Small- to medium-sized companies are still skittish about moving Finance data and functions such as Accounts Receivable (A/R) to the cloud, for the most part. That's bound to change soon as larger companies change the landscape and continue to embrace…
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Economic unpredictability may be giving senior leadership and shareholders second thoughts about your 2023 budget priorities. Here's what some experts are saying about the approaches your peers may be taking with their 2023 budgets, which can give you some budgeting…
Your company credit cards can be a breeding ground for fraud via unauthorized usage, especially if there’s only one person in charge of managing charges and transactions. Lessons learned from two recent cases where companies were scammed out of hundreds…
You know from experience that controlling costs and increasing profits for your organization takes more than just creating a budget, regularly analyzing it for variances in projected vs. actual spending, then making adjustments. You may have tried shopping around for…
Finance pros know there's more than one way to motivate staffers to improve their performance. Chances are you've tried incentive programs and training tactics to get your teams to collect. There's a variety of carrots to dangle based on what…
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…
If you're still using paper checks for making vendor payments, be aware: Check theft crime is making a comeback. According to a cybersecurity research group at Georgia State University that monitors dark web activity, crooks can easily steal a business's…
National Preparedness Month is every September, and IRS is reminding employers to boost their disaster preparedness and ensure their important Finance records are protected. Between hurricanes, wildfires and other severe weather conditions, it’s key for companies to regularly review and…
Businesses like yours that expanded into e-commerce markets and digital sales channels have had to be aware of economic nexus ever since the tax compliance landscape changed with the landmark South Dakota v. Wayfair Supreme Court decision. Your Finance team's…
More organizations like yours are moving various operations to the cloud, including key Finance and HR functions. And while that comes with convenience – and potential security risks – cloud costs can be expensive for companies if the migration process…
If you're like most businesses these days, you're either dealing with a customer or two that's stretching payment deadlines as far as possible (or are past due), or you're worried it's about to become a problem and cut into your…
Forward-thinking companies like yours are always looking for ways to optimize A/P and A/R processes to keep your business's cash flow well-balanced. But outside of using automation technology to reduce errors, streamline vendor invoice approvals and process customer payments, what…
