It’s easy to take your company’s payroll technology for granted – until it becomes obviously outdated. That’s why it may be time to evaluate whether the processing system you have in place will be able to grow with your business. Payroll continues to evolve from a back office function to a strategic Finance function – […]
Since the pandemic began in 2020, B2B cash application – the process of matching a payment from a customer to the corresponding invoice being paid – has been slow and inconsistent at times for many supplier companies. Part of it is caused by supply chain issues, part of it’s due to a remote workforce, and […]
To effectively fight inflation right now, optimization of your company’s working capital needs to be top of mind. “You don’t want to overlook profits or ignore profits, but it’s really all about cash. Cash is something [that] once you spend it, you can’t unspend it,” said consultant, author and former CFO Carl L. Young during […]
Automation is key for all kinds of Finance workflows, including invoice processing. Around 60% of finance leaders said they “absolutely” or “strongly” agree that automation saves them time at month end, according to Sage’s 2022 Close the Books Survey. And automating invoice processing can help make month end go much smoother for A/P, preventing issues […]
During the pandemic, IRS expanded its options for resolving federal tax disputes to include video conferences for appeals. Now, it’s seeking feedback on permanent video conference guidance for tax appeals and other agency correspondence with taxpayers, which could be important for communicating with IRS about tax issues in the future. The Service issued interim guidance […]
If any of your A/P staffers work a hybrid schedule, email is an 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 data […]
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% […]
