July, 2021

article thumbnail

The DNA of an Accounts Payable Department: By Alistair Nicholas, Managing Director, Esker Northern Europe

AP Association

The Accounts Payable (AP) function is a critical backbone for managing cashflow and fostering business resilience within an organisation – but what of the people, processes and environment that make up AP? In conjunction with Jamie Radford, the founder of Accounts Payable Association and APTV, Esker have created a series of short videos, looking not only at this genetic make-up, but also how AP has changed across the past 10 years, and will continue to do so into the future.

article thumbnail

ACCOUNTS PAYABLE RECOVERY AUDITS – WHAT ARE THEY AND WHY SHOULD THEY BE CONSIDERED A BEST PRACTICE?

The Institute of Financial Operations

WHAT IS AN ACCOUNTS PAYABLE RECOVERY AUDIT? Quite simply, it is a review of your Accounts Payable historical data for the purpose of identifying and recovering funds paid to your vendors and suppliers resulting from overpayments and under-deductions. The reasons for these erroneous payments are numerous and areas of recovery can include duplicate or wrong payments, open/unapplied supplier credits, unrecorded accruals/rebates/allowances, contract/purchase order terms compliance, pricing errors, m

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How To Create A Cloud Center Of Excellence (CCOE)

CloudZero

Establishing a Cloud Center of Excellence (CCOE) is an important milestone in every company’s cloud computing journey. While it is usually not the first milestone — which is focused on delivering value to customers — this milestone is reached as the company grows and scales.

article thumbnail

How Continuous Audit Tech Will Save Your Business Money Now

Brigade

It happens all the time. There’s a gym membership you’ve been meaning to cancel. You still subscribe to streaming channels that you don’t watch anymore. And slowly but surely, you are losing money and creating a budgeting nightmare. All those unnecessary recurring charges add up– yikes!

article thumbnail

Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

article thumbnail

How to Maximize Profitability Outsourcing Your Books

SLC Bookkeeping

What we are going to look at today is how to maximize profitability by outsourcing bookkeeping. Profitability is more than just revenue minus expenses. It can be difficult to see how spending money ultimately creates more value and wealth in a business, but we'll break down how it saves time, increases overall revenue, and can help you maximize the profitability of your business.

article thumbnail

Tips for taking on a massive Undeposited Funds cleanup in QBO

5 Minute Bookkeeping

If you’re looking for the best tips for taking on a massive undeposited funds cleanup in QuickBooks Online, this is the blog post for you. You may have recently taken on a QBO cleanup client and noticed that they have hundreds of old transactions in undeposited funds. Before you attempt to clean it up, let’s take a look at what you need to know so you can take on this project with confidence.

More Trending

article thumbnail

My Ten Craziest Payables Stories

Oversight

An excerpt from “The Autobiographical Account of the World’s Most Controversial Employee” I have to confess: I’m not the only one living big. Indeed, there are thousands of us riding the lack of institutional control over fraud, misuse and waste to great advantage at my company, and indeed throughout the endless landscape of the 21st-century industry.

article thumbnail

What Is AWS Monitoring? 8 Best Practices To Get You Started

CloudZero

Migrating to the cloud provides cost, scalability, performance, maintenance, and other engineering and IT benefits. Today, Amazon Web Services (AWS) stands out as the most popular cloud platform, offering an advanced public cloud with robust services that are easy to integrate with your existing workflows.

98
article thumbnail

7 Ways A Financial Audit Will Help Keep Your Business On Track

Brigade

Success starts with a good financial strategy.

article thumbnail

Why Your Organization Needs Structured Payment Plans

RevCycle

Healthcare consumerism and patient responsibility have seen a coinciding rise over the last decade plus. The COVID-19 pandemic served to exacerbate the difficulties many patients face with their out-of-pocket balances. The following excerpt is from a recent Forbes article : “ According to interviews AccessOne conducted with 47 healthcare billing executives, 43% of providers reported increases in patient requests for payment plans even as hospitals face their own financial struggles, and 40% repo

article thumbnail

The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

article thumbnail

Ep. 133: Hilla Sferruzza - The CFO's Four Lines of Sight

IMA's Count Me

Contact Hilla Sferruzza: [link] Meritage Homes: [link] FULL EPISODE TRANSCRIPT Adam (00:05): Hey, everyone. Welcome back to Count Me In. IMA's podcast about all things affecting the accounting and finance world. Adam Larson here with you again, and I'm pleased to introduce today's featured guest speaker Hilla Sferruzza. Hilla is the CFO of Meritage Homes and spoke with my co-host Mitch about the role of today's CFOs.

article thumbnail

Real Estate Experts Offer Insight to Help Navigate ‘New Normal’

AvidXchange

As a real estate finance pro, it’s easy to feel overwhelmed given how your world has changed in the last year. Chances are your business operates differently now. Employees are more spread out geographically than ever before and you’re grasping for any sense of control you can find. The good news is you can overcome all of this. To help you along the way, three real estate executives recently got together to talk about what’s new – and different – in real estate during AvidXchange’s quarte

article thumbnail

Spend Risk Examined: CFOs, Spend Optimization, and Shifting Tides in Tech

Oversight

Oversight released a new episode of its podcast series, “Spend Risk Examined”, which discusses our recent study commissioned by Oversight and conducted by Forrester Consulting, entitled “Minimize Risk and Maximize Gains Through Spend Optimization Solutions.

52
article thumbnail

The 15 Best CFO Tools For Managing Software Financials

CloudZero

As businesses evolve thanks to technology advances, so must the role of the Chief Financial Officer (CFO).

98
article thumbnail

2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

article thumbnail

Intuit TurboTax Drops Out of IRS Free File

Cloud Accounting Podcast

Sponsors Practice Ignition: [link] AFO Wealth Management Forward: [link] Odoo: [link] Show Notes Live from NOLA – The Cloud Accounting Podcast is on the road again! 5:25 – Banks Are Reversing Course on PPP Loans to Small Business Owners [link] 6:47 – We’ve got Voicemail! Thank you, Ray! 7:32 – This Way to CPA [link] 9:15 – TurboTax-Maker Intuit Will Leave Free Tax Filing Partnership With IRS [link] 13:20 – Accelerating Technology Innovation to Better Help Consumers Solve Their Most Pr

XERO 40
article thumbnail

5 Benefits of Digital Accounting with Precision

Dext

My specialism is getting people onto cloud accounting systems, and making sure they use it in the best way.

article thumbnail

Ep. 132: James Stark - CFO Skills and Competencies

IMA's Count Me

Contact James Stark: [link] FULL EPISODE TRANSCRIPT Adam (00:00): Welcome back to Count Me In , IMA's podcast about all things affecting the accounting and finance world. I'm your host, Adam Larson and today I will be previewing a conversation between my co-host Rouba and her special guest, James Stark. In this episode, James shares his insight and views on the challenging global landscape and the must have skills for CFOs.

CPA 40
article thumbnail

CFO Survey Reveals Widespread Support for AP Digitization

AvidXchange

A staggering 96 percent of CFOs can’t be wrong, right? Let us explain. A recent survey conducted by PYMNTS.com and VersaPay polled 400 chief financial officers (CFOs) to find out what they’re thinking about a wide range of timely and important business and technology issues. From how much they use digital accounts payable (AP) processes, to invoice and payment processes they want to digitize, to the biggest obstacles they’re facing, this is a full-blown exploration of the current state of mind o

AP 52
article thumbnail

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

article thumbnail

July Spend Insights Report Depicts State of Business Travel

Oversight

Oversight continued to observe notable shifts in spend behaviors and trends in the recent months. As the vaccination rate increases, business travel begins to recover and new spend patterns and potential risk emerge. In our July Spend Insights Report, we shared findings uncovered in the second quarter of 2021.

40
article thumbnail

Kubernetes Monitoring Explained: 10+ Tools To Get You Started

CloudZero

Kubernetes is the platform of choice for orchestrating containerized applications. It’s ideal for large applications running on distributed instances. But you likely already knew that because if you are weighing Kubernetes monitoring tools, you know what Kubernetes (K8s) is and why it is useful.

98
article thumbnail

The End of the Beginning for Cloud with Ben Richmond of Xero

Cloud Accounting Podcast

Follow Ben Richmond [link] [link] Get in Touch Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes , or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus , and NOW, you can see our smiling faces on Instagram !

XERO 40
article thumbnail

Middle East Shifting Focus Toward Renewable Energy to Boost Economy

NACM

The Middle East has relied on the production and distribution of oil for decades to sustain its economy. Now, with GDP projecting a decrease in oil and non-oil growth in the coming years, that production is expected to decline as the Gulf region prepares to invest more in renewable energy sources."We reject the false choice between preserving.

5
article thumbnail

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

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.

article thumbnail

Ep. 131: Marco Otti - Budgeting Revisited

IMA's Count Me

Contact Marco Otti: [link] Budgeting Revisited: [link] FULL EPISODE TRANSCRIPT Mitch: (00:00) Welcome back to Count Me In, IMA's podcast about all things affecting the accounting and finance world. I'm your host Mitch Roshong and this is episode 131 of our series. For today's conversation my co-host Adam spoke with Marco Otti about possible solutions in different approaches to budgeting.

article thumbnail

Robotic Process Automation: The Meaning, Myths & Truths of RPA

AvidXchange

There are several misconceptions about robotic process automation (RPA), how it works and why it’s important in the context of accounts payable (AP) automation. We’re here to address those misconceptions, reveal the truth and outline how RPA can benefit your business and the market. Robotic Process Automation Misconceptions There’s a tendency to think about RPA through a narrow technological lens as a software tool for automating repetitive work processes.

AP 40
article thumbnail

What Is Cloud Orchestration? 8 Tools To Get You Started

CloudZero

Automation in the cloud has a number of benefits that helps you save time and eliminate human error.

98
article thumbnail

What Is FinOps? And How Does It Compare To DevOps?

CloudZero

Every couple years, it seems the tech industry mashes together different team names to make up the latest discipline — whether it’s DevOps, DevSecOps, AIOps, or most recently, NoOps. The names can seem eye roll-worthy at first.

FinOps 98
article thumbnail

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.

article thumbnail

What Is Container Orchestration? (+ 4 Top Container Tools)

CloudZero

Containerization is gaining traction across nearly all industries and company sizes worldwide. In fact, the 2019 edition of Portworx’s annual Containers Adoption Survey report showed over 87% of surveyed organizations were using container technologies. Over 90% of them use containerization in production.

98
article thumbnail

Why SaaS Companies Are Reporting Weaker Margins Than They Need To

CloudZero

SaaS companies are known for their strong margins. With gross margins typically in the 60-90% range, even SaaS companies with comparatively weaker margins have a compelling business model when compared with most other industries.

98
article thumbnail

AWS Lambda Explained: The Complete Guide To Using Lambda

CloudZero

Amazon Web Services (AWS) offers over 200 services. But AWS Lambda continues to stand out for several reasons. This AWS Lambda tutorial will help explain Lambda in simple terms so you can decide if the service is suitable for your computing needs.

article thumbnail

What Is Lift And Shift Migration? (And Is It Right For You?)

CloudZero

There are several ways to migrate to the cloud today — None of which are an equal path to modernizing on-premises applications and workflows. Lift and shift migration promises cost savings, speed, and less effort compared to other cloud migration strategies.

98
article thumbnail

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.