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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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5 Excel-heavy Pain Points still Dragging down finance teams in 2024

The Finance Weekly

When you’re making small-talk with someone who isn’t in finance or accounting about how work is going, and they answer with “busy,” do you ever question how hard it really is? All involving Excel data manipulation. They have a five person accounting team who spend an unwieldy amount of time dumping data from NetSuite into Excel.

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US B2B Startups Dominate $337 Million Worth Of Funding

PYMNTS

Texas’ SpyCloud delivers protection against account takeover for its corporate clients. SpyCloud identifies exposed employee and customer accounts to safeguard them before any malicious activity can occur. With $8 million in Series B funding, Employment Hero plans to focus on expanding its leadership team. Employment Hero.

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The CFO’s Guide to AI and Machine Learning

CFO Leadership

This business process automation technology can recognize, interpret, and classify business documents, storing their contents as data. For instance, accounts receivable and payable automation systems will use RPA to digitalize and classify paper and digital invoices. RPA is not AI.

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Futureproofing treasury and payments through digitisation

Future CFO

Equally important is supply chain financing, which touches on the topics of invoice and reverse factoring. Intraco’s Yeo added that having data in real-time matters in the current market. When Kyriba’s Kim queried, what was preventing real-time data analysis, the participant’s overwhelming answer was using Excel spreadsheets.

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AIs Impact on Corporate Finance

The Finance Weekly

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. Nicholas Boucher, a Finance Leader and Educator also participated in the webinar.