Wed.Sep 25, 2024

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Is it time for accountants to integrate AI into their practices?

Accounting Today

Amid widespread adoption of traditional and generative forms of artificial intelligence, the looming question on the minds of many accountants is what diving deeper could mean.

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Streamlining Payer Requests for Information: A Provider’s Guide

RevCycle

Hospitals are facing a growing threat to their bottom lines, namely payer requests for information (RFI’s). A study by Kodiak Solutions shows that the denial rate from initial RFI’s has increased by nearly 9% since 2022. The increase is not due to a decrease in data quality either, with Colleen Hall of Kodiak Solutions stating: “Our analysis suggests that health insurers are using RFI denials to simply slow down claims that they ultimately will pay, just to reap the benefits of paying more slowl

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FloQast rolls out unified platform for all solutions

Accounting Today

FloQast announced it has rolled its entire solution portfolio into the new Accounting Transformation Platform, and added a few new ones on top of that.

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ProAdvisor 'Payroll' Survey Request

Insightful Accountant

Insightful Accountant wants your input on Payroll Apps/Solutions that you may use, refer to your clients, implement for your clients, or you are certified in. Please take 5 minutes to complete a very brief 3 question survey.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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FASB proposes hedge accounting standards update

Accounting Today

The proposed amendments would clarify guidance on hedge accounting and address issues that arose from the global reference rate reform initiative.

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We Want Top ProAdvisors to Tell Us About Yourself

Insightful Accountant

Our ProAdvisor Profile features are always a big hit, the problem is that too many of you are too shy, too self-conscious, or too busy to take the 3 or 4 minutes to fill out our profile survey. 'Find the time, and get over it' we want to know you.

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Changes Coming to Individual Estimated Tax Payments

Insightful Accountant

The current system of quarterly individual estimated tax payments poses significant challenges for taxpayers, particularly those in the gig economy. Recently, the California Lawyers Association Taxation Section proposed changes to the IRS to help.

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NCCPAP approves new board

Accounting Today

The National Conference of CPA Practitioners finalized the new slate of officers and directors for the 2024-25 term.

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The 3 Non-Negotiable Team Member Traits

Future Firm

Employee turnover is often caused by hiring people with the wrong traits. Discover the 3 traits I require in every team member we hire. The post The 3 Non-Negotiable Team Member Traits appeared first on Future Firm.

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Data security in accounting integrations

Accounting Today

When handling financial data, security might not be the first thought — but it absolutely should be.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Your ERP Transition Needs Oversight

Oversight

Why Implementing a New ERP is the Perfect Time to Partner with Oversight As organizations prepare to implement a new ERP, it’s natural to focus on the promise of better efficiency, improved processes, and greater visibility across your operations.

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9 steps to better change leadership

Accounting Today

In an environment of constant change, simply managing change isn't enough.

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Media and Ad Agency Trends for 2025 

AvidXchange

As we prepare for 2025, advertising and media agencies are navigating a landscape marked by increased spending and a surge in requests for proposals (RFPs). This dynamic environment presents both opportunities and challenges for companies striving to stay ahead. Technology plays a key role in optimizing operations. By embracing innovative solutions, ad agencies can streamline processes and boost efficiency, better positioning themselves for success in a competitive market.

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IFRS publishes guide to ISSB standards

Accounting Today

The guide aims to help companies that are voluntarily applying ISSB standards and help them communicate their progress to investors.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Top 7 Benefits of Using Google DataFlow for Analytics

Economize

Data processing today comes with a lot of challenges. Handling these huge data volumes, juggling through different data sources, and ensuring low-latency processing all while making sure your result stays accurate in not an easy task.

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U.S. investigating SAP, Carahsoft for possible price-fixing

Accounting Today

The investigation is covering sales of the German accounting software giant's solutions to U.S. government agencies.

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What is Lease Abstraction? Overview and Techniques

Nanonets

Managing multiple lease agreements in the real estate world can be overwhelming. These documents are often lengthy—sometimes running over 100 pages—making it challenging to grasp the key points quickly. Not just that, they are filled with legal jargon and clauses requiring specialised knowledge, making manual data extraction time-consuming, error-prone and generally inefficient.

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How accounting firms can overcome the profit plateau

Accounting Today

Many accounting firms run up against the dreaded profit plateau for a simple reason: The owner is too involved.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Simplifying Financial Processes with Translucent | Michael Wood

Insightful Accountant

In this exciting episode of the Xerocon Accounting Insiders Podcast, we were joined by Michael Wood, founder of Translucent, who shared how his latest venture is revolutionizing financial processes.

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How to Use AI in Bank Statement Processing

Nanonets

In today's complex financial landscape, businesses are drowning in a sea of bank statements. In 2022, a staggering 98.6% of Americans held transaction accounts , generating an unprecedented volume of financial data. For businesses processing thousands of bank statements daily—from insurance companies to financial institutions, bank statement processing presents a challenge and an even bigger opportunity for automation.

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Tipalti Named “Growth Partner of the Year” By NetSuite

Tipalti

The Growth Partner of the Year Award recognizes Tipalti’s meaningful investment in its partnership with NetSuite.

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Remote Work Going Away or Here to Stay?

Cloud Accounting Podcast

Blake and David examine the evolving landscape of remote work, discussing recent trends and their impact on productivity and employee well-being. They also explore the commercial real estate market's challenges due to the shift towards remote work and its potential implications for the banking sector. Moving on, they take a look at recent audit failures, particularly the FTX case and discuss the controversial Beneficial Ownership Information reporting requirements and some potential issues for s

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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Accountants Taking Strategic Lead on AI as Investment Ramps Up

Insightful Accountant

Human oversight and experience are as critical as technology in adopting AI in the finance function.

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Xero announces CFO transition at end of FY2025

Insightful Accountant

Kirsty Godfrey-Billy to step down on 31 March 2025 aer 9 years at Xero and 6+ as CFO

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