In this quick TV interview, CEO of Aviva Spectrum, Sonia Luna, offers insights into why cannabis companies have limited access to banking. She discusses how cash transactions affect taxes, cryptocurrency, and the long-term solution to help cannabis companies. Currently, there are only a few providers that have an alternative to banking, such as eXpo founded by Larry Lipman, and Payqwick., founded by Keith Marks, and Ken Berke.
According to FinCen, a government banking watchdog, in its “Marijuana Banking Update” report, during the fourth quarter of 2017, less than 400 banking institutions are actually dealing in the cannabis industry right now of an approximately 12,000 registered banking institutions in the U.S. Sonia Luna, CEO of Aviva Spectrum and leading cannabis advisor shares in this TV interview some solutions such as money orders you can get from the US postal service or accessing private lending vehicles.
If you’re looking for a free cannabis accounting analysis with Sonia Luna, email us today at: Info@avivaspectrum.com.. Read More
BlackLine’s Value Proposition & Impact on my Staff
Have you ever
Ask yourself, “Why do accountants repeat the same manual accounting close process?”
Today, we have smarter ERP systems to
What if the close process is automated, your work is streamlined across the month or quarter instead of sharp peaks at period ends?
What if the bulk of your accounts are auto reconciled with a click!? And who wouldn’t love to have the obvious be matched automatically
so you have more time for those key strategic tasks, analytics, cross
What about your Audit Committee members- how much comfort will they have on the effective risk assessment making its way to your accounts and reconciliations?
OK, moving beyond just account close, there has been a magnifying glass on the accounting treatments and review processes- let’s not forget the SOX
Auditors. What if there was a system-driven
We here at Aviva Spectrum have put together a very short video to quickly introduce you to what a BlackLine environment means to your staff and its value proposition. Have a look at this brief 10 min video here... Read More
"Sonia and her team at Aviva Spectrum were a critical success factor in developing and implementing key internal controls to enable us to successfully implement Timberline at UCP. The teams pre-implemnentation efforts were invaluable to us."
"I have known Sonia for quite a few years now in connection with her service to the IIA, most specifically working on the CAE Roundtable. Sonia has tirelessly promoted this event and has been very successful in promoting its scope, value and attendance. Sonia seems to know everyone in internal audit and her relationships, drive and positive attitude are key factors in my staying involved. Thank you Sonia."
"Working with Sonia and Aviva was productive and was a successful partnership for our organization which ultimalely helped us to reduce internal and external costs"
"Sonia Luna - think entrepreneur with a superior understanding of governance, risk and control. Her secret? Years of working with authoritative standard setting bodies such as COSO."
"Aviva provided us with valuable support and useful recommendation while we documented our internal controls. "