PYMNTS

AUGUST 19, 2019

Firms auditing expenses through manual processes and outdated technologies risk missing the chance to flag erroneous or fraudulent submissions from vendors and employees. Deploying technology — especially artificial intelligence (AI) — can streamline the auditing process and boost cost savings significantly.

Auditing 56

Auditing Accounts Payable Invoicing Healthcare 56

Future CFO

JANUARY 26, 2024

AI-powered tools can streamline the processing of these reports by automatically verifying receipts, categorising expenses, and ensuring compliance with company policies. 8) Predictive analytics: Optimising cash flow management By leveraging AI and machine learning, AP departments can harness the power of predictive analytics.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Accounting Invoicing 52

The Charity CFO

APRIL 18, 2024

These challenges include financial issues, data security compliance, and talent retention problems. Compliance with Evolving Regulations Nonprofits are no strangers to regulatory and compliance issues. Strategies to Leverage Data and Keep it Safe There are several ways to use technology while also ensuring data security.

Nonprofit 52

Nonprofit Compliance CFO Leverage 52

Future CFO

MAY 2, 2024

The third annual 2024 ESG Practitioner Survey polled more than 2,000 people involved in corporate reporting, including finance and accounting, sustainability, risk, and internal audit professionals across North America, Europe, and Asia. “The Assured integrated reporting is about more than compliance," says Volpe. "It

Compliance 52

Compliance Auditing Budgeting Leverage 52

E78 Partners

JUNE 2, 2023

Mitigation of Financial Risks: Spend management helps CFOs minimize financial risks like overspending, non-compliance, and fraud. Key Strategies E78 Insights Perform Thorough Audits : Prior to altering supplier relationships or renegotiating contracts, thorough audits are essential.

Auditing 52

Auditing Vendor Management Leverage Leadership 52

Fpanda Club

MARCH 27, 2023

Many finance professionals are starting to feel that they are too focused on historical data, reporting, compliance, etc. Moving into FP&A from other fields of finance, such as accounting and audit, has recently become very trendy. LinkedIn is full of advice, courses and trainings focused on this transition.

Finance 130

Finance Auditing Compliance CFO 130

PYMNTS

JUNE 11, 2020

On top of that burden, said Hampton, compliance and regulatory requirements for corporates continue to shift and must take precedence within firms’ financial strategy development. You have to leverage data, leverage artificial intelligence to a degree, and leverage how you collaborate with different stakeholders involved.

Economics 77

Economics Accounting Auditing Forecasting 77

Spreadym

OCTOBER 24, 2023

Data integrity is a critical aspect of data management and is essential for maintaining the trustworthiness of data for various purposes, including decision-making, compliance, and security. Audit Trail Integrity: Maintaining an audit trail, which records who accessed and modified data, is crucial for data integrity.

Auditing 59

Auditing Compliance Securities Healthcare 59

Future CFO

AUGUST 21, 2023

As a profession we have made significant progress over the years leveraging technology to streamline how we manage historical data and more recently, leveraging analytics on predicting outcomes. Robert E Parker: Finance leaders have always played a critical role in stewarding a company’s performance.

Finance 98

Finance Compliance Data Analysis Leverage 98

Future CFO

FEBRUARY 11, 2024

The customers collectively use Workiva across different reporting and governance, risk, and compliance (GRC) functions; the results showed data integrations, automation, and other efficiencies that helped realise a 204% ROI and net present value (NPV) of US$2.9 million for organisations.

Net Present Value (NPV) 98

Net Present Value (NPV) CFO Compliance Economics 98

Bramasol

JULY 22, 2023

Global ESG Regulatory Requirements One of the major ESG compliance developments to watch is the US Securities and Exchange Commission (SEC) proposed regulation on Climate-Related Disclosures and ESG Investing. For more information, check out these resources: Are You Ready for "Carbon Accounting" Compliance?

IFRS 87

IFRS Accounting SAP Compliance 87

https://trustedcfosolutions.com/feed/

JULY 19, 2022

Sage Intacct has completed SSAE 18 SOC 1 Type II, SOC 2 Type II, and ISO27001 audits. Manage multiple currencies and leverage automated compliance processes for your financial regulations. It is PCI certified because Sage understands that you’re entrusting us with your business’s most private, most critical data.

Accounts Payable 113

Accounts Payable Auditing Compliance Accounting 113

CFO Talks

MARCH 14, 2024

No longer confined to the guardianship of financial reporting and compliance, modern CFOs are now pivotal strategists and advisors at the heart of corporate decision-making. Building on this foundation, it’s essential to explore the broader spectrum of the CFO’s role in today’s fast-paced business environment.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

Future CFO

NOVEMBER 15, 2023

This includes establishing clear data entry standards, validation rules, and periodic data audits. Risk Management and Compliance CFOs need to ensure that their financial processes and spreadsheets comply with various regional and international regulations. This empowers them to leverage the full potential of the technology.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Leverage Communication Compliance 52

CFO Leadership

OCTOBER 10, 2023

Many have since advanced to intelligent process automation (IPA) — RPA amplified with artificial intelligence (AI) — to streamline and improve more complex work, from tax and compliance reporting to financial statement reconciliation. 1] Robert Half and Protiviti are members of the Microsoft AI Cloud Partner Program.

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

Allows user-defined workflows to improve efficiency, compliance, and transparency, providing consistent audit trail visibility. Move Beyond Traditional Manual Processes With Sage Intacct In the world of modern business and new advancements, companies need to leverage technology to stay competitive and drive growth.

General Ledger 62

General Ledger Reconciliations Accounting Standards Auditing 62

PYMNTS

OCTOBER 30, 2020

Slow compliance checks and sluggish processing times are commonplace, especially on the legacy systems still used by many banks around the world. Automating Compliance. Cash payments are quickly falling to the wayside, with only 26 percent of all U.S. consumer purchases made with cash.

Compliance 91

Compliance Entertainment Auditing Banking 91

E78 Partners

MAY 8, 2024

It provides dashboards and reports for tracking SLA compliance and performance metrics. Compliance and Audit: ServiceNow helps in ensuring compliance with regulatory requirements and internal policies related to telecom expenses.

Leverage 52

Leverage Auditing Compliance Invoicing 52

Bramasol

SEPTEMBER 10, 2023

How Generative AI and SAP are Changing the Game Bramasol, a s a long-serving SAP partner, has been deeply involved with integrating the above AI and machine learning applications across many client implementations spanning compliance, finance and DSE projects.

SAP 89

SAP B2C B2B Microsoft Office 89

PYMNTS

DECEMBER 8, 2019

“Some risks are similar to those from financial firms more broadly, … [stemming] from leverage, maturity transformation and liquidity mismatches, as well as operational risks,” the report said. The Fed is considering an audit of Big Tech firms’ compliance policies and governance structures.

Financial Data 52

Financial Data Concentration Auditing Leverage 52

PYMNTS

JUNE 17, 2020

And all supplier activities, from new vendor registration and validation to documented audit trails, are visible to the necessary parties, letting companies send reminders when necessary for important business needs. The solution will mitigate and reduce risk by verifying if information pertaining to suppliers is complete and correct.

Risk Management 56

Risk Management Auditing Compliance Leverage 56

The Charity CFO

AUGUST 15, 2023

One key differentiator is that what is recorded following GAAP is what will show up on the audit and may not show up on the IRS tax form, Federal Form 990. Accountants deserve positions that leverage technology to improve the department and the organization and when they don’t get that, it creates a challenge.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

PYMNTS

SEPTEMBER 26, 2018

Leveraging $20M in funding raised last year, CENTRE is launching its broader membership framework, which includes other established financial technology firms as additional issuers,” the executives noted. “While Circle may be the first USDC issuer, we will certainly not be the last. .” ”

Auditing 72

Auditing Compliance Communication Leverage 72

PYMNTS

OCTOBER 27, 2016

“Our newest blockchain certification product demonstrates our continued commitment to help enterprises leverage the cutting-edge and digital native technology to improve their payment, invoice and billing process,” said PayStand CEO Jeremy Almond in a statement. ” . ”

B2B 75

B2B Auditing Invoicing Compliance 75

The Charity CFO

APRIL 1, 2024

Your nonprofit accounting setup needs to be able to meet tax and legal regulation and reporting requirements so you stay in compliance and retain the public’s trust. This system of only paying approved bills is huge in helping reduce common mistakes caught in nonprofit audits.

Nonprofit 52

Nonprofit Accounting CFO Accounts Payable 52

Future CFO

SEPTEMBER 7, 2021

Responsible AI Increased trust, transparency, fairness and auditability of AI technologies continues to be of growing importance to a wide range of stakeholders, said said Svetlana Sicular, research vice president at Gartner. Figure 1: Hype Cycle for Artificial Intelligence, 2021. Source: Gartner (September 2021).

Auditing 52

Auditing Compliance Leverage Technology 52

PYMNTS

DECEMBER 21, 2020

More and more companies are starting to leverage payments technology with [virtual cards] because of the value to all players in the ecosystem,” Fenton said. Through invoice integration, the service boasts improvements to savings and offers a compliance audit feature that can help vendors cut spending.

B2B 79

B2B Healthcare Investments Auditing 79

Future CFO

FEBRUARY 16, 2023

Finally, companies should also leverage the opportunity which economic downturns bring to invest in their people. By leveraging employee and skills data, companies can better informed in enhancing the employee experience and create more engaged employees.

CFO 52

CFO Finance Economics Leverage 52

Bramasol

FEBRUARY 9, 2024

As this blog series continues to explore optimizing quote-to-cash (QTC) to compliance for different industries, in this episode we dive into the special challenges faced by companies in the telecom sector and address how solutions in the SAP portfolio help overcome them.

SAP 91

SAP Compliance Invoicing Leverage 91

PYMNTS

JANUARY 29, 2020

Paper-heavy expense and payroll systems can obscure important compliance data, for example, or might otherwise complicate tracking if SMBs or their employees qualify for exemptions. These outdated processes are frustrating and could also lead to costly mistakes. That more-measured approach is not necessary, though.

Healthcare 56

Healthcare Compliance Auditing B2B 56

Bramasol

APRIL 15, 2024

In this new post, we get more granular to provide an update on how AI and Gen AI can enhance productivity, insights, and results in finance applications such as order-to-cash to compliance (OTC 2 ), along with a look at how new SAP AI initiatives are key to this transformation. to drive financial models.

SAP 88

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 88

Future CFO

APRIL 14, 2024

Stay ahead of the curve by leveraging the latest in financial technology solutions. The Kyriba guide underscores the importance of adopting cloud financial management solutions to counteract both internal and external threats effectively. READ THE GUIDE The post CFO’s guide to reducing the risk of fraud appeared first on FutureCFO.

Leverage 52

Leverage Securities Accounting Banking 52

PYMNTS

DECEMBER 19, 2018

Separately, a report from New Zealand’s innovation agency, Callaghan Innovation, has said there can be growth in the country’s largest export if firms leverage blockchain. CCN reports that the agency noted that IT in the country employs 100,000 people and generates as much as $16 billion New Zealand dollars each year in revenue.

Healthcare 62

Healthcare Auditing B2B Compliance 62

PYMNTS

JANUARY 10, 2018

“Through features like Repeat Offenders and Excessive Attendee insight, we are making financial auditing and risk management processes more efficient — as much as 80 percent faster than traditional methods,” Oversight Systems CEO Patrick Taylor said in a statement. “By

Auditing 40

Auditing B2B Risk Management Compliance 40

Planful

OCTOBER 19, 2021

From there, you can decide how to leverage your financial acumen and recommend the best way forward. How well are we meeting our compliance requirements? With our cloud-based FP&A platform, Planful has native data access controls such as role-based security and workflows, audit logs and trails, and point-and-click security setup.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) CFO Auditing Communication 40

Fpanda Club

SEPTEMBER 2, 2021

The growing variety and complexity of tasks within the finance function has resulted in the creation of a discipline that is supposed to become a bridge between the finance and business to support decision-making process by leveraging data and technology. This relates to FP&A which stands for financial planning and analysis.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Budgeting 130

PYMNTS

MAY 15, 2018

Their goal is to trick businesses into thinking they are legitimate customers so they can leverage credentials and money that aren’t truly theirs. This method, Patel said, also ensures that organizations are meeting compliance and regulatory requirements. PCI compliance is the one of the highest standards in the industry.

Auditing 51

Auditing Compliance Securities eCommerce 51