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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.

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EY Joins Forces With GTKonnect For Global Trade Services Expansion

PYMNTS

The teams of EY will tap into the software technology of GTKonnect, which covers a number of areas with the inclusion of free trade agreements, import/export compliance, country of origin, master data management, foreign trade zones and tariff classification as well as reconciliation.

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Alteryx for Accounting: The Future of the Finance Organization

Embark With Us

In fact, we probably buried the lede on this one since, if we're to distill Alteryx into a single catchy tagline, it would be something like "unlock the power of your data. To borrow a metaphor from The Economist , that data, genuine BI, is "the oil of the digital era." Reconciliations shouldn't induce night sweats. Automation.

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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.

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BMO Links Corporate Customers To Conferma V-Cards

PYMNTS

The tool enables companies to pay travel suppliers with a single use virtual card number. Each travel reservation is assigned a unique token allowing managers to establish parameters for what can be charged, while the token is also used to facilitate reconciliation. ” .

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What Payroll Innovation Says About Accountants’ Shifting Role

PYMNTS

With machines now taking care of repetitive financial tasks, accountants have had to readjust their position from number-cruncher to value-adder to remain relevant. “‘They’re just there for bookkeeping, bank reconciliation and payroll — what do I need you for when I can just do that myself?’ ”

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10 Tips CFOs Can Use to Put AI in Finance to Work Today

Planful

As technology crunches the growing volumes of data, soft skills like critical thinking, problem-solving, and communication will become crucial for Finance to succeed. #1 Without AI, employees are burdened with hours of monotonous tasks like reporting and data reconciliation. 1 – Move your data to the cloud.