6 new finance benchmarks help you keep pace
In grade school you may have been told “never mind what your neighbor is doing,” but smart finance pros know that keeping an eye on what their peers are doing is smart business.
Software as a Service (SaaS) Based Accounting
Avoid fraud schemes targeting Finance pros & cloud-based systems right now
While cloud-based software has gradually become the norm for many companies, there are dangers lurking in its use, IRS warns. At its annual Security Summit, the agency laid out some of the pitfalls of using cloud software to store sensitive personnel, tax and financial info – and what Finance and IT can do to protect […]
CFO stress: Are manual processes the cause?
A new study says a lot of CFOs (83%) are feeling stressed out. And outdated systems may be to blame. According to DataRails, a financial planning and analysis platform for Excel users, 81% of CFOs say their daily workflows are more manually intensive than any of their fellow C-suite pros. Two hundred CFOs at companies […]
Control SaaS spending: Only pay for what you use
From Zoom to Microsoft 365, software as a service (SaaS) apps are essential to your firm. But many companies overspend on SaaS due to platform redundancies, overlooked auto-renews and missed opportunities to re-negotiate subscription/license terms. Getting more SaaS value According to Murali Saravu, founder of pricing and billing automation provider Monetize360, more and more of […]
Focus on your needs during software demo
Great news: There are now just two final contenders that you’re going to ask for an accounting or payroll software demo. So now you’re ready to see the products in action. But you may be dreading the thought of interacting with a vendor rep focused on closing the sale. What can you do to keep […]
Handy Excel shortcuts you may not have heard of
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How to make cross-border payments easier, less expensive
Being able to make and receive B2B cross-border payments is essential for growing e-commerce, capturing new markets and facilitating long-term growth for your business. But cross-border payments are complicated. One of the biggest headaches is the long transaction times due to: point-to-point wire transfers that may have to clear anywhere from three to 10 different […]
New revenue recognition standard affects Finance: 4 key implications
The Financial Accounting Standards Board’s (FASB) new revenue recognition standard will have a major impact on a number of companies, particularly Software-as-a-Service (Saas) firms, according to guest author Jim Perry, the director of EPM Enablement at Infor.
Streamlining your spend management process
To stay profitable and grow, businesses like yours need to take advantage of opportunities to become more efficient. However, spend management – which may be hindered by manual processes or cobbled-together financial tech resources – can be an obstacle to that growth. Over the last half of 2021, travel, corporate card and expense management software […]
What CFOs need to know about AI (Artificial Intelligence)
With the push continuing for firms like yours to digitally transform and fully automate Finance processes, the term “AI” (artificial intelligence) gets mentioned a lot. But what is it exactly? In simplest terms, it’s the technology that allows computers to learn how to analyze data, identify patterns and predict outcomes. The goal is to make […]
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