article thumbnail

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. That means accountants will be expected to become business advisers, not just number checkers.

article thumbnail

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

The Finance Weekly

You’ll need to first find the data, export the information needed, and then dump it into Excel. With the little time you have to spare, you’ll do your best to validate the numbers, scrub them as necessary, and present the information the best way you can. Are there companies in this space solving this problem?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What South African CFOs learnt from twelve days in Italy

CFO Talks

“In the article and auditing world, you’re very blessed because you’ve got people everywhere you turn. According to data assembled by the World Bank, Italy had the sixth-highest number of international tourist arrivals in 2019. . The value of spending time with like-minded people .

CFO 52
article thumbnail

Where Can FP&A Career Path Take You?

Fpanda Club

Familiar with data analysis and armed with powerful tools, FP&A teams start to play more visible roles in the organizations providing their leaders with actionable insights and recommendations on the best ways to achieve company’s objectives, thus, having the direct impact on their company’s results and success.

article thumbnail

Farmer’s Fridge On The Importance Of Digital Upgrades

PYMNTS

This capability is only available for a small number of fridges right now, but Saunders expects a full rollout in the near future. That was really the focus early on, to be able to be PCI-compliant and pass an audit,” Saunders said. “We The Farmer’s Fridge app also enables customers to use more than just credit cards to make purchases.

article thumbnail

How Excel Spreadsheets Can Create a Data Security Risk for Businesses

Centage

Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user. Without separation of duties or an audit that can track who has had access to the data, fraud can occur.

article thumbnail

How Excel Spreadsheets Can Create a Data Security Risk for Businesses

Centage

Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user. Bank reconciliation: Because employees can quickly modify or change numbers, you may run into false reconciliations.