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Will Finance Become 100% Digitalized?

Jedox Finance

On the other hand, so many companies still struggle with their transformation and are challenged by even the simplest of processes such as intercompany or bank reconciliation. How can we solve for this and complete the transformation? More importantly, how will the finance function look afterwards?

Finance 141
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6 biggest headaches for FP&A teams (and how to fix them)

Cube Software

data entry, compiling and consolidating reports, and manual reconciliation) eat into valuable time that could be better spent on strategic thinking and more complex problem-solving. Time-consuming, manual tasks can significantly slow down FP&A teams. These tasks (e.g.,

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Seizing opportunities in finance

Future CFO

AI can also uncover hidden trends and potential risks in vast datasets, enhancing decision-making and financial controls," Abrol notes.

Finance 104
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Corporate Treasurers: Building readiness for ongoing changes

Future CFO

For example, ISO 20022 brings richer data and greater transparency to payments, which can really help with reconciliation and reporting, but it also means systems need to be updated to handle these new formats." It helps build trust and makes problem solving so much easier down the line."

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Finding Salve For Business Payments Pain — From Expense To AP

PYMNTS

Where Banks Fit In Problem-Solving. FinTech’s attraction to solving B2B payments and corporate spend friction has been instrumental in highlighting and addressing many of these widespread pain points.

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Will finance become 100% digitalised?

Future CFO

On the other hand, so many companies still struggle with their transformation and are challenged by even the simplest of processes such as inter-company or bank reconciliation. How can we solve for this and complete the transformation? More importantly, how will the finance function look afterwards?

Finance 52
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Cleaning Up the Skeletons in Your Financial Closet

The Charity CFO

And then the second type of reconciliation that we talk about, we talk about the balance sheet reconciliation. So, um, timeliness is usually the key of where all the issues are stemming from, like, why are the bank reconciliation not done on time? It’s all those reconciliations we’re talking about.