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How Tech Can Help Uncover The Story Behind Financial Data

PYMNTS

.” Further, solutions that deploy automated data management and analytics features can be critical for government reporting and regulatory compliance. But data can quickly turn into a burden.

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Rethinking The Roles Of Data, Accountants In SMB Finance

PYMNTS

. “Accounting has been a problem for small businesses throughout time,” Roberts told PYMNTS in a recent interview. Because there is a big disconnect between the accounting industry and the small business owner.” “Why? ” The Real-Time Demand. “They don’t want to talk about credits and debits.

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Paper Financial Records Raises Corporate Security Risks, Clutch Warns

PYMNTS

One-quarter of small businesses continue to record financial data on paper instead of keeping digital records, according to a new survey by Clutch, a B2B ratings and reviews firm, and the tactic is exposing these companies to security risks. A press release from Clutch on Monday (Oct.

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Small Businesses At The Center Of Bots Vs Accountants

PYMNTS

“The healthy economy brings a need for companies to know where their business is thriving financially (or not), to help make decisions for the future.”. “Bookkeeping is the low-value work performed by accounting firms,” he said. “It’s manual-intensive, error-prone, and hard to hire and train for.”

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Xero Jumps In On Facebook Chatbot Trend

PYMNTS

. “Using Hey Xero, businesses will be able to access the Xero Advisor Directory and be recommended a suitable accountant or bookkeeper in their area,” Xero said in its announcement late last week. ” In announcing the new solution, dubbed Hey Xero, the company shared screenshots with examples of how the bot will work.

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How To Navigate The Data Sharing Conversation With Banks

PYMNTS

But in order for these FinTechs to operate properly, they often need the financial data housed by those banks. SME cloud accounting firm Xero has had to navigate this data sharing climate and seems to be succeeding. . “[Customers] should have the ability to control that data,” Himmel stated.

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Accelerating Financial Reporting, From Monthly Reports To Real-Time Analytics

PYMNTS

In today’s fast-paced business environment, the mad dash at the end of every month to close the books is hardly beneficial to today’s entrepreneur – or her accountant. “That forces the accountant to get into a phase of just trying to get it done. .” “The news is about 30 days old at best.”