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Technology advancements are continuously reshaping not only the way we work, but fundamentally how we operate across nearly every industry. With new innovations unlocked almost daily — each with a unique promise to transform how we do business — how do busy small businesses and their advisors separate the fad from the fancy? We’ve been doing a lot of thinking about this recently, and it’s a priority for us this year to help demystify some of these trends and shine a light on those which could be
Over the last few years, the rapid acceleration of accounting technology has redefined the way businesses go about their bookkeeping, operations, and more. This ramp-up in technology has caused a rise in the need for professional outsourced services and automation opportunities, however, business owners are still facing some challenges that can be avoided in 2023.
Erik Carlin, co-founder and CPO at ProsperOps, recently joined the FinOps Guys podcast to share his take on FinOps metrics including Effective Savings Rate (ESR). The discussion centered on the evolution of automated cloud financial management and the establishment of a metric to track true cloud savings. Read on to learn why ProsperOps has introduced ESR as the single most important cloud savings metric.
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The retirement of old reports is now only a little over five months away. If you’re like many small business owners and advisors, you’re probably starting to seriously think about how this will impact your day-to-day work. We’ve answered some of your most common questions, so you can feel confident about switching to new reports before 31 July 2023.
Upgrading a business to move away from manual processes or shift away from dated and clunky software may seem like a daunting task to a business owner. However, making the switch is an upgrade that will provide a central database for an entire company, valuable reporting potential, and a host of other benefits.
The new tier will enable accountants to get all their QuickBooks transaction questions resolved from their clients quickly and easily—and the subscription is free.
It’s that time of year again. As summer winds to a close, the days will start getting shorter as the workload ramps up. For those working in payroll, that can only mean one thing: year end is approaching. There are four key changes in New Zealand payroll calculations for the new financial year: Adult minimum wage will increase to $22.70 per hour from 1 April 2023 The annual ACC earner levy rate is increasing from 1.46 percent to 1.53 percent The annual ACC earner levy threshold is increasing to
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Looking for one of the top digital marketing strategies to help potential clients easily find you? Then you’ll want to read the rest of this article on SEO for accountants. In this article, you’ll find out: What SEO for accountants is Why it’s important for your firm’s growth 14 practical tips & tricks to boost your website to the top of Google Let’s go!
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Murph brings you up to date on the vision that is the QuickBooks Business Network. While it's not fully capable yet, it's getting there, and appears to be heading in the right direction.
No doubt that you’ve seen for yourself that having quick access to capital is vital for keeping your business running smoothly. One way to get funding in a hurry is short term financing. It can help business owners cover unexpected costs or losses, bridge cash flow gaps, or take advantage of timely opportunities while limiting […] The post 6 Short Term Financing Options for Growing SMBs appeared first on FundThrough.
When you agree to do business with another company, the expectation is that you'll provide goods or services, and they'll pay in a timely manner. Providing the goods or services costs your company in overhead, salaries, expenses, and more. So what happens if your client doesn't pay on time or at all? Is there anything you can do to get paid or prevent late payments?
Streamline Your Claims Management Process with Epic and SSI Integrations [Live Webinar] Back by popular demand! The SSI Group, LLC (SSI) invites all hospitals and health systems that run Epic as their HIS to a webinar specifically designed to showcase the integrations between our systems. Learn how to simplify your claims process, reduce time to payment, and make it all a snap for your RCM team.
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When it comes to CFO software, it pays to be a forward-thinker as well as someone who sets high standards and strives for quality. The SaaS industry is too competitive for corporate leaders to get complacent about their finance tech stack.
The Controllers Council and Sage recently released the results of the 2023 Controller/CFO Sentiment Study , which surveyed 300 North American CFOs and controllers. The study uncovered how macro-economic trends are shaping corporate finance planning, strategy, priorities and outlooks. Among the findings, the majority of respondents expect topline revenue to increase in 2023, but very few plan to make large investments in headcount for their financial operations to manage such growth.
Continuing on its upwards trajectory, the global market value of the subscription economy reached $292 billion in 2022 – up from $224 billion in 2021. What does 2023 hold in store for subscription-based organizations? According to consumer surveys , the competitive nature of the industry will be at an all-time high in 2023. With increasingly fierce competition, how can subscription companies outpace the competition and remain relevant to subscribers?
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Xero is continually updating and upgrading its accounting platform to provide an enhanced look and feel, improved accessibility and faster features. Here are some of its recent and in-progress enhancements.
Forging a trusted relationship with your investors is one of your career-defining goals and responsibilities as a SaaS CFO. Especially during market turbulence and broader financial instability, your primary investors can be an essential source of capital and stability around resources.
With containerization, you can write an application once and run it anywhere. Along with portability, containers are also much more resource-efficient than traditional virtual machines (VMs). However, managing containers at scale can be challenging.
The payroll department is responsible for the delivery of payroll checks, maintenance of employees’ and ex-employees records, wage deduction, calculation of bonuses & overtime, and most importantly, ensuring compliance. This is the only department that deals with and manages functions that impact almost everyone in the organization. A simple delay can be a talking point across the organization, and an innocuous mistake can attract compliance problems for the business.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
The Nomination Deadline for the Insightful Accountant 2023 ProAdvisor Awards Process is just two weeks away on March 1, 2023. Don't leave yourself off this year's list.
When it comes to CFO software, it pays to be a forward-thinker as well as someone who sets high standards and strives for quality. The SaaS industry is too competitive for corporate leaders to get complacent about their finance tech stack.
At Dext, we’ve been documenting the rapid rise of digital commerce and the opportunities it brings to the accounting industry. But, like all seismic change, the rate at which things evolve rarely comes to a grinding halt. In the case of digital commerce, it appears things are accelerating once again.
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It’s no surprise that the Covid-19 pandemic changed the way most businesses operate. From adjustments to staffing and labor, to remote workplaces and more, businesses have had to make financial decisions to maintain the health of their business. The Employee Retention Credit (ERC) is an opportunity to receive a refundable tax credit for businesses that paid employees while shut down due to the COVID-19 pandemic, or businesses that had a significant decline in gross receipts from March 13, 2020 t
The payroll department is responsible for the delivery of payroll checks, maintenance of employees’ and ex-employees records, wage deduction, calculation of bonuses & overtime, and most importantly, ensuring compliance. This is the only department that deals with and manages functions that impact almost everyone in the organization. A simple delay can be a talking point across the organization, and an innocuous mistake can attract compliance problems for the business.
Every business owner sooner or later reaches the point when investing in bookkeeping services can no longer be avoided. However, that doesn’t have to be a hassle because you can hire a virtual bookkeeper and get it all done without leaving your office space. Let’s explain virtual bookkeeping and how businesses can benefit from it. What Is Virtual Bookkeeping?
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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