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5 Ways to Mitigate the Accountant Shortage

CFO Leadership

The start of 2024 saw several high-profile accounting mistakes with companies having to publicly correct their quarterly earnings statements. While the specific causes of the errors were unclear, the incidents had many pointing the finger at a burgeoning risk factor: the shortage of certified public accountants.

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Transforming accounts payable operations through AI

Future CFO

The technological advancement provides more than just automation and reshapes roles, empowering finance teams to zero in on strategic activities like data analysis, supplier negotiations, and decision-making. There are nine ways AI-powered systems can transform invoice processing in Accounts Payable (AP) departments.

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How finance leaders can navigate around accounting talent shortage

Future CFO

With the fast pace of the world nowadays, financial leaders face challenges in maintaining and expanding revenue streams while contending with a growing shortage of skilled accountants. By outsourcing accounting functions specifically, businesses open the door to a variety of benefits beyond alleviating the immediate staffing shortage.

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What Payroll Innovation Says About Accountants’ Shifting Role

PYMNTS

The shifting role of small business (SMB) accountants is largely driven by the increase in automated solutions available to business owners today. With machines now taking care of repetitive financial tasks, accountants have had to readjust their position from number-cruncher to value-adder to remain relevant. ” Jones explained.

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How to Find the Best FP&A Candidates for Your Team

Spreadym

FP&A candidates typically have a background in finance, accounting, or a related field and possess a combination of skills and knowledge in financial analysis, modeling, and strategic planning. Experience: FP&A candidates may have prior experience in financial analysis, accounting, or related roles.

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Clocking in and Out: Nonprofit Payroll Issues

The Charity CFO

Compliance with Labor Laws and Overtime Management Like any other employer, nonprofit organizations are subject to labor laws and regulations. Data Analysis, Budgeting, and Resource Allocation Budgeting and resource allocation are essential for nonprofit organizations.

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Capitalising on the Fintech apps in APAC

Future CFO

According to IDC's 2023 Future SMB and Midmarket Survey , 50% of surveyed respondents (driven by SMBs) in Asia/Pacific state that they will automate their financial and accounting processes through cloud applications in the next 18 months. "As