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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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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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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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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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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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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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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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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CPE platform LumiQ gets PE investment

Accounting Today

Continuing professional education platform LumiQ has received a strategic investment from private equity firm Vertu Capital.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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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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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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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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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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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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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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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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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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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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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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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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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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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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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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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.