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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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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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5 Ways to Mitigate the Accountant Shortage

CFO Leadership

Implementing software can help shift time allocation for accountants by automating time-consuming and routine tasks including data entry and financial statement preparation. With the right technology in place, companies can lessen the accounting staffing needed, without sacrificing accuracy or compliance.

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Financial Metric Madness: How SMBs Can Set Meaningful KPIs for Their Business as Part of Their Financial Reporting and Analysis Process

Centage

Some of the most common KPIs used for SMBs include operating cash flow, gross profit margin, revenue growth rate, market share, customer churn rate, break-even markers, accounts payable and receivable timelines, expense ratio, budget versus actual, and customer acquisition cost.

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What Controllers Can Do to Help Leverage FP&A Solutions

The Finance Weekly

CPM software includes budgeting, forecasting and planning functions, as well as graphical scorecards and dashboards to deliver and to display corporate information. Complete data analysis (DA). The benefits of CPM software are as follows: Reduced operational costs. Automation of previously manual tasks. Simplified calculations.

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10 Tips CFOs Can Use to Put AI in Finance to Work Today

Planful

Consistent with their 2018 forecast, McKinsey’s late 2020 study found that organizations that invested more in digital than their competitors were twice as likely to report outsize revenue growth. Now is the time for CFOs at organizations of all sizes to lean on AI to plan, budget, and forecast with greater accuracy, speed, and confidence.

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How Excel Spreadsheets Can Create a Data Security Risk for Businesses

Centage

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. While spreadsheets are commonly used and easy to modify, they are not designed to store and protect sensitive information. You might be thinking, “If not Excel, then what?”