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How to Prepare Your Finance Team for Growth 

CFO Talks

Not only does this make your department more efficient, but it also builds problem-solving and leadership skills. Allowing someone who primarily works in accounts payable to gain experience in forecasting or treasury provides them with a broader understanding of finance operations.

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Onwards to 2025: How the accountancy profession gears up

Future CFO

In a guidebook , Esker says after years of continuous change, adapting a more human-centric accounts payable approach is now a prerequisite for keeping a business competitive. According to software company Esker , AI-driven automation does the mundane “heavy lifting” so the team is free to perform more strategic tasks.

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Finding Salve For Business Payments Pain — From Expense To AP

PYMNTS

After all, money exits a company through more than one avenue, whether it be via the accounts payable department or a firm’s own employees. Where Banks Fit In Problem-Solving. Understanding businesses’ biggest payment pain points requires a wide line of sight.

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A Day in the Life: Volkmar Ahrens from nxt4sap 

Future CFO

Regular check-ins with my partners and clients are essential, but I also prioritise time for innovation and problem-solving. I’m passionate about how GPT-4 and computer vision can revolutionise accounts payable automation and fundamentally change the industry.

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What is a Virtual CFO? A Guide for Businesses

Michigan CFO

They often possess professional certifications such as Certified Public Accountant (CPA), Certified Management Accountant (CMA), or an MBA degree. Additionally, strong communication skills, problem-solving abilities, and adaptability are crucial for effectively serving clients in a virtual capacity.

CFO 52
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How Data Unlocks The Hidden Potential Of Supplier Invoices

PYMNTS

Standardizing the way companies issue electronic invoices further reduces reliance on paper, while, at the same time, more closely integrating vendor systems with buyer platforms to streamline the flow of invoice data into ERP and accounting systems. a lack of standardization has accounts payable (AP) teams scrambling.

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Cleaning Up the Skeletons in Your Financial Closet

The Charity CFO

You could also determine that by looking at their accounts payable, like, why aren’t we paying bills? So if you’re seeing, you know, funder, a, their balance is 120 days late, but, you know, fund a pays every single month, like clockwork, that’s a sure sign that things are off accounts payable, same way.