewing payroll as a transactional function to recognizing it as a crucial business operation requiring specialized experience. This shift is particularly evident as organizations navigate multi-state compliance requirements, international expansion and increasingly complex benefit structures.  

Continuous learning platforms expand 

The rapid pace of technological change requires organizations to prioritize ongoing employee development. Companies are investing in sophisticated learning management systems that provide personalized training paths, micro-learning opportunities and skill-based certifications. These platforms help workers stay current with emerging technologies and evolving job requirements. 

HR automation balances efficiency with human touch 

While automation streamlines routine HR tasks, organizations are carefully balancing technology with human interaction. Companies are implementing automated solutions for administrative work while preserving personal connections for strategic initiatives and employee support. This balanced approach helps maintain efficiency without sacrificing the human element of HR. 

“While technology is presenting some really unique and exciting opportunities, relying too heavily on it can lead to a disconnect in human interactions, which are vital in HR for building relationships and fostering a positive workplace culture.” – Stacy Litteral 

Working with BPM for HR excellence 

As organizations navigate these evolving trends, partnering with a trusted advisor becomes increasingly valuable. BPM helps companies implement and optimize these emerging HR practices while ensuring compliance and operational excellence. Our comprehensive HR consulting services support organizations in developing strategic approaches to talent management, technology integration and workforce planning. 

BPM’s team brings deep understanding of current HR trends and helps organizations adapt these practices to their specific needs. Our solutions encompass the full spectrum of HR services, from recruitment and training to compliance and employee relations. To find out how we can help you confidently navigate the changing HR landscape while building strong, resilient workforces for the future, contact us.  

The Securities and Exchange Commission (SEC) marked a significant change in crypto regulation on January 21, 2025 and January 23, 2025, with two major announcements: the formation of a dedicated crypto task force and the rescission of Staff Accounting Bulletin 121 (SAB 121). These changes signal a fundamental shift in the federal government’s approach to digital asset regulation. 

A new direction for crypto regulation 

The newly established crypto task force, led by SEC Commissioner Hester Peirce, will develop a comprehensive regulatory framework for digital assets. This initiative aims to provide clear guidelines for the crypto industry, addressing a longstanding need for regulatory clarity. The task force will coordinate with other federal agencies, including the Commodity Futures Trading Commission (CFTC), to ensure consistent oversight across markets. 

The task force’s formation coincides with President Trump’s executive order “Strengthening American Leadership in Digital Financial Technology,” which establishes a supportive stance toward digital asset innovation while maintaining appropriate oversight. This executive order explicitly promotes several specific digital asset activities, including access to public blockchain networks and self-custody of crypto assets. 

SAB 121 rescission brings relief to financial institutions 

The SEC’s decision to rescind SAB 121 removes a significant barrier for banks and financial institutions offering crypto custody services. Under the previous guidance, companies holding crypto assets for clients needed to report these holdings as balance sheet liabilities, creating substantial financial constraints and effectively preventing many traditional institutions from entering the crypto custody space. 

The new guidance, Staff Accounting Bulletin 122 (SAB 122), allows institutions to assess their crypto custody risks using recognition and measurement requirements for liabilities arising from contingencies set forth in existing Financial Accounting Standards Board (FASB) and International Accounting Standards (IAS) guidance. This change potentially opens the door for expanded crypto services from traditional financial institutions.  

Impact on financial reporting 

Under SAB 122, financial institutions can now: 

• Apply existing FASB and IAS guidance 
• Calculate liabilities based on actual risk assessments 
• Report crypto holdings more consistently with other custodial assets 
• Implement retrospective changes to financial statements 
• Develop risk models specific to their custody operations 
• The timing for implementation starts with annual periods beginning after December 15, 2024, though companies may elect to restate earlier financial statements to reflect the changes. This retroactive application option provides flexibility for institutions adapting to the new framework. 

Market response and industry implications 

The crypto industry has responded positively to these regulatory shifts, seeing them as steps toward more balanced oversight. The changes create opportunities for: 

• Enhanced institutional participation in crypto markets 
• Expanded custody services from traditional banks 
• Financial reporting of crypto assets consistent with existing GAAP and IAS guidance
• Greater integration of digital assets into mainstream finance 
• Development of new crypto-based financial products 
• Increased competition in the custody services sector 

Regulatory coordination and future developments 

The SEC’s crypto task force will work closely with other regulatory bodies to ensure comprehensive oversight without duplicative or conflicting requirements. This coordination extends to: 

• State regulatory agencies overseeing digital asset businesses 
• Federal banking regulators developing custody guidelines 
• International financial regulators addressing cross-border transactions
• Industry self-regulatory organizations establishing best practices 

The task force is expected to address key areas including: 

• Token classification standards 
• Trading platform requirements 
• Custody solution frameworks 
• Investor protection measures 
• Market manipulation prevention
• Risk disclosure standards 

Looking ahead 

As the crypto task force develops its framework and institutions adjust to SAB 122, the industry stands at a pivotal moment. These changes mark the beginning of a new chapter in crypto regulation, with potentially far-reaching implications for the financial sector. The combined impact of the new task force and SAB 121 rescission suggests a more nuanced approach to crypto regulation, balancing innovation with investor protection. 

The next several months will be crucial as financial institutions begin implementing changes under SAB 122 and the task force begins its work on developing comprehensive guidelines. Market participants anticipate additional regulatory clarity as these initiatives progress, potentially leading to increased institutional adoption of digital asset services. 

Navigating the transition with BPM  

For organizations seeking guidance through these regulatory changes, BPM’s digital assets team provides comprehensive advisory services. With deep industry knowledge and regulatory insight, BPM helps clients implement new accounting treatments, assess custody risks and adapt to the evolving crypto landscape. 

To learn more about optimizing your operations under the new regulatory framework, contact us.  

Are you struggling to gain clear visibility into your company’s finances? Do you want to elevate your financial data, analytics, and technology to support your ambitious growth plans?  

If so, outsourced accounting services could be a great solution. Many businesses turn to external accounting firms to transform their financial operations and gain a competitive edge. 

Outsourced accounting offers a wealth of benefits that can revolutionize how you manage your finances and drive your business forward. From accessing advanced expertise to enhancing efficiency and scalability, partnering with an external accounting team can provide the financial sophistication and insights needed to fuel your company’s growth.  

9 benefits of outsourced accounting 

Let’s explore the top advantages of outsourced accounting services and how they can empower your business to reach new heights. 

Interested in how outsourced accounting can help your business? Read our complete guide to outsourced accounting or reach out to our outsourced accounting team.  

1. Access to advanced accounting expertise 

Outsourced accounting provides access to a team of seasoned professionals with diverse skills and experience. This solves the problem of limited in-house expertise, especially for small and medium-sized enterprises that may lack the resources to employ full-time specialists.  

It’s important because it allows businesses to tap into high-level financial knowledge and industry-specific insights without the overhead of maintaining a large internal team. 

Outsourcing accounting talent secures the expertise of seasoned industry professionals on an as-needed basis, optimizing your budget allocation. These external teams are typically well-versed in various accounting software platforms, providing access to sophisticated technology that might be cost-prohibitive to implement in-house.  

This combination of expertise and advanced tools can significantly enhance your financial management capabilities and strategic decision-making processes. 

2. Increased financial security 

Let’s face it—no matter how talented and well-intentioned, every department needs checks and balances to remain above board.  

With an outsourced accounting team, you increase your financial security with a second set of eyes to put systems, processes, and expertise in place to reduce the risk of fraud, embezzlement, and errors that can happen when too many financial responsibilities are concentrated among a small internal team.  

By outsourcing key functions to specialized professionals, you create an ecosystem of oversight that keeps your finances more secure. These external experts stay current with evolving regulations and compliance requirements, ensuring your business adheres to relevant standards like GAAP.  

This proactive approach to compliance and risk management reduces the potential for penalties or legal issues while also meeting the evolving reporting demands of investors and industry regulators. 

3. Better financial reporting and audit preparedness 

Strong financial reporting is the backbone of your organization’s financial health. It prepares you for various audits, growth stages, and strategic decision-making, like acquiring new debt, bringing on new investors, or going public.  

And the larger the company gets, the more likely you’ll need to be prepared for such an audit.  

Outsourced accounting teams, often including CPAs with specialized audit knowledge, can help prepare your financial statements and documentation to meet stringent audit requirements. They bring expertise in creating clear, compliant financial reports that give stakeholders transparent insights into your company’s financial health.  

This level of preparation not only smooths the audit process but also builds credibility with investors, lenders, and regulatory bodies, supporting your company’s growth trajectory. 

4. Get clean, useable financial data 

Your data is the foundation of sound business decisions and effective financial management.  

Outsourced accounting services ensure your financial information is accurate, up-to-date, and reliable. This solves the problem of inconsistent or error-prone records that can lead to poor decision-making and compliance issues. 

Professional accountants use advanced systems to maintain precise records, reduce errors, and provide timely financial reports. This accuracy helps you meet important deadlines consistently, whether for tax filings, investor reports, or internal reviews. 

5. Enhance financial data and analytics 

Securing the right financial data is just the tip of the iceberg. Now, your team needs to analyze it and make strategic decisions and recommendations from it.  

Outsourced accounting allows you access to detailed financial analyses and sophisticated analytical tools, enabling more effective trend identification, future financial scenario forecasting, and data-driven decision-making.  

A team can build and help you analyze custom reports on your business’s key performance indicators (KPIs), profit margins, and more.  

6. Improve operational efficiency and financial procedures 

Time-consuming, manual tasks got your team (and productivity) down? One of the benefits of outsourced accounting services is that the team can help you streamline your financial processes and optimize operational efficiency.  

A team could help you automate repetitive tasks and reduce manual errors, freeing up internal teams’ time for core business activities. 

Experienced outsourced accountants can also review and optimize your financial procedures, implementing best practices that improve overall financial management and control. This is particularly beneficial when transitioning from cash-basis to GAAP accounting or preparing for financial audits. 

7. Build sophisticated financial growth strategies 

Outsourced accounting teams bring a wealth of experience across various industries to help craft sophisticated financial growth strategies for your business. This solves the challenge of navigating complex financial landscapes, especially during rapid growth or expansion periods. 

With their broad expertise, these teams can provide valuable insights to support your business growth strategies, helping you tackle challenges associated with scaling operations, entering new markets, or meeting evolving investor demands.  

This strategic support is crucial because it enables you to make informed decisions that drive sustainable growth and maximize opportunities in an ever-changing business environment. 

8. Access top-tier accounting software 

Partnering with an outsourced accounting firm gives you access to advanced accounting technologies and software that might otherwise be cost-prohibitive. This addresses the problem of staying technologically competitive without significant upfront investment in software and training. 

These cutting-edge tools can automate processes, improve reporting capabilities, and support your business’s growth. Access to top-tier accounting software is important because it enhances your financial management capabilities, improves accuracy, and allows your team to focus on strategic tasks rather than manual data entry and processing. 

9. Ability to customize solutions as you scale 

As you know all too well, growth equals change. The accounting needs you have right now will likely look drastically different in 1, 5, or even 10+ years down the road. 

One year, you may need complex financial modeling or merger and acquisition support; in another, you may require more efficient systems and processes to enhance team productivity.  

Outsourced accounting could be right for you because that team can support you as your needs evolve.  

Outsourced accounting allows you to scale services up or down based on your current needs, ensuring you always have the right level of support. This customization is crucial because it provides cost-effective, tailored financial expertise that aligns with your business objectives at every growth stage. 

Experience the benefits of outsourced accounting services with BPM 

At BPM, our outsourced accounting services go beyond basic bookkeeping. As an extension of your business, we offer CPA firm-level expertise in tax, assurance, and financial support services tailored to your unique challenges. Our team works closely with you to explore financial and operational opportunities, customizing solutions that fit your needs. 

With extensive experience across various sectors, including consumer products, real estate, technology, and nonprofits, BPM understands the nuances of different industries. We leverage best-in-class, cloud-based accounting platforms to empower your financial management with greater control and quality. 

Take the next step toward optimizing your financial operations. Contact the BPM outsourced accounting team today to discuss how our outsourced accounting services can benefit your business goals and drive your success. 

The accounting landscape continues to evolve rapidly with technological advancements and changing business demands. As we move through 2025, several key trends are transforming how accounting professionals serve their clients and manage financial data. 

10 Accounting trends for 2025 

This article will explore the most significant developments shaping the accounting profession in 2025, from artificial intelligence and blockchain to ESG reporting and value-based pricing models. 

1. Artificial intelligence revolutionizes workflow 

AI-powered accounting systems are streamlining routine tasks and enhancing accuracy in financial reporting. Machine learning algorithms now handle data entry, reconciliation and preliminary audit procedures with remarkable precision. This shift allows accountants to focus on strategic advisory roles and complex financial analysis. The integration of natural language processing enables automated report generation and real-time financial insights. 

2. Cloud-based solutions drive collaboration 

The migration to cloud platforms continues to accelerate, enabling real-time access to financial data and seamless collaboration between teams and clients. Cloud solutions provide enhanced security features and automatic updates, ensuring firms stay current with the latest technological advances. The scalability of cloud infrastructure allows firms to adapt quickly to changing business needs and client demands. 

3. Blockchain transforms transaction verification 

Blockchain technology is revolutionizing how transactions are recorded and verified. This distributed ledger technology creates immutable records, reducing fraud risks and simplifying audit trails.  

Forward-thinking firms are implementing blockchain solutions for smart contracts and automated compliance checking. The technology’s transparency and traceability features are particularly valuable for international transactions and supply chain finance. 

4. ESG reporting takes center stage 

Environmental, Social and Governance (ESG) reporting has become mandatory for many organizations. Accountants are developing new methodologies to track and report sustainability metrics, carbon footprints and social impact measurements. The integration of ESG considerations into financial reporting requires sophisticated tracking systems and specialized knowledge of sustainability frameworks. 

5. Data analytics drives decision-making 

Advanced analytics tools are transforming how accountants interpret financial data and provide insights. Predictive modeling and scenario analysis enable more accurate forecasting and risk assessment, helping clients make informed business decisions. Real-time dashboards and visualization tools make complex financial data more accessible and actionable for stakeholders. 

6. Remote work reshapes service delivery 

Virtual collaboration tools and secure digital platforms have made remote accounting services the norm. Firms are investing in technology infrastructure to support hybrid work models while maintaining high service standards.  

This shift has expanded the talent pool and improved work-life balance for accounting professionals while maintaining service quality through digital collaboration tools. 

7. Cybersecurity priorities intensify 

As digital transformation accelerates, accounting firms are strengthening their cybersecurity measures. Advanced encryption, multi-factor authentication and continuous monitoring systems protect sensitive financial data. Regular security audits and employee training programs have become essential components of risk management strategies. 

8. Automated compliance management 

Regulatory technology (RegTech) solutions are streamlining compliance processes. These tools automatically update with new regulations and help ensure adherence to changing standards across jurisdictions. The integration of AI-powered compliance monitoring reduces risk and improves accuracy in regulatory reporting. 

9. Value-based pricing models emerge 

Traditional hourly billing is giving way to value-based pricing structures. Firms are developing sophisticated pricing models that reflect the strategic value they provide rather than time spent. This approach aligns fee structures with client outcomes and encourages innovation in service delivery. 

10. Skills evolution accelerates 

Accounting professionals are expanding their skill sets to include data analysis, technology management and strategic advisory capabilities. Continuous learning programs have become essential for staying competitive. The modern accountant combines traditional financial knowledge with technological literacy and business strategy expertise. 

Working with BPM  

As these trends reshape the accounting landscape, partnering with a forward-thinking firm becomes crucial. BPM combines cutting-edge technology with deep industry knowledge to deliver innovative solutions. Our commitment to staying ahead of industry trends, while maintaining strong client relationships, makes us an ideal partner for businesses navigating the evolving financial landscape.  

Our integrated approach ensures clients receive forward-thinking solutions that address current needs while preparing for future challenges. To find out more about how we can help you navigate these changes, contact us.  

The complex landscape of mergers and acquisitions demands careful attention to tax implications that can make or break a deal. With U.S. M&A transactions projected to surge in 2025, understanding tax due diligence has never been more critical for businesses considering strategic moves.  

What is tax due diligence? 

Tax due diligence involves a comprehensive review of a target company’s tax position, potential liabilities and opportunities during an M&A transaction. This process helps identify any tax-related risks, outstanding obligations and areas where tax efficiency can be improved. Both buyers and sellers benefit from this crucial step — buyers gain clarity on potential tax exposure, while sellers can address issues proactively before they impact negotiations. 

“Tax due diligence serves as a critical lens through which we discover and quantify potential tax risks in M&A transactions. These findings often impact the deal structure, escrow holdbacks, indemnification, and determine what conditions are needed to resolve tax issues.” – Bob Houston, Tax and M&A Leader 

Key components of the tax due diligence process 

The tax due diligence process typically spans one to three months, though complex deals may require up to six months. Three essential phases drive the investigation: 

Information gathering 

Teams collect and analyze tax returns from the past three years, sales and use tax returns, payroll reports, property tax filings, unclaimed property reports, financial statements, income tax provisions and relevant trust documents. This documentation provides the foundation for understanding the target company’s tax position. Special attention goes to filing timelines, positions taken on returns and any aggressive stances that might trigger audits. 

Management interviews 

Tax professionals conduct detailed discussions with the target company’s leadership to clarify questions arising from document review and gain deeper insights into tax planning strategies. These conversations often reveal crucial context about historical decisions and future tax implications. 

Analysis and quantification 

The team evaluates all collected information to determine potential tax exposure and opportunities. This includes reviewing claimed deductions, tax credits and compliance with reporting requirements. They assess documentation supporting tax positions, particularly for specialized items like R&D credits or complex deductions. 

Common findings and solutions 

During tax due diligence, teams frequently uncover issues such as incorrectly deducted expenses, questionable tax credit claims or documentation gaps. Common challenges include: 

• Misclassification of capital improvements as expenses 
• Inadequate support for claimed tax credits 
• Missing or incomplete documentation for deductions 
• Inconsistencies in state and local tax compliance 
• Sales and use tax exposure 
• Misclassification of employees as independent contractors 
• International tax exposure in cross-border transactions 
• When problems arise, buyers have several options: 
• Negotiate purchase price adjustments 
• Include indemnification clauses in agreements 
• Structure the deal to minimize tax risk exposure 
• Develop remediation plans for post-closing implementation

Impact on deal structure 

Tax due diligence findings often influence the final deal structure. For stock purchases, buyers may need additional protection through representations and warranties, while asset purchases might require specific allocation strategies to optimize tax treatment.  

Understanding these implications early in the process allows both parties to negotiate more effectively and avoid surprises late in the transaction. 

The value of professional guidance during tax due diligence 

While some companies consider handling tax due diligence internally, most recognize the advantages of working with specialized M&A professionals. External teams bring independence, confidentiality and focused attention to the process without disrupting internal operations. Professional guidance helps companies navigate complex tax regulations, identify potential savings opportunities and minimize risk exposure throughout the transaction. 

BPM’s role in successful transactions 

For businesses navigating the complexities of tax due diligence, BPM delivers comprehensive solutions that protect your interests throughout the M&A process. Our dedicated team combines deep technical knowledge with practical experience across various industries and transaction types. By partnering with BPM, you gain access to professionals who understand both the technical aspects of tax due diligence and the strategic implications for your business objectives. 

To ensure your next transaction benefits from thorough tax due diligence that identifies risks, uncovers opportunities and supports optimal deal outcomes, contact us.