Remove 2023 Remove Auditing Remove Financial Operations
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How to Improve Efficiency Across the Finance Department

MineralTree

This has been a major hurdle for finance departments in 2023 because many employees have switched jobs and careers due to the Great Resignation. Inflation Inflation and interest rates skyrocketed in 2023, placing additional pressure on finance departments to expand efficiency across their operations.

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Best 7 Invoicing Software For Financial Services

Invoicera

billion in 2023 to a whopping $18.08 But what exactly makes invoicing software indispensable for financial service providers? It’s a one-stop solution that keeps you updated and helps your financial operations run quickly. Designed with RIA compliance in mind, AdvicePay meets regulatory needs, so you stay audit-ready.

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Top 7 Benefits of Automating Accounts Receivable and Payable

Invoicera

Statistics say that in 2023 alone, the global accounts receivable automation market was valued at $3.81 This country led to a huge revenue share of 31% in 2023. Data encryption and protection Automated technology enhances the credibility of the financial transaction by guaranteeing advanced encryption and fraud protection.

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The best reconciliation software and tools in 2023

Nanonets

In addition to accelerating the reconciliation process, reconciliation software also enables an audit trail, significantly improving transparency and accountability. Once approved, the reconciled data is securely stored in a centralized database, ensuring an auditable trail.

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Why K-12 Schools Need Financial Automation Now

AvidXchange

Education Week reports that K-12 schools are experiencing a “perfect financial storm” in 2023, stretching already tight resources. As economic conditions force schools to consider layoffs amidst teacher shortages, administrative staff, including financial departments, are bearing the brunt.

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The top 15 spend management software in 2023

Nanonets

Their platform enables the facilitation of billions of dollars in annual purchases, catering to a wide range of businesses across the United States, from software startups to complex farming operations. Businesses can set up rules and workflows to streamline expense review and automate the auditing process.

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B2B Payment Trends in 2024 and Beyond 

AvidXchange

From cash to crypto, payment technologies have changed substantially over the years, shifting how businesses transact with suppliers and manage financial operations. In 2023, that number dropped to 33%. AvidXchange’s 2024 Trends Survey underscores this, finding that only 5% of organizations use checks most often to pay suppliers.

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