May, 2019

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5 Accounts Payable Trends to Focus On (for the rest of 2019)

AP Association

Staying ahead of the game in the accounts payable industry means ensuring that you are up to date with current trends and advancements. With technology constantly evolving and an increased amount of pressure to cut costs wherever possible, it is all too easy to find yourself missing out on useful prospects that will make your work life that little bit easier.

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DME-ACH IAT format

SAP Accounts Payable

Payment files are generated using Automatic Payment Programs. These files are then encrypted and transferred to the bank. ESB picks up these payment files from SAP folder and shares the same with the bank through MIM job. Bank reads the payment files only in format specified by the bank itself. DME stands for “Data Medium Exchange.” To use DME, payment medium workbench is used.

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Making the Case for Better B2B ePayment Processing

AvidXchange

New fintech trends are constantly emerging. This can make it difficult to determine which ones are necessary and which are simply “nice to have.” But as businesses begin to scale for growth and eliminate paper, automated bill payment software and e-payments are proving to be essential for a simple, swift and secure payment pipeline. Why Businesses are Hesitant to Implement E-Payments Businesses are hesitant to automate for a handful of reasons.

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5 Trends Causing Disruption in the Accounting Industry

Billah and Associates

Over the past few years, tools and technological advancements have radically changed the aspect of business and marketing management. There have been several disruptions in the accounting industry in recent years, as technology has changed the way that accounting tasks are performed and the way that businesses operate. Some of the key disruptions include the increasing use of artificial intelligence, the shift to cloud-based accounting software, the rise of automation and the use of mobile devic

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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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Accounting Salon Interviews: Kenji Kuramoto of Acuity

Cloud Accounting Podcast

Sponsor Elefant: [link] Show Notes 00:46 - Why Acuity is starting to offer tax services after being a solely advisory and bookkeeping firm for many years 02:07 - Kenji shares the background on his firm Acuity 04:56 - Acuity takes a B2B software startup approach to sales, unusual for an accounting firm 07:01 - Kenji shares why they don't call their bookkeepers "bookkeepers" 08:50 - How Acuity builds out their CAS technology stack and lessons learned along the way 11:39 - Watch Kenji and Matt's Yo

CPA 40
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Cost: A New Critical Metric for DevOps

CloudZero

DevOps is a very data-driven practice. After the right cultural changes take place within an organization to adopt DevOps, teams often rely heavily on monitoring, measurement, and continuous improvement to keep their projects on track. The best teams use KPIs to benchmark their performance and report up to management. However, there’s one metric your DevOps team might not be tracking: The cloud cost of their engineering decisions.

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What’s New in Receipt Bank: April 2019

Dext

We’re always looking for ways to save you time and make your bookkeeping even more effortless. This month we released our new Expense Reports tool. This gives you a straightforward solution for your clients that submit reimbursable expenses. No matter how big or small, we’re committed to delivering you the best experience.

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The Future of the CFO

AvidXchange

The role of the CFO is continuously evolving. While leading financial planning and risk management for their organizations remains paramount, today’s CFOs are also taking on a more strategic role in keeping the business ahead of its competition. Not everyone is prepared for this shift. A study conducted by Forbes and KPMG found that a third of CEOs believe their CFO lacks the right skills to support strategic planning.

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"Count Me In" Trailer

IMA's Count Me

Your hosts, Adam Larson and Mitch Roshong, preview IMA's upcoming podcast series, "Count Me In". Adam Larson, Senior Manager of Educational Technology Enablement, and Mitch Roshong, Senior Manager of Educational Products, team up to talk with thought leaders and transformative business professionals from the accounting and finance industry about the future of the profession.

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Over 6 Million Small Businesses Using Cloud Accounting: QuickBooks and Xero Numbers Compared

Cloud Accounting Podcast

Thank you to this week’s sponsor! This episode of the Cloud Accounting Podcast is sponsored by Xero. Did you miss the Xero Roadshow when it came to your city? You can still attend a Xero Roadshow Online ! You’ll learn how your practice can benefit from the full power of the Xero Platform and earn CPE credit. Register here. Show Notes 03:06 -- High schoolers get certified in QuickBooks.

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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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6 Takeaways from The G2 Crowd Grid for Revenue Management

Sage Intacct

When it comes to revenue recognition and ASC606, finance executives at SaaS and subscription companies face many challenges. There are complexities regarding revenue and billing models, how well aligned sales and finance are on deal terms, and the changing rules from ASC 605 to ASC 606.

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First Ever APA Virtual Conference Tomorrow!

AP Association

If you didn’t already know, it’s APA Appreciation Week this entire week and tomorrow we are holding our first ever virtual conference. This is your reminder for tomorrow if you haven’t registered to attend yet… We will be opening our virtual doors to the public – just register on the link below, receive the link to your email and when it’s time, simply click to attend!

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Australia, We’re Going On A Road-Trip

Dext

Receipt Bank are halfway through an Australian road trip. We even went and got ourselves an on-brand van for the occasion! Ok maybe we haven’t … We kicked off the roadshow in Sydney on the 7th of May, where Lieletta Calleja of All That Counts and Graham Meredith of Book Us Bookkeeping shared their secrets to growth.

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4 Reasons ePayments are Critical to the Future of B2B Commerce

AvidXchange

It’s no secret the B2B market is years behind B2C desires and demands. While consumers are trusting technology to manage their money, businesses are still counting on checks and manual processes to pay for products and services. In fact, PayStream Advisors ePayments Report shared that 46% of businesses still rely on printed checks to pay suppliers. Even though checks and manual processes may seem effective and easy to manage, there are many reasons why they aren’t the most effective choice. 1.

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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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Why Cloud Cost Optimization Shouldn't be Finance's Responsibility

CloudZero

If you’re a cloud architect or engineering lead, chances are you’ve had a defensive conversation with finance about the AWS bill.

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Intuit Grows More Defensive, CCH Gets an IRS Extension, QuickBooks Live Quintuples, and Xero Has a New Americas President

Cloud Accounting Podcast

Sponsor Xero: [link] Show Notes 03:11 - Thanks for the reviews! Click here to leave a review on iTunes and we'll read it on the air. 05:44 - Elon Musk tells Tesla employees he'll review all of company’s expenses in new cost-cutting plan | FOX Business 07:20 - IRS statement and instructions regarding recent software outage | Internal Revenue Service 09:07 - QuickBooks Live Bookkeeping Update: May 2019 | Firm of the Future 15:29 - Intuit CEO in Internal Video: Hiding Free TurboTax Was In “Best Int

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How you can benefit in a BIG way with certification

AP Association

Working in the financial industry is a long-held dream for many. And it is not just a job, but rather a career where you can start out in one position and work your way up over the years. Some will find it easier and some more difficult, but most importantly, the manner in which one moves up the ranks will differ. Those that appear to have a smooth ride or generally find it easier to be promoted have usually undertaken a range of qualifications, certifying themselves.

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Are you joining us at APA Appreciation Week?

AP Association

The APA Appreciation Week is starting in less than 2 weeks… A whole week dedicated to Accounts Payable professionals, celebrating our awesome-ness! As a pivotal part of any team, we thought it was high time AP professionals were noticed and, most importantly, appreciated for the contribution to businesses all around the UK (and globally). You may have already seen a lot of hype online around this event and each day will have a slightly different focus, but to recap: Monday 13 th M

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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.

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Wolters Kluwer Cloud Tax Products Go Down for Almost a Week After Malware Attack

Cloud Accounting Podcast

This episode is sponsored by Xero. Xero Roadshow is coming to a city near you. Expand your knowledge and keep up with all things Xero. Show Notes 01:41 - Nicolas Cage Ponies Up $6.25 Million to Pay Back Taxes—But How Much Does He Still Owe? | E Online 03:14 - Wolters Kluwer takes services offline after malware attack | Journal of Accountancy 07:21 - What’s Behind the Wolters Kluwer Tax Outage?

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Grow Your Real Estate Company: What to Consider With AP Automation

AvidXchange

The real estate industry has evolved beyond maintaining portfolios and properties. Associations and property management organizations are focused on growth and revenue to keep up with demand for more commercial and residential properties. But they are also juggling the cost of maintenance, leasing, inspections, evictions and more on a daily basis, making it difficult to forge the right path toward that long-term growth.

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3 Ways Consumer Fintech is Informing B2B Payments Innovation

AvidXchange

Once upon a time, people primarily relied upon cash and paper checks to pay for goods and services. They drove to banks to move money in and out of their accounts. But thanks to the rapid evolution of payment technology, making purchases and moving funds with a thumbprint or a click of a button is the new normal. While successful strategies in the consumer-to-business (C2B) world won’t always translate to the business-to-business (B2B) space, it’s becoming increasingly clear that businesse

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How to Focus More on the Job, Less on the Paperwork by Automating the AP Process

AvidXchange

Skylines are changing, and around every corner a new construction project is underway. Companies need to be more efficient, spend wisely and allocate resources strategically to get jobs done. While efficiency is key, streamlining back-office processes often gets put on the back burner when the focus is on a jobsite. Construction companies like you can gain efficiencies by implementing strategic technology offerings.

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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

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How Intuit and H&R Block May Have Tricked Low-Income Americans into Paying to File Their Taxes

Cloud Accounting Podcast

Sponsor Xero: [link] Show Notes 01:43 -- It looks like Intuit and H&R Block have been employing some super-shady marketing tactics for years to charge people who should otherwise have qualified to file their taxes for free. Here’s everything you need to know about the ProPublica “Free File” investigation. For more, be sure to read “ Here's How TurboTax Just Tricked You into Paying to File Your Taxes ,” and " TurboTax Deliberately Hid Its Free File Page from Search Engines ”.

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5 Tech Developments Delivering Big Business Benefits for Real Estate Companies

AvidXchange

Property management firms have been handed a golden opportunity: the demand for rental property is on the rise and it isn’t expected to slow. According to a report from Harvard University, 60 percent of residents in major U.S. cities now rent their homes. Investors are responding by turning real estate investments into rental properties, leading to an increased need for property management services.