If any of your A/P staffers work a hybrid schedule, email is a crucial important tool for invoice processing. Your payables department may also be relying a lot more on e-mail to onboard vendors and approve supplier payments. But relying on email for invoice processing and receiving may present some challenges with: Invoice receipt and […]
Your Finance team, particularly staffers from other departments that have been assigned Payroll tasks, may still be adjusting to Tax Cuts and Jobs Act changes that went into effect in 2020. For instance, there are now six worksheets that take the place of federal tax withholding formulas. Each of those worksheets has its own table […]
Cloud security breaches can cost companies like yours in more ways than one – including damaged brand reputation and lost customers. Here are some recent examples that happened to companies you’d expect to be invulnerable to cyberattacks: Yahoo. The hack started with a spear-phishing email sent to an employee and wasn’t reported until two years […]
Digital transformation is key to your role as a CFO. Most of your peers agree, according to a new study from StrategicCFO360 and accounting software provider Vic.Ai. In fact, eight out of 10 of CFOs surveyed said that automation is crucial for optimizing their finance processes and getting key insights from financial data. And 61% […]
How’s your professional relationship with your CIO right now? A recent Gartner survey shows that many of your peers are struggling to work closely with their top IT execs because they aren’t seeing eye to eye for various reasons. A mere 30% of professional relationships between CFOs and CIOs are marked by business centricity and […]
Many of your peers learned from the pandemic that a paperless A/P department can benefit every level of the organization, putting the focus on individual transactions instead of clusters of documents. But as consultant, author and former CFO Carl L. Young said in the Premier Learning Solutions workshop “A/P Internal Control Best Practices: Going Paperless,” […]
A significant majority of your peers (90%) agree that intelligent automation will help them overcome post-COVID business challenges, such as workforce shortages, supply chain disruptions, controlling costs, boosting revenue and maintaining a competitive advantage. That’s according to the 2022 Intelligent Automation Benchmark Study by software provider Kofax. But where you, your fellow C-suite leaders and […]
Will the A/P software suite you have in place be able to meet your company’s payment volume, compliance and security goals for this year and beyond? If you’re not sure, it may be time to huddle with IT and your CFO to assess whether what you have will be adequate or if it’s time to […]
When you’re taking the time to implement a costly new software solution in Finance, you want to make sure you get it right the first time around. If you don’t, it can negatively affect your return on investment (ROI) by limiting productivity and efficiency gains. In “The Three T’s of Implementing – Test, Test and […]
