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Aussie Accountants Brace For Industry Disruption

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Australia’s Institute of Public Accountants (IPA) is urging its members to “future-proof” their businesses as the industry heads toward disruption. Further, industry trends have led the traditional accountant model to become “obsolete,” reports said, meaning accountants have to embrace the more strategic role of advisor. “By

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Why Accounts Receivable Is Warming Up To Digital Currency

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“They accept cryptocurrency, facilitate the exchange, charge a professing fee then transfer funds into a bank account in one or two days. Accounts receivable (AR) departments are gradually opening up to digital currency acceptance, but as Roche emphasized, it’s not a transition that will happen all at once.

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Xero Partners With Square For Faster B2B Payments

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Cloud accounting firm Xero and payments services company Square are collaborating to offer small businesses a tool for faster invoicing and payments, according to reports on Tuesday (Feb. The transaction is then recorded in Xero automatically as soon as the funds hit the user’s business bank account.

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FinTech Targets The Cash Flow Needs Of CPAs

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The Certified Personal Accountant (CPA) today now has a plethora of FinTech solutions they can use to manage their clients’ money, with the number of digital tools — including cloud accounting portals, cash flow forecasting solutions and intelligent technologies like artificial intelligence (AI) — continuing to rise.

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ACH Shows Signs Of B2B Payments Dominance

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New analysis from corporate payments firm Bill.com suggests ACH payments are dominating the accounts payable department. “Payments are rapidly evolving for accounting firms, as digital payments are now more often used than paper checks,” said Bill.com Senior Vice President of Engineering Vinay Pai in a statement.

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EY Joins Forces With GTKonnect For Global Trade Services Expansion

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The teams of EY will tap into the software technology of GTKonnect, which covers a number of areas with the inclusion of free trade agreements, import/export compliance, country of origin, master data management, foreign trade zones and tariff classification as well as reconciliation.

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In B2B, Embedded Payments Make For Attractive Acquisitions

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The benefits of automating this process include reduced overhead, a streamlined payment reconciliation process and a shortened payment cycle for the payee. There is also growing demand for better accounts receivable (AR) management, he added. billion and growing, due to shifts to the cloud and away from paper and manual processes.

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