PYMNTS

OCTOBER 2, 2020

Some businesses fail to undergo the routine audits they need to assess their systems’ security, and others do not want to — or cannot — spend the money it takes to upgrade them. Working with payments orchestration providers can help firms like these address their systems’ security flaws by taking on the compliance burden.

Compliance 97

Compliance Auditing Securities Numbers 97

Bramasol

NOVEMBER 8, 2021

While these reports represented an important element for communicating a company's corporate-citizenship vision and were also positive public relations initiatives, for the most part they did not contain a lot of hard, auditable data. In the area of climate change, this is often referred to as "carbon accounting".

Compliance 85

Compliance Accounting SAP IFRS 85

PYMNTS

JANUARY 26, 2021

Usually, the auditing workflow involves looking at expense reports filed by employees, with a focus on identifying potentially erroneous or even fraudulent transactions. Digitizing and centralizing spend across various departments and workflows is the first step to enhancing the auditing process, said McCrossan.

Auditing 75

Auditing Invoicing Compliance Accounts Payable 75

Future CFO

MARCH 21, 2022

The top challenge for internal audit leaders this year is how they can attract talent with nontraditional skills, said Gartner recently. 57% of chief audit executives said that attracting talent with nontraditional skills was an important or extremely important issue for them in 2022. Survey highlights.

Auditing 52

Auditing Technology Planning Marketing 52

Future CFO

APRIL 15, 2024

The new technological advancement paves way for powerful insights and trends to help out finance professionals to streamline audits and boost risk management and compliance. BlackLine, Inc. The functionality enables new and actionable visibility into companies’ journal entries and process and allows for dynamic KPI trending.

Finance 52

Finance Auditing Compliance Risk Management 52

Future CFO

SEPTEMBER 14, 2023

When it comes to tax transformation, compliance is seen as the greatest challenge among 43% of companies surveyed by Deloitte. Outsourcing is a prime strategy to access technology capabilities. Outsourcing has long been recognised as a tool for increasing efficiency, but access to technology tools is now an even more important driver.

Compliance 52

Compliance Finance Technology Investments 52

CFO Plans

MAY 2, 2024

Whether you operate in technology, hospitality, manufacturing, trading, or property management, ensure that your chosen partner has a deep understanding of your industry’s unique challenges and opportunities. Evaluating Security and Compliance When it comes to financial data, security and compliance are non-negotiable.

Accounting 52

Accounting Problem Solving Compliance Communication 52

Future CFO

MARCH 28, 2021

The internal audit function faced both declining budgets and a significantly expanded workload in 2020, according to Gartner survey of 299 internal audit organisations in 2020. The obvious implication, if the picture doesn’t become more balanced, is that audit leaders will have to make tough coverage trade-off decisions.”

Auditing 52

Auditing Budgeting Banking Securities 52

PYMNTS

AUGUST 19, 2019

Firms auditing expenses through manual processes and outdated technologies risk missing the chance to flag erroneous or fraudulent submissions from vendors and employees. Deploying technology — especially artificial intelligence (AI) — can streamline the auditing process and boost cost savings significantly.

Auditing 56

Auditing Accounts Payable Invoicing Healthcare 56

Future CFO

JUNE 15, 2021

While 62% of organisations expect external audit fees to rise this year, they could combat this by automating their internal controls, said Gartner recently when releasing results of a survey of 166 publicly traded and privately held external audit firm clients across industries in March-April of 2021.

Auditing 52

Auditing Financial Reporting Finance Investments 52

PYMNTS

SEPTEMBER 10, 2019

Expense management and reporting technology firm AppZen announced a $50 million fundraise Monday (Sept. Our AI technology changes that as it … learns from those data, intelligence from thousands of internal and online sources, and the collective feedback from millions of hours of finance professionals’ time.”.

Auditing 43

Auditing Accounts Payable Invoicing Compliance 43

CFO Leadership

OCTOBER 10, 2023

This technology offers unprecedented rewards, but it also presents new risks that we all must navigate. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Finance 95

Finance Accounting Auditing IFRS 95

Future CFO

MAY 2, 2024

The third annual 2024 ESG Practitioner Survey polled more than 2,000 people involved in corporate reporting, including finance and accounting, sustainability, risk, and internal audit professionals across North America, Europe, and Asia. “The Assured integrated reporting is about more than compliance," says Volpe. "It

Compliance 52

Compliance Auditing Budgeting Leverage 52

CFO Thought Leader

APRIL 16, 2024

Kicking off his career fresh out of school, Udit Tibrewal joined the audit practice of PricewaterhouseCoopers (PwC) in New Delhi, where he set about learning the intricate workings of financial compliance. The shift from New Delhi’s familiar chaos to New York’s dynamic hustle coincided with a widening of Tibrewal’s finance lens.

CFO 52

CFO Auditing Prioritization Compliance 52

VCFO

MARCH 21, 2024

Here, we examine what generative AI is, the benefits and risks, and considerations for creating a generative AI policy that positions the technology to work for your business, not against it. Doing so will also provide clarity to your employees concerning tools and technology they’ve already used or may wish to use in supporting their work.

Microsoft Office 80

Microsoft Office Compliance Auditing Education 80

PYMNTS

OCTOBER 24, 2019

In an effort to change the global hotel corporate payment process, end-to-end business travel technology provider HRS is rolling out a new corporate hotel payment platform. He continued, “When our clients use our payment solutions, we’ve seen hotel compliance rise by on average 23 percent.

Compliance 40

Compliance Auditing Invoicing eCommerce 40

PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders.

Compliance 58

Compliance Marketing Currencies Auditing 58

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. 9) Audit preparation: Efficiency and compliance Preparing for audits can be a time-consuming and stressful process.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Accounting Invoicing 52

Future CFO

OCTOBER 22, 2023

Cloud accounting is rapidly gaining popularity among chartered accountants as digital technology advancements and the growth of cloud computing continue in today's world, posing opportunities for companies for innovation. Meanwhile, as with most advancements in technology, challenges come in along with the innovation.

Accounting 52

Accounting Auditing Compliance Technology 52

Future CFO

NOVEMBER 2, 2020

China is the most complex jurisdiction for financial compliance in Asia Pacific while Hong Kong is the easiest, said TMF Group recently. Jurisdictions in APAC lag significantly behind the adoption of technology to streamline and simplify processes. Report highlights.

Compliance 40

Compliance IFRS GAAP Accounting Principles 40

CFO Leadership

OCTOBER 18, 2023

This technology offers unprecedented rewards, but it also presents new risks that we all must navigate. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Finance 52

Finance Accounting Auditing IFRS 52

The Charity CFO

APRIL 18, 2024

These challenges include financial issues, data security compliance, and talent retention problems. Compliance with Evolving Regulations Nonprofits are no strangers to regulatory and compliance issues. Strategies to Leverage Data and Keep it Safe There are several ways to use technology while also ensuring data security.

Nonprofit 52

Nonprofit Compliance CFO Leverage 52

Future CFO

MAY 31, 2023

Technology has made financial reporting easy for everyone involved in the process, from the finance and accounts team preparing reports to the regulators, investors, and others who use those reports. That said, technology is only one aspect of the reporting process. We also do support asset accounting and tax reporting," he added.

Finance 98

Finance General Ledger Prioritization Auditing 98

Future CFO

FEBRUARY 11, 2024

Just 32% of managers say the same Technology access is going to be key to unlocking value in ESG/Sustainability. 97% agree that access to technology and data will play an essential role in making decisions to advance ESG strategies in the future. There is a disconnect between executives and employees. million for organisations.

Net Present Value (NPV) 98

Net Present Value (NPV) CFO Compliance Economics 98

Future CFO

OCTOBER 16, 2023

With great advancements in technology come greater risks posed on organisations around the world. The technology can identify patterns, anomalies and indicators of compromise that elude traditional signature-based detection systems. Vendors already are working on this capability.

Securities 52

Securities Auditing Compliance Technology 52

Fpanda Club

MARCH 27, 2023

Many finance professionals are starting to feel that they are too focused on historical data, reporting, compliance, etc. Moving into FP&A from other fields of finance, such as accounting and audit, has recently become very trendy. LinkedIn is full of advice, courses and trainings focused on this transition.

Finance 130

Finance Auditing Compliance CFO 130

Future CFO

JUNE 7, 2020

Find out how you can continuously address reporting and compliance requirements. The post The continuous need to address reporting and compliance requirements appeared first on FutureCFO.

Compliance 40

Compliance Auditing Technology 40

VCFO

FEBRUARY 15, 2023

Lee Ann’s depth and breadth of expertise includes board reporting, audit preparation, business plan development, market research and analysis, risk management, and capital requirements. She had complete ownership of financials, reporting, auditing, and compliance for all entities.

Auditing 52

Auditing CFO Risk Management Budgeting 52

PYMNTS

JUNE 11, 2020

The key drivers of that transformation include technology, as well as a heightened need for auditors, accountants and their clients to foster a collaborative ecosystem, he said. “It has always been important that there be a close ecosystem between auditor, accountant and client,” said Hampton.

Economics 77

Economics Accounting Auditing Forecasting 77

Future CFO

AUGUST 21, 2023

Mark D McDonald “Just like any disruptive technology throughout history, AI will inevitably displace and replace some roles and skills, but new roles, skills, and opportunities will also emerge." What level of maturity in terms of experience at work and in the use of technology should a finance person have for AI to make a difference?

Finance 98

Finance Compliance Data Analysis Leverage 98

PYMNTS

OCTOBER 5, 2020

Maintaining compliance can be tricky for merchants, however, as they may struggle to comprehend all aspects of these rules or find cost-effective ways to adhere to them. Compliance Complexities. Some firms may also simply wish to avoid the cost and distraction of conducting regular PCI audits. Orchestrating A Solution.

Compliance 82

Compliance Securities Auditing Retail 82

PYMNTS

FEBRUARY 19, 2018

As a result of the relative lag in technology adoption, organizations are less adept at getting all the information they need to streamline those supplier relationships, such as tax information or other crucial items that he said “cry for information … it’s a very risky process to pay the wrong people.”.

Auditing 51

Auditing Accounts Payable Currencies Accounting 51

Future CFO

FEBRUARY 6, 2020

Tools and best practices for informed compliance The post Why top CFOs are transforming statutory reporting with technology appeared first on FutureCFO. Other Thomson Reuters whitepapers available for your perusal are: Advanced corporate income tax tech is the centrepiece of a high-performing tax department.

Technology 40

Technology Compliance Accounting Standards CFO 40

CFO Network

SEPTEMBER 15, 2021

They will audit all of your processes and remove any areas of friction or inefficiency. It Can Help Keep Your Business in Compliance. Compliance is more important than ever. Companies in different industries have obligations to remain in compliance with a variety of laws and industry-wide statutes.

Compliance 52

Compliance Auditing CFO Forecasting 52

Future CFO

OCTOBER 27, 2020

TMF Group is a global provider of critical compliance and administrative services, with some 7,800 in-house experts across 80-plus jurisdictions. Local GAAP is much more common than international standards such as IFRS, with 71% of APAC jurisdictions taking the more localised approach.

Accounting 52

Accounting IFRS Auditing GAAP 52

E78 Partners

JUNE 2, 2023

This statistic underscores the significance of strategic spend management, even within technologically advanced resources. Mitigation of Financial Risks: Spend management helps CFOs minimize financial risks like overspending, non-compliance, and fraud. This control fosters financial discipline and informs strategic decisions.

Auditing 52

Auditing Vendor Management Leverage Leadership 52

Bramasol

JULY 22, 2023

Global ESG Regulatory Requirements One of the major ESG compliance developments to watch is the US Securities and Exchange Commission (SEC) proposed regulation on Climate-Related Disclosures and ESG Investing.

IFRS 89

IFRS Accounting SAP Compliance 89