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Over the last 12 months, we’ve surveyed over 4,500 small business owners across the globe to find out how they’re managing cash flow amidst macroeconomic conditions such as high inflation and interest rates. The survey findings became a series of Money Matters reports that were released in Australia , Canada , New Zealand , Singapore , the United Kingdom and the United States.
Key Insight: With economic pressure increasing across the world in 2023, many organizations are leaning on their FinOps teams to help prioritize cloud optimizations. Reducing waste and managing commitment-based discounts unseated empowering engineers to take action as the top key priority for the first time. Teams are also investing in their forecasting capabilities to better predict cloud spend, and the cost of running AI/ML is expected to have a big impact on FinOps practices in 2024.
For a business, becoming a government contractor can open doors to a sea of lucrative opportunities – but these waters run deep with regulations, especially those set by the Defense Contract Audit Agency (DCAA). A critical cog in the machinery that is the U.S. Department of Defense (DoD), DCAA ensures that taxpayer dollars are used efficiently and effectively in the acquisition of defense-related goods and services.
You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.
Today, we announced a new initiative with Khan Academy that aims to empower educators and students with free financial education tools. With the help of Khan Academy, we’re working toward our goal of engaging 50 million students with free learning resources by 2030. Intuit and Khan Academy have a shared goal to provide free financial resources to all high school students across the United States.
We shared a number of product and tech updates at Xero’s Investor Day in Melbourne on how we are bringing new capabilities to help Xero customers run their operations and manage their finances more efficiently. However, with Generative AI (GenAI) being one of the more recent exciting and emerging technology developments, it was one of the big areas we wanted to share more detail around how we are approaching it and how we see it impacting accounting in the future.
We shared a number of product and tech updates at Xero’s Investor Day in Melbourne on how we are bringing new capabilities to help Xero customers run their operations and manage their finances more efficiently. However, with Generative AI (GenAI) being one of the more recent exciting and emerging technology developments, it was one of the big areas we wanted to share more detail around how we are approaching it and how we see it impacting accounting in the future.
Thanks to the teams at Microsoft Dynamics World and ERPSoftwareBlog , two of the biggest and best content producers for the Dynamics Channel, we are going to be featured in an upcoming Accounts Payable Automation Comparison Showcase.
When you have a small or mid-size business, one of the issues you can run into is not having all the departments a larger company would have. In other words, you might not have dedicated employees for HR, accounting, and other areas. Fortunately, there are ways to outsource a number of services, including client accounting services. This helps keep your company growing and succeeding, without the need to bring on more employees or overwork yourself to get everything done.
At Intuit, we believe that growth is a beautiful thing, not only for our company but for our employees as well. That’s why we’re thrilled to announce that Intuit was recently recognized as one of Canada’s Best Workplaces for Professional Development. This honor is followed by another recent accolade, being named on the Forbes list of Canada’s Best Employers 2024.
Speaker: Jason Chester, Director, Product Management
In today’s manufacturing landscape, staying competitive means moving beyond reactive quality checks and toward real-time, data-driven process control. But what does true manufacturing process optimization look like—and why is it more urgent now than ever? Join Jason Chester in this new, thought-provoking session on how modern manufacturers are rethinking quality operations from the ground up.
Financial data lies at the heart of any small business operation. Managing it can be a juggle, but there are an array of tools you can use to stay on top of this crucial information and better manage your cash flow and compliance. Depending on what stage of the business growth journey you’re on, some Xero-connected solutions are more appropriate than others.
The Internal Revenue Service would be able to implement changes to the Child Tax Credit within weeks, IRS Commissioner Danny Werfel told Congress, and send out tax refunds promptly.
Fidesic is simplifying how accounting pros solve their specific AP pain points with à la carte accounts payable solutions for Microsoft Dynamics GP or D365 Business Central.
The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.
In the modern business landscape, data is power. For business owners, entrepreneurs, and CEOs, QuickBooks stands as a beacon, illuminating the path with insightful dashboards that transform raw financial data into strategic insights. The mere mention of 'dashboard' may conjure images of speedometers and gauges, which is apt considering QuickBooks dashboards are designed to keep your finger on the pulse of your business functions.
Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary PRACTITIONER FOCUS : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners. DATA : Google Cloud added more metadata in BigQuery exports and went from having 40% of all costs covered by granularity to having 70% of costs covered by granularity, with plans to achieve 100%.
What is Accounts Receivable Automation, and how can you leverage it for your business? Introduction The efficiency and accuracy of your financial processes play a pivotal role in the success of your business. One such critical aspect is managing Accounts Receivable (AR). This encompasses a range of tasks, from sending invoices and confirming their receipt to chasing overdue payments and updating customer records.
Paying bills and getting paid on time are critical requirements for small businesses to effectively manage cash flow. However, this is still a very manual process for small businesses. Our Money Matters report found many small businesses utilize multiple payment strategies to manage their cash flow. To tackle this problem, we have announced a new partnership with BILL , a leading financial operations platform for small and midsize businesses (SMBs), to bring bill pay capabilities to our US custo
Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.
Join us on Leap Year Day! Are you empowering yourself with AI? Let's talk AI for Microsoft Dynamics ERP. How to take the AI reigns for the accounting department and learn about AI tools available in the Azure ecosystem.
In the fast-paced world of manufacturing, where efficiency and innovation reign, understanding and managing costs are paramount to success. Cost management isn't a mere back-office function; it's what ensures your products remain competitive, your operations sustainable, and your company profitable.
Key Insight AWS Cost Optimization Hub deduplicates competing recommendations from AWS cost optimization tools, so practitioners can optimize usage and rates simultaneously, and trust the savings number that they see is achievable. Summary Cost Optimization Hub : Cost Optimization Hub pulls recommendations from all AWS cost optimization products together and deduplicates competing recommendations, so customers can optimize usage and rates simultaneously, and trust the savings number that they see
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
Life moves fast in the cloud, mirroring the pace of our daily lives. In 2023, unpredictability defined everything from global events to economic trends. Cybersecurity, too, had its share of.
Financial Cents is excited to announce the release of the 2024 State of Accounting Workflow Automation Report. This second edition study explores the experiences and challenges faced by accounting, bookkeeping, and tax firm owners.
In my latest podcast episode, "How AI is Transforming and Disrupting Audit," I had the pleasure of speaking with Rob Valdez about the impact of artificial intelligence and generative chatbots, like ChatGPT, on the audit profession. We delve into how these technologies are not just automating routine tasks but are also revolutionizing how we train staff, improve quality, and save time on substantive testing.
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.
In the past few years, there has been a significant surge in the growth of e-commerce businesses. With the emergence of new companies and the adaptation of brick-and-mortar stores to online platforms, the demand for online purchasing is being met through various online sales channels.
Key Insight AWS Cost Optimization Hub deduplicates competing recommendations from AWS cost optimization tools, so practitioners can optimize usage and rates simultaneously, and trust the savings number that they see is achievable. Summary Cost Optimization Hub : Cost Optimization Hub pulls recommendations from all AWS cost optimization products together and deduplicates competing recommendations, so customers can optimize usage and rates simultaneously, and trust the savings number that they see
Being targeted by a cyber-attack isn’t just embarrassing; it can also bring significant consequences for your business. As per PwC, the Accounting industry is at a 30% higher risk of.
We sat down with Kassandra to get her thoughts on being a Top 25 Up-N-Coming ProAdvisor, her journey, path to success, and how she’s a support system for her clients.
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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