Wed.May 31, 2023

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How are your customers feeling?

Xero

With the cost of living continuing to rise, putting pressure on many households, it’s timely for small business owners to think about consumer confidence. Consumer confidence is an important economic indicator for small businesses that mainly sell to households, because “consumers” is really just another word for your “customers” Looking at the most recent figures, the OECD Consumer Confidence Index remains below 100 in Australia, Canada, New Zealand, South Africa, the

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Customize your career journey at Intuit

Intuit

Senior software engineer, Atia Hashimi, joined Intuit in 2019. While pursuing a master’s degree, she started working with Android applications and fell in love with mobile app development. Now, as a member of the QuickBooks Live Mobile team, she’s leading and driving tech initiatives. What did your life look like prior to joining Intuit? I was born in Afghanistan.

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Integrating AI into Your Finance Function

Nanonets

Emerging technologies such as artificial intelligence and machine learning have transformed the traditional finance function by making processes efficient, improving accuracy, and enabling data-driven decision-making. According to a Forrester survey, 98% of financial institutions believe that AI and ML can give them an edge and improve how they do business.

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Intuit’s First Supplier Diversity Economic Impact Report Reinforces Commitment to Small & Diverse-Owned Businesses

Intuit

As the center of small business success, Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes TurboTax , Credit Karma , QuickBooks , and Mailchimp, published its first annual Supplier Diversity Economic Impact Report. Through a concerted effort to proactively source products and services from small and diverse suppliers, Intuit is achieving impactful change for minority and women-owned businesses at scale.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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How to Gain Control of School Spending

Compleatable

Do you (or does someone in your school setting) know exactly how much is being spent, by whom, and on what? If you’re involved in procurement and purchasing at your school, then feeling in control of the school’s spending is probably one of your top priorities and biggest challenges. The benefits of taking control of school spending Everything is ticking along at school, right?

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Karla Uribe is Intuit's New Director of Product Management, Partners Segment

Insightful Accountant

Intuit QuickBooks has welcomed Karla Uribe as the New Director of Product Management, Partners Segment for the accountant community.

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What is the procurement process?

Nanonets

The operation of any business hinges on the procurement of essential goods and services from third party vendors.  While there are two participants in a procurement process – the buyer and the seller, it is the act of procurement by the buyer that is referred to as the procurement process. Procurement is critical to the buyer’s business because it decides the quality of the goods/services to be used by the business, and the cost benefits associated with it.

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Don't make this mistake with ChatGPT

Blake Oliver

A lawyer used ChatGPT to write a 10-page brief that he submitted to a federal court. Just one problem — the cases cited were fake! Please don't use generative AI to do legal or tax research. And if you do, be sure to verify the sources and citations. GPT is like autocomplete. It makes stuff up when it doesn't have the answer. You have been warned!

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10 Benefits of Accounts Payable Workflow Automation

Nanonets

In business, mistakes made by manual processes are difficult to control, leaving businesses of all sizes vulnerable to fraud.   Accounts payable (AP) fraud is a growing concern, with over 80% of organizations having fallen prey to it.  Even giants such as Google and Facebook have been victims of AP fraud, losing over $100 million. Having a smooth and effective accounts payable process is critical in establishing strong vendor management relationships, increasing profits, saving time, o

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Pro Wrestling, Anime, and Financial Modeling with Ariel Menche

Blake Oliver

I enjoyed speaking with Ariel Menche , Strategic Finance Advisor at Raftel Strategy, on my latest podcast episode. With a fascinating blend of experiences ranging from WWE to anime and finance, Ariel brings a unique perspective to the table. One of the key takeaways from our conversation was Ariel's emphasis on the strategic aspect of financial modeling.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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How to build an Automated Invoice Processing workflow

Nanonets

Automated invoice processing is the process of seamlessly extracting data from invoices entering your system and pushing it into your ERP so that processing a payment can be done in just a few clicks. This blog is a comprehensive overview of the latest technologies that can enable you to do that. Processing payments for finance departments is a chaotic process with invoices coming from in every format possible:  paper invoices, PDFs, scanned PDFs, emails, etc.

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RCReports Releases New Entity Selection Planning Tool

Insightful Accountant

The vehicle will help simplify Entity Selection Planning for accounting and tax professionals.

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Invoice Matching

Nanonets

One significant activity in Accounts Payable (AP) processes is Invoice Matching. Traditional approaches in this key task may cost time, effort, and human resources to a business. Using innovative technologies and automated toolsets can optimize invoice matching to provide extra leverage and value to a business. This article provides a detailed insight on invoice matching, the different types, the need for touchless invoice processing or invoice management , and its varied benefits.

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5 Takeaways from the 2023 AP Career Satisfaction Survey

AvidXchange

Despite operating in an increasingly complex business environment, finance leaders can be hesitant to embrace innovation and adopt new tools. They worry their staff will be fearful of powerful tech like artificial intelligence (AI), machine learning and automation or simply resist change. However, advancements in finance technology, including accounts payable (AP) automation, are game-changing tools for organizations, helping navigate economic uncertainty, solve persistent labor challenges and

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Why MTD ITSA Software is a Worthwhile Investment

Dext

MTD for ITSA signals a significant change for accountants and bookkeepers and how they manage their landlord and sole trader clients. The legislation is the latest step in a long line of initiatives driving digital transformation. It’s now up to firms to find MTD ITSA software that allows them to do that.

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Ryan Davis, CEO of CINC Systems, on Accepting the Unknown

AvidXchange

AvidXchange CEO Michael Praeger interviewed Ryan Davis, CEO of CINC Systems , in the latest episode of “The Power of Change” podcast. The two discussed Davis’ unique path from news reporter to C-suite executive and how he’s guided CINC Systems through digital transformation and exponential growth. “The Power of Change” features interviews between Praeger and industry leaders who embrace change and use it to their professional advantage.

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5 Ways To Find Immediate Cloud Cost Savings Opportunities

CloudZero

At CloudZero, we’re always talking about different ways you can save money and increase your cloud cost efficiency with our platform.

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How to Set Up an Approval Process for Spending

Nanonets

For every business, a well-defined approval process for spends and expenses is crucial to maintaining financial control and ensuring responsible expenditure. Without this structured approval process in place, organizations may have to contend with unchecked spending, budget overruns, fraud, inefficient resource allocation, operational confusion, and poor decision-making.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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Agile Vs. DevOps: 7 Common Misconceptions (2023 UPDATE)

CloudZero

DevOps and Agile are some of the most prominent concepts in modern IT. Agile emerged at the turn of the century to help development teams become more efficient than with previous approaches.

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Preventing payment fraud and shadow spending

Nanonets

Payment fraud has tripled from $9.84 billion in 2011 to $32.39 billion in 2020 globally. It is projected to continue increasing, reaching an estimated cost of $40.62 billion in 2027, marking a 25% rise compared to 2020. This surge in fraudulent financial activities can be attributed to a combination of factors, including the widespread adoption of online payment systems, the increasing sophistication of fraud techniques, and the collaborative efforts of criminals facilitated through the dark web

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Member Spotlight: The CCRA Path to Success

NACM

When it comes to the credit profession, there's more than meets the eye. You're working with the credit team, senior management, sales, vendors, suppliers, customers and other departments in order to maximize profit and minimize risk. But that can get overwhelming without the proper preparation and training. That's where NACM's Professional Certifi.

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How to cut business expenses in a meaningful (and sustainable) way

Nanonets

Beware of little expenses. A small leak will sink a great ship. - Benjamin Franklin The strategic management of expenses is vital to the financial success of companies. However, achieving sustainable spending management can be challenging due to various internal and external factors. Internal factors include rising operational costs, the need for omnichannel capabilities, high employee turnover, intense competition, and outdated processes.

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How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri