July, 2021

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The DNA of an Accounts Payable Department: By Alistair Nicholas, Managing Director, Esker Northern Europe

AP Association

The Accounts Payable (AP) function is a critical backbone for managing cashflow and fostering business resilience within an organisation – but what of the people, processes and environment that make up AP? In conjunction with Jamie Radford, the founder of Accounts Payable Association and APTV, Esker have created a series of short videos, looking not only at this genetic make-up, but also how AP has changed across the past 10 years, and will continue to do so into the future.

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How To Create A Cloud Center Of Excellence (CCOE)

CloudZero

Establishing a Cloud Center of Excellence (CCOE) is an important milestone in every company’s cloud computing journey. While it is usually not the first milestone — which is focused on delivering value to customers — this milestone is reached as the company grows and scales.

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How Continuous Audit Tech Will Save Your Business Money Now

Brigade

It happens all the time. There’s a gym membership you’ve been meaning to cancel. You still subscribe to streaming channels that you don’t watch anymore. And slowly but surely, you are losing money and creating a budgeting nightmare. All those unnecessary recurring charges add up– yikes!

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How to Maximize Profitability Outsourcing Your Books

SLC Bookkeeping

What we are going to look at today is how to maximize profitability by outsourcing bookkeeping. Profitability is more than just revenue minus expenses. It can be difficult to see how spending money ultimately creates more value and wealth in a business, but we'll break down how it saves time, increases overall revenue, and can help you maximize the profitability of your business.

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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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Tips for taking on a massive Undeposited Funds cleanup in QBO

5 Minute Bookkeeping

If you’re looking for the best tips for taking on a massive undeposited funds cleanup in QuickBooks Online, this is the blog post for you. You may have recently taken on a QBO cleanup client and noticed that they have hundreds of old transactions in undeposited funds. Before you attempt to clean it up, let’s take a look at what you need to know so you can take on this project with confidence.

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My Ten Craziest Payables Stories

Oversight

An excerpt from “The Autobiographical Account of the World’s Most Controversial Employee” I have to confess: I’m not the only one living big. Indeed, there are thousands of us riding the lack of institutional control over fraud, misuse and waste to great advantage at my company, and indeed throughout the endless landscape of the 21st-century industry.

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What Is AWS Monitoring? 8 Best Practices To Get You Started

CloudZero

Migrating to the cloud provides cost, scalability, performance, maintenance, and other engineering and IT benefits. Today, Amazon Web Services (AWS) stands out as the most popular cloud platform, offering an advanced public cloud with robust services that are easy to integrate with your existing workflows.

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Why Your Organization Needs Structured Payment Plans

RevCycle

Healthcare consumerism and patient responsibility have seen a coinciding rise over the last decade plus. The COVID-19 pandemic served to exacerbate the difficulties many patients face with their out-of-pocket balances. The following excerpt is from a recent Forbes article : “ According to interviews AccessOne conducted with 47 healthcare billing executives, 43% of providers reported increases in patient requests for payment plans even as hospitals face their own financial struggles, and 40% repo

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Ep. 133: Hilla Sferruzza - The CFO's Four Lines of Sight

IMA's Count Me

Contact Hilla Sferruzza: [link] Meritage Homes: [link] FULL EPISODE TRANSCRIPT Adam (00:05): Hey, everyone. Welcome back to Count Me In. IMA's podcast about all things affecting the accounting and finance world. Adam Larson here with you again, and I'm pleased to introduce today's featured guest speaker Hilla Sferruzza. Hilla is the CFO of Meritage Homes and spoke with my co-host Mitch about the role of today's CFOs.

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Intuit TurboTax Drops Out of IRS Free File

Cloud Accounting Podcast

Sponsors Practice Ignition: [link] AFO Wealth Management Forward: [link] Odoo: [link] Show Notes Live from NOLA – The Cloud Accounting Podcast is on the road again! 5:25 – Banks Are Reversing Course on PPP Loans to Small Business Owners [link] 6:47 – We’ve got Voicemail! Thank you, Ray! 7:32 – This Way to CPA [link] 9:15 – TurboTax-Maker Intuit Will Leave Free Tax Filing Partnership With IRS [link] 13:20 – Accelerating Technology Innovation to Better Help Consumers Solve Their Most Pr

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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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Spend Risk Examined: CFOs, Spend Optimization, and Shifting Tides in Tech

Oversight

Oversight released a new episode of its podcast series, “Spend Risk Examined”, which discusses our recent study commissioned by Oversight and conducted by Forrester Consulting, entitled “Minimize Risk and Maximize Gains Through Spend Optimization Solutions.

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CFO Survey Reveals Widespread Support for AP Digitization

AvidXchange

A staggering 96 percent of CFOs can’t be wrong, right? Let us explain. A recent survey conducted by PYMNTS.com and VersaPay polled 400 chief financial officers (CFOs) to find out what they’re thinking about a wide range of timely and important business and technology issues. From how much they use digital accounts payable (AP) processes, to invoice and payment processes they want to digitize, to the biggest obstacles they’re facing, this is a full-blown exploration of the current state of mind o

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Kubernetes Monitoring Explained: 10+ Tools To Get You Started

CloudZero

Kubernetes is the platform of choice for orchestrating containerized applications. It’s ideal for large applications running on distributed instances. But you likely already knew that because if you are weighing Kubernetes monitoring tools, you know what Kubernetes (K8s) is and why it is useful.

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7 Ways A Financial Audit Will Help Keep Your Business On Track

Brigade

Success starts with a good financial strategy.

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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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Ep. 131: Marco Otti - Budgeting Revisited

IMA's Count Me

Contact Marco Otti: [link] Budgeting Revisited: [link] FULL EPISODE TRANSCRIPT Mitch: (00:00) Welcome back to Count Me In, IMA's podcast about all things affecting the accounting and finance world. I'm your host Mitch Roshong and this is episode 131 of our series. For today's conversation my co-host Adam spoke with Marco Otti about possible solutions in different approaches to budgeting.

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The End of the Beginning for Cloud with Ben Richmond of Xero

Cloud Accounting Podcast

Follow Ben Richmond [link] [link] Get in Touch Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes , or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus , and NOW, you can see our smiling faces on Instagram !

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July Spend Insights Report Depicts State of Business Travel

Oversight

Oversight continued to observe notable shifts in spend behaviors and trends in the recent months. As the vaccination rate increases, business travel begins to recover and new spend patterns and potential risk emerge. In our July Spend Insights Report, we shared findings uncovered in the second quarter of 2021.

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Robotic Process Automation: The Meaning, Myths & Truths of RPA

AvidXchange

There are several misconceptions about robotic process automation (RPA), how it works and why it’s important in the context of accounts payable (AP) automation. We’re here to address those misconceptions, reveal the truth and outline how RPA can benefit your business and the market. Robotic Process Automation Misconceptions There’s a tendency to think about RPA through a narrow technological lens as a software tool for automating repetitive work processes.

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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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What Is FinOps? And How Does It Compare To DevOps?

CloudZero

Every couple years, it seems the tech industry mashes together different team names to make up the latest discipline — whether it’s DevOps, DevSecOps, AIOps, or most recently, NoOps. The names can seem eye roll-worthy at first.

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5 Benefits of Digital Accounting with Precision

Dext

My specialism is getting people onto cloud accounting systems, and making sure they use it in the best way.

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Ep. 130: Keith Terreri - The Intersection of a CFO & CIO

IMA's Count Me

Contact Keith Terreri: [link] NEC Corporation of America: [link] [link] FULL EPISODE TRANSCRIPT Adam: (00:05) Welcome to episode 130 of Count Me In, IMA's podcast about all things affecting the accounting and finance world. This is your host, Adam Larson and today I'm pleased to introduce our featured guest speaker, Keith Terreri. Keith is the Chief Financial Officer and Senior Vice President of corporate operations, and IT for NEC Corporation of America.

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Ted Callahan, Accountant Leader at Intuit, Talks QuickBooks Price Changes & More

Cloud Accounting Podcast

Follow Ted Callahan [link] [link] Sunset TradeGecko [link] Get in Touch Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes , or Podchaser. Interested in sponsoring the Cloud Accounting Podcast?

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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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ACCOUNTS PAYABLE RECOVERY AUDITS – WHAT ARE THEY AND WHY SHOULD THEY BE CONSIDERED A BEST PRACTICE?

The Institute of Financial Operations

WHAT IS AN ACCOUNTS PAYABLE RECOVERY AUDIT? Quite simply, it is a review of your Accounts Payable historical data for the purpose of identifying and recovering funds paid to your vendors and suppliers resulting from overpayments and under-deductions. The reasons for these erroneous payments are numerous and areas of recovery can include duplicate or wrong payments, open/unapplied supplier credits, unrecorded accruals/rebates/allowances, contract/purchase order terms compliance, pricing errors, m

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Accounts Payable Olympics: Can Your AP Team Take Gold in These 8 Events?

AvidXchange

In corporate financial departments, and throughout accounts payable (AP) managers’ homes, and just about everywhere, people are enjoying the Summer Olympics in Tokyo. Not coincidentally, a similar and concurrent rise in Olympics enthusiasm is buzzing in business and technological innovation hubs all over the accounts payable (AP) arena. Rocking a starring role, and positioned at center court, is AP automation.

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What Is Container Orchestration? (+ 4 Top Container Tools)

CloudZero

Containerization is gaining traction across nearly all industries and company sizes worldwide. In fact, the 2019 edition of Portworx’s annual Containers Adoption Survey report showed over 87% of surveyed organizations were using container technologies. Over 90% of them use containerization in production.

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Middle East Shifting Focus Toward Renewable Energy to Boost Economy

NACM

The Middle East has relied on the production and distribution of oil for decades to sustain its economy. Now, with GDP projecting a decrease in oil and non-oil growth in the coming years, that production is expected to decline as the Gulf region prepares to invest more in renewable energy sources."We reject the false choice between preserving.

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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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Ep. 132: James Stark - CFO Skills and Competencies

IMA's Count Me

Contact James Stark: [link] FULL EPISODE TRANSCRIPT Adam (00:00): Welcome back to Count Me In , IMA's podcast about all things affecting the accounting and finance world. I'm your host, Adam Larson and today I will be previewing a conversation between my co-host Rouba and her special guest, James Stark. In this episode, James shares his insight and views on the challenging global landscape and the must have skills for CFOs.

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Every App Wants A Slice Of The Payroll Pie

Cloud Accounting Podcast

Sponsors Odoo: [link] Dark Horse: [link] AFO Wealth Management Forward: [link] Show Notes 2:49 – Blake and David talk high-tech dining 10:00 – A listener voicemail about the CPA get/not get issue! Thanks, Byron! 16:54 – Proposed bill to regulate tax preparers has AICPA support - Journal of Accountancy [link] 19:41 – Taxpayer Advocate prods IRS to improve service, reduce backlog [link] 21:43 ­– Why call the IRS when you call us and tell us your CPA and IRS troubles?

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Why SaaS Companies Are Reporting Weaker Margins Than They Need To

CloudZero

SaaS companies are known for their strong margins. With gross margins typically in the 60-90% range, even SaaS companies with comparatively weaker margins have a compelling business model when compared with most other industries.

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AWS Lambda Explained: The Complete Guide To Using Lambda

CloudZero

Amazon Web Services (AWS) offers over 200 services. But AWS Lambda continues to stand out for several reasons. This AWS Lambda tutorial will help explain Lambda in simple terms so you can decide if the service is suitable for your computing needs.

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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.