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8 Ways to Use AI in Financial Services  

AvidXchange

Due to their ability to process vast amounts of data rapidly and accurately, AI applications are particularly well-suited to the financial services industry. Investment Advice Some financial services businesses have leveraged AI to build robo -advisors that deliver automated investment management services for clients.

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Financial Services M&As Call for Digital Upskilling

AvidXchange

Now, the financial services industry is experiencing consolidation – mergers and acquisitions (M&A) activity is ramping up as financial organizations seek efficient growth. Many accounting teams are evaluating systems, choosing the best one and re-training employees. Read our free whitepaper.

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How to Win the Talent War in Financial Services 

AvidXchange

With inflation and rising interest rates decreasing demand from borrowers, the financial services industry is navigating uncertainty. as of January 2023, driving employee engagement is more important than ever for financial services leaders. It was a huge challenge. …

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Financial Services Industry Experiencing Spending Slump, Data Reveals 

AvidXchange

To better understand the trends around financial services spending, let’s start with some key data points. In the first quarter of 2020, spending on financial services was 6.4% And this may be a reason why overall spending on financial services has dropped.

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How CommBank and Waddle, from Xero, are unlocking cash in unpaid invoices to help small business grow

Xero

In June 2021, CommBank developed Stream Working Capital in partnership with Waddle to give businesses access to funds using their outstanding invoices as loan security. However, his existing invoice financer charged 30% interest, so Jarrod would avoid drawing down on his facility unless he absolutely had to, affecting his ability to grow.

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Simplifying the settlement of invoices: A practical guide

Nanonets

Settlement of invoices isn’t simply about paying off a bill. It's a process that ensures every payment, adjustment, or write-off tied to an invoice is accounted for and settled. It paves the way for flawless financial records, better cash flow, and smooth business operations. What is the settlement of an invoice?

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How JCG Projects’ bookkeeper helped build the financial foundations of their business

Xero

Financial services at Xero empower small businesses and their advisors to take control of their cash flow and financial future by providing trusted insights and services. In our customer series we highlight small businesses using financial services to make their life easier. .