February, 2021

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Should You Build Your Own Cloud Cost Optimization Tool?

CloudZero

This is a follow up to a blog series where we explore DIY cloud cost management, monitoring, and optimization tools. In the first, we investigated how Lyft, Netflix, Segment, Expedia, and Slack built theirs. Check it out here.

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How to Process Invoices when Staff Work Remotely

IPS

It will be hard for accounts payable leaders to achieve incremental process improvements unless they digitize the way their department receives, approves and posts invoices when staff work remotely.

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Construction Industry Opportunities & Realities in 2021

AvidXchange

Coming out of 2020 – one of the most turbulent economic years in history –the construction industry faces several market realities and technology challenges, as well as exciting opportunities. The pandemic caused widespread project delays, job cancellations and payment delays to contractors and subcontractors. There were shortages of products and materials.

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Welcome to Dext

Dext

From today Receipt Bank is now – and Dext is so much more. But what is Dext and what does this mean for you? What’s Dext? Dext is the new name for our company. We make accountants, and the businesses they advise, more productive, profitable and powerful with better data and insight.

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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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Living Paycheck to Paycheck? 7 Tips for Avoiding Extra Fees

Bookkeepers.com

Living paycheck to paycheck is exhausting. As soon as your paycheck comes in, you have to spend it all on necessities like rent, utilities, insurance, and paying off debt. There’s usually little, if anything, left for savings or recreational activities. Then, something even worse happens: you’re hit with a fee. You might have missed a … Living Paycheck to Paycheck?

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Transforming Enterprise Accounts Payable Workflows with Intelligent Automation

SAP Accounts Payable

As businesses measure their growth based on revenue and expense cycles, accounts payable’s invoice payment activities can have a large impact on these cycles. Invoice processing is a key part of the procure-to-pay life cycle that makes up a company’s expenditure cycle. The payable process generally involves receiving and validating invoices, capturing and coding the data on the invoice, invoice matching, approvals, payment, and financial posting.

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Spend Risk Examined: A Culture of Compliance

Oversight

In the fifth installment of Oversight's "Spend Risk Examined" podcast, Chief Client Officer Nathanael L'Heureux shares the benefits of building a culture of compliance and the steps to creating one.

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Healthcare Staff Management in the New Normal

RevCycle

The role of a manager is to support employees—and that includes supporting their mental health. As we move into the new normal following the COVID-19 pandemic , that will be especially true for healthcare staff management. Not only were healthcare staff on the front lines of the pandemic, they had to adapt to the rapid adoption of new modalities and technologies, such as automated workflows, digital communication, and telehealth.

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Construction Industry Expects Strong 2021 Despite Distinct Challenges, Survey Finds

AvidXchange

The construction industry’s biggest challenges to growth this year include project delays, shortages of skilled workers and less access to building products and materials. But it isn’t all bad. Despite the undeniable challenges, the industry has several opportunities for a prosperous year. More contractors are confident the market will offer new business opportunities in next 12 months and have hiring plans that reflect that belief.

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5 Things Not to Do on a Virtual Accounting Interview

accountingfly

You landed an interview for a new accounting job. Congratulations! Odds are that it’s a virtual interview (according to a Gartner Survey in April 2020 , 86% of interviews are currently virtual due to coronavirus). Virtual interviews are here to stay, and they are the standard when interviewing for a remote accounting job – the new normal. The question is, how can you avoid messing up a virtual accounting interview?

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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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How to Build an Internal Finance Team that Doesn’t Need You

FinOps.ie

Small business owners often find themselves wearing all the hats in their business, juggling daily tasks that range from sales through to purchasing and daily finance operations. The problem is that if you want to grow your business intentionally, the ‘I’ll oversee everything myself’ model is simply not sustainable. The internal finance function in your business is its lifeblood.

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How Do You Measure Technical Debt? (and What To Do About It)

CloudZero

Technical debt is an important — but often unclear — concept for engineering teams. In software development, technical debt, also called code debt or tech debt , is defined as the cost of refactoring a piece of code or system to keep it working efficiently.

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Project Management: Scope

SMB Accounting and Consulting

When your company has the opportunity for a new project, it can be very tempting to accept any offer that comes your way. However, it is important that the scope of the project is carefully reviewed and analyzed in conjunction with your accountant or accounting department to make sure that the objectives are in line with company goals and perform a risk assessment to ensure tolerable risk.

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Improving Employee Compliance & Policy Awareness to Minimize Spend Risk

Oversight

Due to the pandemic and the resulting increase in remote work, a great deal of new spend risk is floating around today’s organizations.

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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 Integrate AP Automation with Your Media Planning Software

IPS

Buying ads doesn't sound so hard. But the reality of paid media is much different.

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Ep. 112: Miguel Molina - How has Finance become an Accelerator for Change?

IMA's Count Me

Contact Miguel Molina: [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 today's conversation will cover the topic of leadership and how finance leaders accelerate change. In episode 112 of our series, Miguel Molina, CFO at Avocados from Mexico talks about his career journey and what he has been able to overcome and accomplish through effective leadership and cha

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Getting The Most out of Dext with Michael Shafman CEO NexCloud Consulting

Dext

At Dext, we ask the hard questions for you to help share some of the best tips possible for advancing your practice. We’ve worked with one of our partners Michael Shafman, CEO of NexCloud Consulting, to cover some of the topics we know you are curious about.

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7 Reasons Engineering and DevOps Teams Love CloudZero

CloudZero

CloudZero is a cloud cost intelligence solution that puts engineering in control of cloud cost. We set out to disrupt the cost management and optimization space by building a solution that was designed around the way engineers work — so cost becomes a tradeoff during the software development process, rather than a massive disruption.

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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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Your Guide to Automating Accounts Payable

AvidXchange

It may seem like a big undertaking to go about automating accounts payable processes throughout your business. To help, here’s a quick guide, and some actionable steps you can take. Why should I consider automating accounts payable? You may want to consider accounts payable automation if you’re looking to streamline operations, lower costs and deliver more personalized services to customers.

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Deloitte Canada Gives Up On CAS

Cloud Accounting Podcast

Sponsors BQE CORE: [link] Bookkeep: [link] BooksTime: [link] Show Notes 1:00 - Welcome back, Rachel Fisch! 2:40 - MNP to acquire subset of Deloitte business to expand footprint in select locations across Canada [link] 9:31 – Episode 49 Discussion about KPMG back in December of 2018 [link] 14:49 - EY U.S. Chair Kelly Grier Is Super Excited About EY’s Super Bowl Ad, You Guys [link] 15:15 – Take a listen to EY’s Super Bowl Ad 16:00 - Same year that EY elected to forgo performance based

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Why Professional Auditing & Accounting Firm Are Important For Your Business?

Billah and Associates

If you want an accurate evaluation of your financial position, you need an accounting auditing firm. Not every business has enough resources to audit its accounts. Accounting ensures that you have proper data of your income & expenditures, assets, liabilities, investments, and much more. It provides a complete overview of how your finances stand at a particular date.

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Ep. 111: Serena Wolfe - How do CFO's influence ESG?

IMA's Count Me

Contact Serena Wolfe: [link] FULL EPISODE TRANSCRIPT Mitch: ( 00:00 ) Hello and welcome back for another episode of Count Me In. Mitch Roshong here with you again and today you'll be hearing my co-host Adam speak with Serena Wolf about CFO role in implementing an ESG agenda. Serena is CFO of Annaly Capital Management and has over 20 years of experience in accounting.

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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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Helping a start-up scale up

Dext

Massive Rocket used our platform to scale effectively by reducing the number of hours wasted processing expenses from a team that operates around the world. Founder and CEO Thierry Sequiera speaks about moving from a month-end model to one that operates in real-time – and how easy it was to get there.

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How CloudZero Built an Engineering Culture of Cost Autonomy

CloudZero

As a cloud cost intelligence company, we often like to say “every line of code is a buying decision”. If you’re running on AWS or one of the other big cloud providers, you know that a simple decision about how to architect an application can have a significant impact on your future cost of goods sold (COGS).

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Is Paperless Accounts Payable Right for Your Business?

AvidXchange

Your business may believe it’s time to consider shifting to an automated and paperless accounts payable (AP) process. But how can you be better informed and more confident this is the right move to make for your company? What factors should you more carefully weigh? Here’s a rundown of the questions you’ll want to answer and issues you’ll need to address.

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Crypto Update with Shehan Chandrasekera & Dr. Sean Stein Smith

Cloud Accounting Podcast

Guests Shehan Chandrasekera, CPA [link] CPA Practice Advisor 40 Under 40 honoree Head of Strategy for Tax at CoinTracker Dr. Sean Stein Smith, CPA [link] Assistant Professor at Lehman College (CUNY) Founder at Company NameInstitute for Blockchain & Cryptoasset Research Show Notes 2:55 - Bitcoin to Come to America’s Oldest Bank, BNY Mellon [link] 4:49 - Tesla Buys $1.5 Billion in Bitcoin: What Could Possibly Go Wrong?

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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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Miranda

RevCycle

I have been part of the RevCycle team for a little over a year not and have enjoyed every minute of it. They provided me with all the tools and training I needed to succeed and feel comfortable working in this new environment. Since joining the team, I have had the opportunity to advance my knowledge and continue to grow in my role. I look forward to more opportunities in the future!

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WEBINAR: How to Manage and Motivate Your Remote Accounting Team

accountingfly

How do you manage a remote team? And is it different than my office-based team? YES. In 2020 we found ourselves suddenly remote and had to make adjustments on the fly. As you plan your firm’s 2021, we’ll help you optimize your remote accounting team, including how to motivate and manage remote staff, how to organize and communicate with your team, and how to increase productivity Join Accountingfly Co-Founder, Jeff Phillips , as he walks you through how to optimize your remote accoun

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Spend Risk Examined: Life in the Fast Lane-Crazy Employees Expenses

Oversight

In the next chapter of our “Spend Risk Examined” podcast, Oversight’s Client Engagement Manager, Beverly Kays, deep dives into the unbelievable things that employees are buying on the company’s dime. Our fourth episode, Life in the Fast Lane…The Crazy Things Employees Expense, is now live and ready for listening at info.oversight.com/podcast.

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Finance: This Is Why Your AWS Bill Seems So High

CloudZero

It’s no secret that AWS bills are confusing.

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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.