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2020 in Review: Turbulent Year Signals Turning Points in Fintech Industry

AvidXchange

Historians will undoubtedly look back on 2020 as a turning point in world history. 2020 will also be remembered by business historians, and finance professionals such as yourself, as a turning point in the fintech industry. The survey also found 74 percent used an automated AP software system in 2020.

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2022 Healthcare Industry Trends: Heightened Cybersecurity Concerns

AvidXchange

Comparitech exposed the magnitude of ransomware crimes: In 2020, 92 individual ransomware attacks — a 60 percent increase from 2019 — affected more than 600 separate clinics, hospitals, and organizations and more than 18 million patient records; Costs of these attacks to U.S. This integration is not a given.

AP 52
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AI in Accounting: What’s Coming for Small Businesses

Remote Quality Bookkeeping

It has found particular relevance in the realm of accounting – specifically through AI accounting software. As per a survey conducted recently, over 55% of accountants are comfortable with AI automating mundane tasks. That’s where the concept of ‘accounting ai’ comes into play.

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Lessons Learned: How One Accounting Department Evolved During Unusual Times

AvidXchange

After all, our business has been around for more than 100 years, and in that span we hadn’t seen anything like 2020. Even during the pandemic, our accounting department continued to explore and invest in new tech. All this is to say progress has been good even during the unbelievably unusual 2020-21. This isn’t a hunch.

AP 52
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Make Electronic Payments Simpler: All you need to know

Nanonets

ePayments offer features like contactless payments, which have their own merits – contactless payments are increasingly being practiced since the break of the pandemic in 2020. It is a money management app that enables payments to retailers or other people from bank accounts or credit cards.

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What is order entry automation, and how to implement it?

Nanonets

A 2020 McKinsey survey found that automation reduced costs by 10-15% and cut order processing time from 2-3 days to 1-2 hours. Ultimately, the exact process might vary based on the specific software you choose to implement and your unique business needs. How does order entry automation work?

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When Time-Based Pricing Works (Or Does It?)

Cloud Accounting Podcast

Even when I was at Intuit, we were building an open ecosystem- Blake Oliver: [00:09:22] Right. David Leary: [00:09:22] -to where apps starting to be purchased or functionality is being built into the accounting software. Or, is it where things are gonna be built in but there's still gonna be multiple players?