Why Implement AI in Your Finance and Accounting Department
Artificial Intelligence (AI) is something everyone usually associates with Information Technology (IT). Although AI plays an essential role in IT departments in most organizations, it’s starting to expand outside of those perimeters, especially in finance & accounting departments.
Internal Controls: How To Use Them And Why Private Companies Should Adopt Them
For privately held companies, it’s critical to take steps to safeguard your organization from fraud and other risks that may negatively impact your operations. An effective way to help your organization mitigate risks and achieve its objectives is through internal controls.
Best Practices for Handling Accounts Payable at Year’s End Close
To properly close out your organization’s balance sheets and pay what you owe to lenders and suppliers before the end of the year, we outlined several key tactics for your accounting team to implement to successfully take care of your accounts payable for the year.
Why is Robotic Process Automation (RPA) a “must” for the Finance Industry?
It is no surprise that the finance industry has welcomed the rise of Robotic Process Automation (RPA). Mistakes are time-consuming, costly, and detrimental to your Business. RPA allows teams to automate compliance into a repeatable process and identifying any irregularities.
Risk Accounting Can Improve Your Profits
Within a generation, the advances in technology have undergone dramatic changes. The world is growing more interconnected thanks to electronic
Bad Accounting Structures Can Doom Startups
Bad accounting structures exist in companies for a wide range of reasons, and in the article, “The Five Most Common
Achieving Cost Control Success
Business costs fluctuate and hopefully adjust in response to marketplace dynamics. As economic factors shift nationally, organizations are seeking out
Where Is Technology Taking Auditing and Accounting?
Technology is paving the way for the newest developments in auditing and accounting. It seems as soon as one cutting-edge