https://trustedcfosolutions.com/feed/

JULY 19, 2022

QuickBooks is recognized for being a great basic accounting tool, and it is used by a lot of small businesses because it is user-friendly and affordable. Still, it is not an accounting solution that can handle business processes apart from financials. Sage Intacct is a cloud-based accounting solution that offers much, much more.

Accounts Payable 113

Accounts Payable Auditing Compliance Accounting 113

PYMNTS

OCTOBER 9, 2020

The valuation puts the accounts payable (AP) and mass payments company well into “unicorn” territory, meaning it is valued at over $1 billion. Enterprise device security firm Eclypsium has notched $13 million in an oversubscribed funding round , which brings the overall funding of the firm to $25 million.

Compliance 107

Compliance Auditing Accounts Payable Valuation 107

https://trustedcfosolutions.com/feed/

MARCH 1, 2023

Businesses must account for the depreciation of their fixed assets to take advantage of significant tax benefits and accurately report their financial performance to make informed business decisions. Challenges With Fixed Asset Management Managing fixed assets can be difficult for even the most experienced accounting teams.

Accounts Payable 62

Accounts Payable Auditing CFO Invoicing 62

PYMNTS

MARCH 10, 2020

As more technology emerges to sit between a company’s accounts payable (AP) platform and its vendor’s accounts receivable (AR) portal, service providers are looking to ease friction in a multitude of ways, from accelerating payments and cash flows to easing contract negotiations. Crowdz Pilots Invoice Crowdfunding.

Accounts Payable 57

Accounts Payable Invoicing B2B Vendor Management 57

PYMNTS

FEBRUARY 6, 2019

This shift has been so acute that small business cloud accounting firm Xero is even petitioning the Oxford English Dictionary to change the definition of “accountant” to one that includes the word “advise.” Changing Demand. That demand for human talent, by the way, hasn’t decreased.

Corporate Finance 74

Corporate Finance Accounting Finance Accounts Payable 74

PYMNTS

SEPTEMBER 24, 2020

Accounts payable (AP) teams are now taking a fresh look at the potential of tools such as virtual cards to ease their transaction frictions. The digital methods suit remote purchasing environments and offer security features that can make it difficult for fraudsters to use stolen card details.

Construction 107

Construction Accounts Payable B2B Pharmaceutical 107

PYMNTS

MARCH 28, 2019

Automated expense report auditing company AppZen is introducing a new spend auditing platform to analyze supplier invoices using artificial intelligence (AI). “The major takeaway from this data is not that employees in certain industries commit more fraud,” AppZen noted at the time. ”

Invoicing 46

Invoicing Auditing Accounts Payable Compliance 46

PYMNTS

JUNE 16, 2020

Add accuracy and security to velocity and it makes a kind of “rule of threes” for the payments space today. In the June 2020 edition of The Gig Economy Tracker® done in collaboration with Tipalti , we find these traits, among others, defining innovation in accounts payable (AP) software.

Reconciliations 67

Reconciliations Invoicing Accounts Payable Auditing 67

CFO Simplified

JANUARY 2, 2022

According to the Journal of Accountancy 2018 , “in small businesses, there is a 29% chance that the owner or an executive is the one who will commit fraud.”. If employees sense that the Accounts Payable (AP) team is harried and barely scraping by, it can be tempting to test the waters on an expense report.

CFO 52

CFO Auditing Accounts Payable Securities 52

The Finance Weekly

OCTOBER 31, 2021

Many of the same financial issues that profit-seeking enterprises face, such as increasing revenue, managing audits, and dealing with compliance, encounter non-profit organizations (NPOs). This could imply more efficient auditing via online financial software that allows for remote audits. Master the basics of accounting.

Planning 52

Planning Auditing Nonprofit Accounts Payable 52

PYMNTS

JULY 6, 2020

Researchers found that furloughed employees are widely reporting that their bosses have asked them to continue to conduct their normal work duties despite being furloughed in order for their employers to secure funding. companies between April and May this year , Abnormal Security data revealed, according to Helpnet Security reports. .”

Accounts Payable 59

Accounts Payable Profit and Loss B2B Invoicing 59

PYMNTS

AUGUST 18, 2017

Israch said the advantage to these new offerings is it encompasses one holistic system for all parties to manage finances throughout the payment life cycle, as well as helping to manage fraud and audit risks. and overseas.”.

Accounts Payable 46

Accounts Payable Invoicing Compliance Auditing 46

PYMNTS

NOVEMBER 10, 2017

Especially for businesses that rely on manual expense reports, management and auditing processes, an employee that fudges a dollar amount here and there, or a worker who accidentally submits an expense report twice, mean companies can easily fall victim to fraud, both intentional and unintentional. It’s a very involved process.

Accounts Payable 44

Accounts Payable Auditing Invoicing Compliance 44

PYMNTS

AUGUST 12, 2019

The scheme apparently unfolded the way many BEC scams do — with a fraudster posing as a legitimate vendor, and where payments had been wired into scammers’ bank accounts. percent of an enterprise’s non-payroll business spend is accounts-payable based and 3.7 The maneuver is also known as “cookie jar” accounting.

Auditing 59

Auditing Invoicing Accounts Payable Treasury 59

PYMNTS

SEPTEMBER 28, 2020

Corporate buyers that fail to adhere to these regulatory requirements could face audits, fines and tax withholdings. Companies may be eager to ditch paper checks and other manual methods from their B2B payment flows, as 24 percent of accounts payable (AP) professionals say that such processes worsen vendor relationships.

Accounts Payable 66

Accounts Payable B2B Invoicing Auditing 66

PYMNTS

NOVEMBER 26, 2019

Organizations evaluating the return on investment (ROI) of accounts payable (AP) automation find obvious benefits from cost savings, early payment discounts and rebate-earning opportunities. That can lead to a lack of cohesion within the payment supply chains for AP or accounts receivable (AR) operations, Wessels said.

Accounts Payable 52

Accounts Payable B2B Invoicing Auditing 52

PYMNTS

JULY 14, 2016

Reports on Wednesday (July 13) revealed SirionLabs secured $12.25 SirionLabs provides multinational companies with a way to manage and analyze supplier contracts and provide auditing and other solutions with the information. It may also help the accounts payable process operate more efficiently.

Auditing 40

Auditing Accounts Payable B2B Invoicing 40

CFO Share

APRIL 11, 2024

But many fear remote bookkeeping exposes them to security risks – hackers, fraudsters, and embezzlement – especially if the virtual bookkeeping solutions use employees in foreign countries. Bookkeeping security risks are always a valid concern, especially since internal staff perpetrate 57% of small business fraud.

Securities 52

Securities CFO Education Auditing 52

PYMNTS

MARCH 26, 2018

Regarding data analytics and security, from our perspective, that is a must-have,” said Gill. You must have secure ways to transfer data through encryption. Security is at the forefront of everyone’s mind. You must have data analytics for products and reports.

Accounts Payable 40

Accounts Payable B2B Invoicing Compliance 40

Centage

SEPTEMBER 6, 2022

While there are many alternatives to spreadsheets, some organizations still consider them an important part of their accounting procedures. The familiarity of spreadsheets and their ease of use mean many employees are happy to keep working with them, even though they may create serious security risks.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. Instead of slow, paper-driven, backward-looking accounting, these organizations are moving quickly through digital integrations allowing them to focus on their core responsibilities. What is the actual goal in a nonprofit accounting setup?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

BlueLight

JULY 30, 2020

My motivation was to understand the responsibility of the CFO suite, the process of billing to accounting, and the software tools available to run an effective finance office. One is accounting: you need this done properly to inform the next two. It connects with bank accounts and corporate credit cards to track financial information.

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

Centage

SEPTEMBER 6, 2022

While there are many alternatives to spreadsheets, some organizations still consider them an important part of their accounting procedures. The familiarity of spreadsheets and their ease of use mean many employees are happy to keep working with them, even though they may create serious security risks. Lack of Security Features.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

PYMNTS

APRIL 8, 2020

This stands in stark contrast to how the accounts payable (AP) departments at many businesses process payments. There are of course reasons why AP and account receivable (AR) departments have clung to these legacy processes. Yet, this sense of security is in many ways a false one.

Invoicing 89

Invoicing Accounts Payable Auditing Securities 89

Beacon CFO Plus

JUNE 16, 2023

For example, common controls like external audits of financial statements and a formal code of conduct were in place at only 53 percent of small businesses (compared to 90 percent of larger organizations). While requiring more time and effort, this approach can enhance the system of controls and security in place.

Accounts Payable 52

Accounts Payable CFO Auditing Risk Management 52

PYMNTS

AUGUST 24, 2017

More than half of accounts payable departments said they don’t partner closely with internal audit teams, while 82 percent have no connection to internal enterprise security teams. In general, he said, companies are aware of the risk of fraud in their accounts payable departments.

Accounts Payable 40

Accounts Payable Invoicing Benchmarking Auditing 40

The Finance Weekly

JULY 31, 2023

Artificial Intelligence (AI) is gradually revolutionizing various industries, including the field of accounting and finance. They highlighted how AI technology is transforming the way finance and accounting teams work with data and make decisions. He has also launched the first Chat GPT for the finance training program.

Corporate Finance 52

Corporate Finance Finance Leverage Accounts Payable 52