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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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How Excel Spreadsheets Can Create a Data Security Risk for Businesses

Centage

Accounting Inconsistences, Double-Entries, and Liabilities There are several other issues your business may face depending on how you use Excel and what financial information you store in it. Technology does not change so your business can stay the same.

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How Excel Spreadsheets Can Create a Data Security Risk for Businesses

Centage

Some of these issues can lead to significant security breaches, including: Accounts payable: It is easy to lose track of payment due dates in Excel or even create double payments unless your workflows and transactions are entirely managed within one system. Sensitivity analysis. Profitability modeling. Scenario planning.