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Limitations of Microsoft Excel for budgeting and planning

Spreadym

Here are some of the key techniques used in corporate data processing: Scalability Excel was designed to be used for small-scale data analysis and calculation. Data Security Excel is vulnerable to cyber attacks and data breaches, and it does not have built-insecurity features to protect sensitive financial and business data.

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

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Top industries in Hong Kong expected to hire throughout 2023

Future CFO

Professionals looking to specialise in a ‘green’ job may wish to consider getting certified for BEAM, WELL, LEED, or Carbon Auditing, depending on regulatory requirements. Stakeholder management, strategy and change management and data analysis skills were all seen as vital for relevant roles.

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2024 predictions for finance: From virtual payments to business travel (part 1)

Future CFO

Exceptions will trigger AI-driven, automated audits to ensure compliance. Embracing AI, automation, and data analysis will help finance teams bring more strategy to the organisational table and find a greater sense of confidence amid the uncertainty.

SAP 52
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PwC Creates LIKEZERO For Enhanced Data Capture

PYMNTS

Accounting firms, including PwC, EY , Deloitte and KPMG , have been working to invest in artificial intelligence , going beyond just automating processes and addressing things like entrenched AI work, data analysis and tech training for any employee.

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AI in the finance function

Future CFO

Compliance and regulatory : Use classification models to analyse new regulations to understand new obligations or build audit plans by analysing the risk environment and operational metrics. Fraud and waste : Use Machine Learning (ML) to detect fraudulent patterns.

Finance 98
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KPMG, PwC, EY To Put $9B Toward AI, Data Tech

PYMNTS

The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax. We are a professional services firm, but technology is core to our future.”.