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ChatGPT Can Pass the CPA Exam But Here’s What It Can’t Do (Yet)

Going Concern

and we’ve been hearing for at least as long as this website has been alive that AI will all but eliminate accountants. No doubt, as time goes on, AI will get better and more positions may be replaced by AI but do you, the accountant, have to worry about your job? That’s perfectly natural, especially in high-strung accountants.

CPA 89
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Cross-Border Payment Efforts Look To The Blockchain And Beyond

PYMNTS

Separately, Bill.com , in addition to securing $88 million in financing, has launched a partnership with Mastercard to speed up accounts payable for joint business customers. During the second quarter, the company will enable payments to more than 14 countries spanning the U.S., Canada and Asia.

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Deep Dive: Emerging Response To B2B, P2P Cross-Border Payments Pain

PYMNTS

The cross-border business payments market is significant, as Medici research finds that international accounts payable (AP) by small- and medium-sized businesses (SMBs) currently hold approximately $7 trillion, and marketplace payouts amount to about $8 trillion. International B2B Payments Pains.

B2B 41
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Executives Brace For AI To Fuel Gig Economy Boom

PYMNTS

In the workplace, robotics and machine learning is already disrupting everything from accounts payable to customer support, but new research from Pegasystems in its “ The Future of Work ” report suggests employees should anticipate working alongside them.

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Startup Roundup: Letting The Machines Do Their Thing

PYMNTS

Automation could replace 30 percent of jobs by 2030 and affect fully half of all jobs by then. The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms.

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Startup Roundup: Letting The Machines Do Their Thing

PYMNTS

Automation could replace 30 percent of jobs by 2030 and affect fully half of all jobs by then. The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms.

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How CFOs Can Prepare for Financial Digital Transformation

MineralTree

According to Finance 2030, finance leaders are spending up to 19% more time on value-added activities than they did 10 years ago. It should then come as no surprise that automating accounts payable processes is an important part of financial digital transformation. The Ability to Be More Strategic.