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AcctTwo is a business process outsourcing firm and provider of cloud-based financial management solutions. Below is our interview with Peter Wagner from AcctTwo team:

Q: AcctTwo is a consulting company and provider of cloud-based financial management solutions. Tell us something more about your services and AcctTwo history?

A: AcctTwo was founded by Marcus Wagner in 2010. Marcus is a CPA whose career began at PricewaterhouseCoopers, where he spent time in the financial audit and risk advisory practices. As an auditor for PricewaterhouseCoopers, Marcus learned first-hand the benefits of outsourcing back-office accounting processes for large firms. As a founding member of Calvetti, Ferguson, and Wagner, a Houston-based CPA firm, he then saw how smaller and mid-sized businesses could benefit even more from outsourcing these processes. In 2010, Marcus established AcctTwo as a provider of outsourced back-office processes, as well as a leading channel partner for Intacct, the best-in-class cloud-based accounting software provider.

Q: What is your core competency?

A: As Intacct’s overall channel Partner of the Year for 2014, AcctTwo’s core competency is the ability to add strategic value to small and midsized businesses via Intacct implementations or by outsourcing some or all of a company’s accounting function. Both routes provide businesses with better process automation, real-time business intelligence, and better financial controls, freeing up company leadership to think strategically rather than reactively.

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Q: What advantage does AcctTwo have over its competitors?

A: AcctTwo’s partnership with Intacct, the only financial management system endorsed by the AICPA, as well our deep expertise and a strong customer base in the Oilfield Services, Software and Technology, and Faith-based industries sets us apart from the competition.

Q: Do you have any particular advice for companies planning to reduce IT costs?

A: Cloud computing and Software-as-a-Service enterprise applications are the way of the future. Moving from a legacy on premise environment to a cloud-based subscription environment for financial management, human resources, project management, and other enterprise tools is the best way to reduce IT costs, both in hardware and maintenance, and also in staffing.

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Q: What can we expect from AcctTwo in next the six months?

A: Expect AcctTwo’s management team to increase its thought leadership on the topics of accounting principles, software implementation approaches, business intelligence, cloud computing, and other subjects relevant to midsized businesses trying to grow quickly and plan strategically. AcctTwo will become a key resource for information for finance departments looking to expand their knowledge, move to cloud-based financial solutions, or outsource their finance function.