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.

professionals

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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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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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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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QuickBooks Desktop Pro Review: Features and Pricing in 2023

Ace Cloud Hosting

“Behind every good business is a great accountant.” – Paul Miller, renowned tech blogger and CPA. If this quote resonates with you, then you’ve landed at the right spot!

More Trending

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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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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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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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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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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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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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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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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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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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Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!

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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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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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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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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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The Definitive Guide to Spend Management

The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.

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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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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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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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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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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.