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Efficiency First: Tech Trends for Finance Teams in 2023

The Finance Weekly

In 2023, organizations may focus on investing in technology that addresses specific pain points and offers a clear return on investment, such as spend management or accounts payable, rather than broader, more comprehensive investments like enterprise resource planning platforms, according to Born. “I

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The 7 Critical Finance Software for Your Companies Tech Stack

The Finance Weekly

From accounting and payroll management to budgeting and forecasting, finance is the reason and numbers behind every bit of data that passes through the organization. All of this allows finance professionals to spend more time analyzing data instead of conducting manual and repetitive work. 5) Accounts Payable.

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The Cash Flow Connection To Accounts Receivable

PYMNTS

Further, it’s even rarer for an organization’s AR ecosystem to integrate directly with other financial processes through which cash flows, including accounts payable (AP). The AR-Cash Flow Connection. The Financial Consequences. That could mean paying invoices too early, or allowing payment terms with customers to extend too long.

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How Data Guides A New Era For The ERP

PYMNTS

Similar challenges have emerged in the traditional ERP’s ability to meet modern financial planning, cash flow forecasting, and risk analytics needs, he added. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP.