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The evolution of accounting

Future CFO

The accounting industry is undergoing profound transformation due to rapid technological advancements across all sectors in the market. Changes from manual record-keeping to sophisticated software solutions has undeniably shifted the accounting landscape, bringing in an era of heightened efficiency and accuracy.

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Kofax Adds New AI Features For Accounts Payable

PYMNTS

Intelligent automation supplier Kofax has announced new innovations for its invoice and accounts payable (AP) solutions, according to a press release. The new solutions will go further toward transforming AP processes with automation.

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Managing Security Risks with Virtual Bookkeeping

CFO Share

Counter-intuitively, an outsourced bookkeeping service reduces the risk of fraud by adding more oversight and best-practices to your accounting processes. Beyond security, there are other reasons “do it yourself accounting” hurts your business. The entry-point for hackers – your vendor’s email accounts – are beyond your control.

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Safeguarding against payment fraud

Future CFO

Standardising settlement instructions is a crucial strategy, not just in investment transactions but also in the more immediate areas of accounts payable and receivable. This standardisation serves as a safeguard against the redirection of funds to unauthorised accounts.

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Today In B2B: Visa Embraces Digital Currency For Corporates, Basware Enhances AP Offering

PYMNTS

Plus, Basware enhances its accounts payable (AP) offering, CardUp eases commercial card adoption, Kofax adds new AP features and the Federal Reserve eyes bank lending. Kofax Adds New AI Features for Accounts Payable. Today in B2B payments, Visa embraces the USDC digital currency for corporate payments. 2) announcement.

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3 Ways to Improve Your Company’s Financial Management Right Now

Beacon CFO Plus

Adopting a proactive approach to cost control can enhance financial stability and improve overall profitability. Focus on optimizing cash flow by implementing effective invoicing and collection processes. Invest in financial technology (fintech) solutions. Enhance cash flow management.

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Ancora On Streamlining AP Processes With Machine Learning

PYMNTS

The drive to eliminate paper in the accounts payable process, to cut the steps that lead to inefficiencies, continues to get a boost from technology. As he told PYMNTS, those steps include manual sorting of invoices, sales orders and supporting documents – and, more importantly, the manual entry of data from these documents.