The Global Accountant Shortage is Real

accountant shortage

Right here, right now The global shortage of accountants is a pressing issue that has significant implications for businesses and economies worldwide.  The U.S. alone is estimated to be short 340,000 accountants due to retiring professionals and lack of new entrants. Nearly 600 U.S. listed companies reported personnel-related weaknesses in internal financial controls in the […]

Difference between SOC 1 and SOC 2: Everything You Need to Know

SOC1SOC2

Why is SOC important? Service Organization Control (SOC) reports are essential for organizations that provide services to other entities, as they demonstrate the effectiveness of their internal controls and data security practices. SOC 1 and SOC 2 are two types of SOC reports that serve different purposes and cater to different audiences. Understanding the differences […]

Tech Throwback: Microsoft FRX

Microsoft FRX: Everything you need to know Microsoft FRx was a financial reporting and analysis software designed to help organizations streamline their financial close processes and improve decision-making through enhanced reporting capabilities.  It allowed users to create and generate financial statements and reports by pulling data directly from their accounting system’s general ledger. The history […]

Why companies continue to rely on spreadsheets for financial reporting and consolidation

excel spreadsheet

Spreadsheets since the beginning of time Many organizations continue to rely on Excel spreadsheets for financial reporting and consolidation despite the increased time required and the higher likelihood of errors due to several key reasons: Widespread Use and Familiarity Excel is a ubiquitous tool in the business world for financial reporting and consolidations, and many […]

Mondial is at the Accountex London 2024!

Accountex 2024

What is ACCOUNTEX, London 2024? Accountex London 2024 is a prominent event in the accountancy and finance sector, scheduled to take place on 15-16 May 2024 at ExCeL London. This event is recognized as the world’s largest accountancy and finance expo, attracting over 10,000 attendees, including accountants, finance professionals, managing partners, C-level executives, practicing accountants, […]

The Role of Financial Reporting Specialists in Optimizing Reporting Technology

Financial Reporting Specialist JD

Financial Reporting Specialists Job Description Financial reporting specialists are professionals who are experts in preparing, analyzing, and presenting financial information for organizations. They are responsible for ensuring that financial statements and reports comply with relevant laws, regulations, and accounting standards. Their role involves preparing financial reports such as balance sheets, income statements, and cash flow […]

Mondial at the 2024 SAP Partner Summit for SME​

Mondial was there at both the Phoenix and Madrid Summit Our amazing team at Mondial wasn’t just jet-setting to sunny destinations (although, Phoenix and Madrid don’t hurt!), they were building bridges with incredible VAR/SI partners at the SAP Business One Partner Summits! The summit was held across three global locations: Singapore (March 12-13), Phoenix, AZ, […]

What are the Key Features to look for in Financial Reporting Software

What are the Key Features to look for in Financial Reporting Software

Financial Reporting Software, ERP Systems etc… Financial reporting software plays a crucial role in ensuring that organizations can accurately track, manage, and report their financial activities. This technology not only aids in compliance with various regulatory standards, but also supports strategic decision-making by providing comprehensive insights into financial performance. With the vast array of financial […]

Strategies for Enhancing Cybersecurity in Accounting Departments

cyberattack-accounting

2024 saw an increase in Corporate Cyberattacks Today, accounting departments face a serious challenge: cyber attacks. They hold sensitive data and are targeted by hackers aiming for profit or disruption. These attacks pose risks like financial loss, damaged reputation, and legal issues due to compromised data integrity. As technology evolves and cyber threats become increasingly […]

Mondial goes to the SAP Partner Summit for SME 2024!

SAP-Partner-Summit-for-SME-2024

We’ll be in Phoenix and Madrid Mondial will be in attendance at the 2024 SAP Partner Summit for SME in both Phoenix and Madrid to network with SAP Partners and spread the news about Mondial.   Mondial is set to participate in the esteemed 2024 SAP Partner Summit, specifically designed for SMEs, across two vibrant locales: […]

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