April, 2022

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How to optimise accounts payable the easy way

AP Association

For many years, businesses have viewed accounts payable as a routine but necessary back-office task. Invoices come in and, eventually, money goes out of the company bank account. However, that old way of looking at it negates the importance of cash flow and expenses. You’d prefer the process to be as inexpensive and accurate as possible. Even if you have a great team, failing to put the right system in place could get you in trouble.

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Accounts Payable: Benchmarking your KPIs

The Institute of Financial Operations

Do a quick litmus test on your current Accounts Payable (AP) processes: How many FTEs in Accounts Payable? How many invoices do you process per annum? This provides you with the number of invoices processed per FTE per annum. According to analysts, high performing AP departments outperform all others and process 27,097 invoices per FTE, per annum (APQC).

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6 ways to support the work-life integrators and segmentors on your team

Atlassian

5-Second summary. Work-life balance is highly desired but often elusive, especially for managers trying to accommodate their employees. Most individuals are either work-life segmentors (who strictly separate their professional and personal lives) or work-life integrators (who switch between work and personal tasks throughout the day). Self-awareness of where one falls on the segmentor-integrator spectrum can help individuals (and their managers) identify strategies for achieving the ideal work-l

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The Top 5 Harness.io Alternatives & Competitors (Updated 2022)

CloudZero

Harness.io is one of the most popular platforms today for automating continuous delivery (CD). The platform enables engineers to rapidly build CD pipelines (Harness Smart Automation), automatically verify code changes to reduce rollbacks (Harness Continuous Verification), and deliver enterprise-grade security (Harness Continuous Security) for teams of all sizes.

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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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The Definitive Accounting Workflow Guide

Future Firm

In this article, you’re going to learn about what an accounting workflow is, the purpose your workflows serve in your firm with 9 key workflows that you can optimize in your accounting firms. Let’s go! What is a Workflow? Your organization has a variety of critical tasks that need to be completed on an ongoing basis. A workflow is therefore the sequence of steps required to move a task from beginning to end in order to complete it.

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Newly qualified – the NIMBL Intelligent Accounts Payable SAP-qualified partner-packaged solution

SAP Accounts Payable

Accounts Payable can be complicated and sometimes requires a meticulous, complex process. Issues that arise can have real financial impacts. Do you want to know how one of our SAP Partners simplifies such processes and how obstacles can be overcome? After having attended the Hack2Build SAP S/4HANA Cloud Side-by-Side Extensions last year, and working closely with the SAP Co-Innovation Lab and the SAP product team, our SAP Partner Nimbl published its winning use case in January 2022 conveying the

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Stumbling Towards FinOps

Azure FinOps

Change takes time. The transition from one paradigm to another is never as quick as we’d like, or as it seems in memory. Today, it’s difficult to recall the resistance public cloud, as a method for providing key services such as computation and database, faced in an earlier stage. With this in-mind, let’s consider the difficulties I’m seeing in the field as organizations struggle (I think that’s the right word) to adopt FinOps principles to their cloud usage.

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Introducing Atlassian Data Lake and Atlassian Analytics

Atlassian

Subscribe to Work Life Get stories about tech and teams in your inbox Subscribe. Over the last few years, the workplace has changed dramatically. Organizations and teams have had to move from in-office to remote to hybrid work fluidly while producing the right outcomes for their customers, investors, and employees. All this has not been easy. Our research has shown that only 17% of teams are healthy , and given Atlassian’s mission is to help unleash the potential of every team, we want to help.

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The 10 Best AWS Cost Monitoring Tools (Updated 2022)

CloudZero

AWS cost monitoring tools enable you to track your resource consumption and costs associated with running operations on the AWS platform. These tools vary in capabilities, but they typically offer customizable reporting, dashboarding, data analytics, built-in automation, and cost alerting.

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My biggest lessons learned after doing hundreds of QuickBooks Online cleanups

5 Minute Bookkeeping

Are you taking on a QuickBooks Online cleanup and looking for some helpful tips? After doing hundreds of QuickBooks Online cleanup projects, I have pretty much seen it all by now. I have made my share of mistakes, but I have certainly learned a lot of valuable lessons along the way. Every cleanup has it’s own unique challenges, but there are some key factors to help set you up for success from the start.

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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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A Deep Dive into Basis Periods with Paul Aplin OBE – Pt. 2

Dext

We invited Paul Aplin OBE back for a second deep dive into Basis Periods. In part two, Paul answers your questions off the back of the first edition. From MTD, to software capabilities, and the impact on tax deadlines, Paul leaves no stone unturned.

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How to Upload Transactions into QuickBooks Online with a CSV File

XY Bean Counters

4 MIN READ If you’ve ever logged in to QuickBooks Online (QBO), you’ve likely seen the time-saving feature that is the banking feed. By establishing a connection to your bank accounts, your transactions can flow directly into QuickBooks for review, avoiding the need for manual entry. While this feature is convenient and functional most of the time, like all technology, there may be situations in which the QBO connection to your bank is down.

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Stumbling Towards FinOps

Azure FinOps

Change takes time. The transition from one paradigm to another is never as quick as we’d like, or as it seems in memory. Today, it’s difficult to recall the resistance public cloud, as a method for providing key services such as computation and database, faced in an earlier stage. With this in-mind, let’s consider the difficulties I’m seeing in the field as organizations struggle (I think that’s the right word) to adopt FinOps principles to their cloud usage.

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Viva Las Vegas… and Team ’22!

Atlassian

Subscribe to Work Life Get stories about tech and teams in your inbox Subscribe. What a feeling to be standing on stage once again. This year’s TEAM, we’re coming to you live from Vegas or via our digital experience for those watching along from your office or living room. Thank you to you , our customers and partners, for taking the time out of your day wherever you may be to connect with us.

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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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15 Best Cloud Computing Tools (Updated 2022)

CloudZero

Cloud computing empowers organizations to access IT resources on-demand, over the internet, and on a pay-per-use basis. Thus, your company does not need to purchase, install, operate, and upgrade hardware for physical data centers.

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Financial Services Industry Experiencing Spending Slump, Data Reveals 

AvidXchange

New data from our AvidPay Network revealed s pending by middle market companies on financial services has slowed during the past nine months after steadily rising through the height of the pandemic. This trend is one of several captured by our Middle Market Spending Trends Report , which analyzes millions of payments made by middle market businesses each quarter.

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The Great Accounting Shift – What Does The Change Look Like?

Dext

Technology and automation is changing the way the accounting industry operates. Accountants and bookkeepers are an essential part of business digitisation, thanks to the growing number of software available to manage large workflows. This represents an anticipated evolution of the accounting landscape, that’s now seeing accountants and bookkeepers shift from standard compliance to tech advisory.

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How to Upload Transactions into QuickBooks Online with a CSV File

XY Bean Counters

4 MIN READ If you’ve ever logged in to QuickBooks Online (QBO), you’ve likely seen the time-saving feature that is the banking feed. By establishing a connection to your bank accounts, your transactions can flow directly into QuickBooks for review, avoiding the need for manual entry. While this feature is convenient and functional most of the time, like all technology, there may be situations in which the QBO connection to your bank is down.

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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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Developing a FinOps Mindset (using Azure tools with costs in mind)

Azure FinOps

One of the best ways to learn about the components of an Azure service and how those components fit together is by building on a tenant and taking note of how things unfold. I keep a personal tenant for this reason; something I recommend as a learning tool. But! Just as it’s important to track costs using FinOps principles in an organization’s Azure estate, it’s (obviously) just as important to do the same for your test environment.

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Top 6 Employee Business Expense Trends To Look Out For

Oversight

Employee business expenses have evolved over the past few years. S ome employees continue to from home, and others have new “hybrid” work schedules. Travel spend is (still) down in general, but the risk of wasteful and unnecessary spend still exists. To push forward, we must look at our past spending decisions to identify where improvement in business expense policies and compliance training is needed.

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AWS Savings Plans Vs. Reserved Instances: When To Use Each

CloudZero

AWS introduced Savings Plans about a decade after launching Reserved Instances (RIs). AWS designed Savings Plans to be more flexible than RIs, resulting in less risk of vendor lock-in, over-provisioning, or underutilizing AWS services.

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Future-Proofing the Office of the CFO: A Conversation with Alpana Wegner, CFO at Benefitfocus

AvidXchange

I understand it’s getting tiresome to continue talking about the global pandemic we’ve all lived through over the last two years, but it’s undeniable how much it’s changed the way we work and live, especially for finance professionals. With that in mind, I’ve set out to talk to CFOs and other financial leaders from across the United States about how they’re adapting their management style and outlook on innovation and technology in new market conditions.

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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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Why Your Firm Should Pivot Your Services from Yearly to Monthly

Dext

As we enter into the final crunch of tax season, it can be a demanding time for both clients and accounting firms. This is the peak period where accounting firms are in frequent communication with their clients. However, this constant communication offers a great opportunity for accounting firms to grow post-tax season.

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Here’s What You Need to Know About Proposals in FreshBooks

FreshBooks

Please note: Proposals are only available to those on Plus and Premium plans. Let’s say you’ve just been asked to submit a proposal for a client you’d love to land—but you have a million other things on the go. Whether you’re breaking ground at a construction site or working on final revisions for stakeholders, it […] The post Here’s What You Need to Know About Proposals in FreshBooks appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.

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Developing a FinOps Mindset (using Azure tools with costs in mind)

Azure FinOps

One of the best ways to learn about the components of an Azure service and how those components fit together is by building on a tenant and taking note of how things unfold. I keep a personal tenant for this reason; something I recommend as a learning tool. But! Just as it’s important to track costs using FinOps principles in an organization’s Azure estate, it’s (obviously) just as important to do the same for your test environment.

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How Oracle ERP Users Can Reduce their Cost to Process an Invoice

IPS

It costs most businesses a lot of money to process invoices, even those that use the Oracle ERP.

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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 Must-Know Tips For Tracking Cloud Spend In 2022

CloudZero

Businesses both small and large use cloud services to help maintain their data. But managing cloud services — and making sure you stay within your budget — can be a challenge.

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Real Talk With The Real Estate CPA

Earmark Accounting Podcast

Thank you to our sponsors Accountests: [link] BooksTime: [link] Sign up to get free CPE for listening to this podcast [link] Download the Earmark CPE App Apple: [link] Android: [link] Connect with Our Guest, Brandon Hall LinkedIn: [link] Learn more about Hall CPA PLLC Company website: [link] Connect with Blake Oliver, CPA LinkedIn: [link] Twitter: [link] Brandon Hall built a marketing funnel that gets his firm 400 inbound inquiries per month translating to 30-40 new tax planning clients.

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Steve Jobs’ Genius Accounting Move

Cloud Accounting Podcast

Sponsors Digits: [link] Synder: [link] Relay: [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Show Notes 4:35 – Accounting Twins Podcast [link] 7:37 – What is Disney World's 'special district'? - The Fulcrum [link] 18:35 – Details on New Hires, Most In-Demand Service Lines, CPA Exam Numbers, and More From the Latest AICPA Trends Report - Going Concern [link] 45:21 – Scuffle sparked at Accounting Act reform mee

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Ep. 180: Jim Rafferty - The Business of Gratitude

IMA's Count Me

Contact Jim: [link] Full Episode Transcript: Neha: (00:05) Welcome back to Count Me In, IMA's podcast about all things affecting the accounting and finance world. This is your host Neha Lagoo Ratnakar bringing you episode 180 of our series. In today's episode, our guest is Jim Rafferty. Jim is a marketing and communications consultant and the author of Leader by Accident.

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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.