Future CFO

JANUARY 26, 2024

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.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Accounting Invoicing 52

Future CFO

OCTOBER 21, 2021

Accounts payable, transaction processing, and bank statement processing are the top three priorities in terms of business workflow automation , according to a global survey of 800 executives by Kofax. Survey highlights. Survey highlights. appeared first on FutureCFO.

Accounts Payable 59

Accounts Payable Data Analysis Invoicing Compliance 59

CFO Leadership

APRIL 2, 2024

Key areas to consider implementing software to automate processes include billing and invoicing, budgeting and forecasting, accounts payable, accounts receivable, and close management. With the right technology in place, companies can lessen the accounting staffing needed, without sacrificing accuracy or compliance.

Accounting 52

Accounting Compliance Accounts Payable Budgeting 52

Future CFO

AUGUST 1, 2023

This trend is driven by the need for real-time data analysis and insights to make informed business decisions. Financial and accounting processes include managing the general ledger, accounts receivable & payable, billing and invoicing, reporting & analytics, bank reconciliation, budgeting & forecasting, etc.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

Future CFO

AUGUST 19, 2021

Implementing intelligent automation does not mean removing the human component of the work processes in the finance function, said Dr Hanny Kusnadi, Senior Lecturer at the Department of Accounting at NUS Business School, who was involved in data analysis for the report. “On

Accounts Payable 40

Accounts Payable Treasury Risk Management Finance 40

The Finance Weekly

OCTOBER 13, 2021

Compliance: Abide by laws regarding environmental regulations, financial reporting, etc. Complete data analysis (DA). This means using performance and analytics metrics to identify opportunities for not just cost savings, but value creation through cost avoidance and proactive accounts payable risk management.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Leverage Communication Strategic Planning 52