Wed.Sep 25, 2024

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Is it time for accountants to integrate AI into their practices?

Accounting Today

Amid widespread adoption of traditional and generative forms of artificial intelligence, the looming question on the minds of many accountants is what diving deeper could mean.

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Your ERP Transition Needs Oversight

Oversight

Why Implementing a New ERP is the Perfect Time to Partner with Oversight As organizations prepare to implement a new ERP, it’s natural to focus on the promise of better efficiency, improved processes, and greater visibility across your operations.

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9 steps to better change leadership

Accounting Today

In an environment of constant change, simply managing change isn't enough.

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Streamlining Payer Requests for Information: A Provider’s Guide

RevCycle

Hospitals are facing a growing threat to their bottom lines, namely payer requests for information (RFI’s). A study by Kodiak Solutions shows that the denial rate from initial RFI’s has increased by nearly 9% since 2022. The increase is not due to a decrease in data quality either, with Colleen Hall of Kodiak Solutions stating: “Our analysis suggests that health insurers are using RFI denials to simply slow down claims that they ultimately will pay, just to reap the benefits of paying more slowl

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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FloQast rolls out unified platform for all solutions

Accounting Today

FloQast announced it has rolled its entire solution portfolio into the new Accounting Transformation Platform, and added a few new ones on top of that.

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Tipalti Named “Growth Partner of the Year” By NetSuite

Tipalti

The Growth Partner of the Year Award recognizes Tipalti’s meaningful investment in its partnership with NetSuite.

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More Trending

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Xero announces CFO transition at end of FY2025

Insightful Accountant

Kirsty Godfrey-Billy to step down on 31 March 2025 aer 9 years at Xero and 6+ as CFO

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NCCPAP approves new board

Accounting Today

The National Conference of CPA Practitioners finalized the new slate of officers and directors for the 2024-25 term.

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ProAdvisor 'Payroll' Survey Request

Insightful Accountant

Insightful Accountant wants your input on Payroll Apps/Solutions that you may use, refer to your clients, implement for your clients, or you are certified in. Please take 5 minutes to complete a very brief 3 question survey.

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CPE platform LumiQ gets PE investment

Accounting Today

Continuing professional education platform LumiQ has received a strategic investment from private equity firm Vertu Capital.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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We Want Top ProAdvisors to Tell Us About Yourself

Insightful Accountant

Our ProAdvisor Profile features are always a big hit, the problem is that too many of you are too shy, too self-conscious, or too busy to take the 3 or 4 minutes to fill out our profile survey. 'Find the time, and get over it' we want to know you.

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FASB proposes hedge accounting standards update

Accounting Today

The proposed amendments would clarify guidance on hedge accounting and address issues that arose from the global reference rate reform initiative.

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Changes Coming to Individual Estimated Tax Payments

Insightful Accountant

The current system of quarterly individual estimated tax payments poses significant challenges for taxpayers, particularly those in the gig economy. Recently, the California Lawyers Association Taxation Section proposed changes to the IRS to help.

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IFRS publishes guide to ISSB standards

Accounting Today

The guide aims to help companies that are voluntarily applying ISSB standards and help them communicate their progress to investors.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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The 3 Non-Negotiable Team Member Traits

Future Firm

Employee turnover is often caused by hiring people with the wrong traits. Discover the 3 traits I require in every team member we hire. The post The 3 Non-Negotiable Team Member Traits appeared first on Future Firm.

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U.S. investigating SAP, Carahsoft for possible price-fixing

Accounting Today

The investigation is covering sales of the German accounting software giant's solutions to U.S. government agencies.

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Accountants Taking Strategic Lead on AI as Investment Ramps Up

Insightful Accountant

Human oversight and experience are as critical as technology in adopting AI in the finance function.

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How accounting firms can overcome the profit plateau

Accounting Today

Many accounting firms run up against the dreaded profit plateau for a simple reason: The owner is too involved.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

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Media and Ad Agency Trends for 2025 

AvidXchange

As we prepare for 2025, advertising and media agencies are navigating a landscape marked by increased spending and a surge in requests for proposals (RFPs). This dynamic environment presents both opportunities and challenges for companies striving to stay ahead. Technology plays a key role in optimizing operations. By embracing innovative solutions, ad agencies can streamline processes and boost efficiency, better positioning themselves for success in a competitive market.

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Top 7 Benefits of Using Google DataFlow for Analytics

Economize

Data processing today comes with a lot of challenges. Handling these huge data volumes, juggling through different data sources, and ensuring low-latency processing all while making sure your result stays accurate in not an easy task.

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What is Lease Abstraction? Overview and Techniques

Nanonets

Managing multiple lease agreements in the real estate world can be overwhelming. These documents are often lengthy—sometimes running over 100 pages—making it challenging to grasp the key points quickly. Not just that, they are filled with legal jargon and clauses requiring specialised knowledge, making manual data extraction time-consuming, error-prone and generally inefficient.

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Simplifying Financial Processes with Translucent | Michael Wood

Insightful Accountant

In this exciting episode of the Xerocon Accounting Insiders Podcast, we were joined by Michael Wood, founder of Translucent, who shared how his latest venture is revolutionizing financial processes.

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How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies

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 Use AI in Bank Statement Processing

Nanonets

In today's complex financial landscape, businesses are drowning in a sea of bank statements. In 2022, a staggering 98.6% of Americans held transaction accounts , generating an unprecedented volume of financial data. For businesses processing thousands of bank statements daily—from insurance companies to financial institutions, bank statement processing presents a challenge and an even bigger opportunity for automation.

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Remote Work Going Away or Here to Stay?

Cloud Accounting Podcast

Blake and David examine the evolving landscape of remote work, discussing recent trends and their impact on productivity and employee well-being. They also explore the commercial real estate market's challenges due to the shift towards remote work and its potential implications for the banking sector. Moving on, they take a look at recent audit failures, particularly the FTX case and discuss the controversial Beneficial Ownership Information reporting requirements and some potential issues for s

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