Today: December 16, 2018, 11:47 pm
  
Business

Storms and Natural Disasters Create Millions in Recovery for Accounting Organizations

PR-Inside.com: 2018-09-20 15:02:02

ATLANTA, Sept. 20, 2018 (GLOBE NEWSWIRE) -- As tropical storms and destructive forest fires attack the United States, companies and government organizations are in a rush to allocate dollars for the recovery of infrastructure. Meanwhile, strategic accounting teams prepare ahead of critical events by creating long-range asset plans, which include the repair and replacement of damaged infrastructure. The reason for the rush? This year is on track to have greater natural disaster recovery costs than last year.

In 2017, the United States had a record-breaking year in damage caused by natural disasters, with the cumulative amount of damage totaling $306.2 billion, according to the National Oceanic and Atmospheric Administration. “As natural disasters and extraordinary events have become more common, organizations have realized the need to prepare financially to ensure the successful management of any resulting damage,” said Brent Burns, Chief Operating Officer of PowerPlan. “Pro-active organizations aren’t just preparing for the operational impact of replacing or repairing their assets, but are also financially preparing for natural disasters as well by having systems in place to help them forecast the impacts and quickly update the results after a large event.”

To help organizations prepare, there is a new guide titled “Storm Recovery and Extraordinary Events: Is Your Accounting Team Prepared?” The document, which provides best practices for accounting teams aiming to take a proactive financial stance on disaster recovery, can be downloaded for free here: http://bit.ly/2pmbbWX. Help get your accounting team ready for the next storm.

About PowerPlan

PowerPlan software provides financial insight into how complex rules and regulations impact your organization – empowering you to make credible decisions that improve overall corporate performance. The integrated solution provides complete visibility starting with forecasting and monitoring to scenario planning and analytics while maintaining financial compliance. For more information, email info@powerplan.com or visit www.powerplan.com.

For more information, contact:
pr@powerplan.com




# 482 Words
Related Articles
More From The Author
SeaBird Exploration: Letter of intent received for [..]
20 September, Limassol, Cyprus   SeaBird Exploration is pleased to announce that it has received a letter of intent from [..]
Pharmacy2U Selects RingCentral for Innovative Omnichannel Communications
RingCentral UK, Ltd. : Pharmacy2U helps over 240,000 people across the country manage their NHS repeat prescriptions. Set up [..]
New Research Shows 63 Percent of Enterprises [..]
Camunda Survey Reveals Digital Transformation Is Very Important to Virtually All Software Pros and More Than Half Say Digital Disruption [..]
XBiotech Announces Addition of Top Dermatologist and [..]
AUSTIN, Texas, Sept. 20, 2018 (GLOBE NEWSWIRE) -- XBiotech Inc. (NASDAQ: XBIT) announced today the addition of Alice Gottlieb, M.D., [..]
Vista Global Acquires XOJET, the Leading On [..]
Vista Global acquires XOJET’s fleet and commercial operationsAcquisition of XOJET’s business aviation services reinforces Vista [..]
 
More From Business
Learn about Dishonest Companies and Specialist on [..]
12 December 2018 – Beware.org provides the most favorable conditions for average consumers to publish the alerts and warnings about [..]
Brands Reviews Offers the Best Quality Reviews
12 December 2018 – Brands Reviews is offering the largest collection of reliable and trusted qqtube review and subpals review [..]
509 Electric Is the Best Residential Electrical [..]
Yakima, USA – 12 December 2018 – 509 Electric is the best Yakima Electrical Contractor ready to offer top quality [..]
Cross Talks Awarded $5K Grant from the [..]
The Penn State Brandywine Boost, a program of the Invent Penn State initiative, has selected Delaware State Chamber Member, Soraya [..]
Huber Needles: Market is likely to register [..]
This Market Study provides key insights and forecast on the global Huber needles market for the forecast period 2017-2024. The [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.