Remove Auditing Remove Data Analysis Remove Invoicing
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Transforming accounts payable operations through AI

Future CFO

Systems powered by artificial intelligence are without a doubt revolutionising invoice processing in finance departments. 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.

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

Future CFO

For the upcoming year, AI is the connecting thread among SAP Concur executives’ predictions, the firm said, adding that AI is changing how all business is conducted, and travel, expense, and invoice (TEI) management is no exception. Exceptions will trigger AI-driven, automated audits to ensure compliance.

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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. “Many of the routine jobs will go as areas such as invoice processing are automated.

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5 Excel-heavy Pain Points still Dragging down finance teams in 2024

The Finance Weekly

In this case, you will find that not all Excel-based data analysis software tools will be compatible. Even more frustrating, it may be compatible with some of your software systems, but not all, resulting in more inefficiency you were aiming to reduce by using data analysis software in the first place.

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Billing Takes On A New Look, Thanks To Digital Payments

PYMNTS

In the PYMNTS interview, Messer took Webster on a deep dive into a growing area of early 21 st century billing practices — one that increasingly relies on mobile technology, data analysis and other areas to provide cost-saving options for companies at risk of leaking too much revenue from inefficient billing practices.

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Three current states of AI adoption in accounting

Future CFO

Implementation across functions At the forefront of AI adoption, ACCA says data analysis and reporting emerges as the clear leader. In the audit space, AI offers enhanced capabilities for data analysis – enabling auditors to process information and identify outliers or anomalies more efficiently.

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Quickbooks Integrations for Better Connectivity and Reporting

The Finance Weekly

Also, the subscription service comes with cool features such as follows: Keeping tabs on inventory Sorting out your books Sending out invoices smoothly Managing payroll Dishing out financial reports Linking up with other apps for a seamless workflow Plus, you can share access with different permissions for your team.