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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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What Controllers Can Do to Help Leverage FP&A Solutions

The Finance Weekly

Complete data analysis (DA). The responsibilities of controllers today extend to more than just accounting and forecasting; FCs are now expected to engage in business administration and financial planning. The benefits of CPM software are as follows: Reduced operational costs. Automation of previously manual tasks.

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Why Cloud-Based Accounts Payable Is Make Or Break

PYMNTS

Employing accounts payable (AP) automation solutions can help smooth onboarding and streamline the data collection and analyzing processes, removing the many friction points that are prone to legacy systems. Finding and onboarding the right supplier partners can be a slow process involving in-depth research and cost-benefit analysis.

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Luxury resort operator to digitally transform finance operation with Workday

Future CFO

Luxury resort operator Soneva has selected Workday to help it digitally transform finance operation and capabilities, the technology company announced recently. Soneva currently has four properties it operates across Thailand and the Maldives, according to Workday.

Finance 98
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Preparing Your Finance Organization for the New Era of AI

CFO Leadership

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. AI is a tool and not a replacement for finance professionals.

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How global treasurers and CFOs should approach an erratic economy

Future CFO

Global corporate treasury leaders can serve as particularly essential strategic advisers right now— if they can harness the right data, analysis, and technology strategy to navigate choppy market conditions. Treasurers should leverage cash forecasts to achieve better cash conversion.

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Unpacking the value of digital transformation in finance

Future CFO

Leveraging data to offer informed decisions Going beyond RPA, the shift to the cloud and vast amounts of data now available means CFOs have an opportunity and expectation to broaden their focus to not only improve the bottom line, but to also contribute to the top line by leveraging data to provide actionable business insights.

Finance 96