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Capitalising on the Fintech apps in APAC

Future CFO

Supriya Deka: The general features of financial applications include accounting, reporting & analytics, bank reconciliation, billing & invoicing, asset management, budgeting & forecasting, financial risk management, expense tracking, and payroll management.

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Paymerang Debuts Invoice Solution For Better AP Accuracy

PYMNTS

Paymerang , which works in accounts payable (AP) automation, has debuted its new Invoice Automation Solution, which a press release stated will help organizations with efficiency, accuracy, visibility and getting rid of manual paper processes. The company recently debuted the new service at the Collegiate School in Richmond, Virginia.

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From Controller to CFO: What Changes?

CFO Talks

Budgeting: The Controller gathers info and puts the budget together. The CFO looks at this budget with a telescope, considering how it fits with the company’s long-term plans and what changes might be needed. They manage the accounting staff directly, ensuring efficient and accurate financial operations.

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What is a Virtual CFO? A Guide for Businesses

Michigan CFO

Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. Budgeting: Virtual CFOs help businesses develop comprehensive budgets that align with their objectives. What Do Virtual CFOs Do?

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C-Suite execs believe intelligent automation helps augment finance’s capabilities

Future CFO

Within the finance/accounts department, the top three functions where intelligent automation is implemented are accounts payable (61%), accounts receivable (57%) and budgeting/FP&A (51%). Intelligent automation is least used in risk management (24%), tax (20%), and treasury (14%).

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Finance vs. Accounting

CFO Simplified

A team member in the finance department addresses how a business manages their money, from: Investing and borrowing. Accounting focuses on the day-to-day flow of money in and out of a business. . Accounting teams are responsible for: Invoicing. Recording and paying accounts payable invoices. Reconciling accounts.

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Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

In this tier, a double-entry accounting system is employed to ensure the accurate recording of all transactions. This includes managing invoices, receipts, and payments, as well as reconciling bank statements. A disorganized bookkeeping system causes the rest of the financial accounting hierarchy to be unsound.