PYMNTS

APRIL 10, 2020

Financial technology innovation has opened the doors to massive transformation of corporate finance departments. While flashy corporate FinTech is exciting, innovation efforts have rarely focused on a mainstay of corporate finance teams: the financial close process, a crucial, but continually outdated function.

Technology 87

Technology accounting and finance Finance accounts payable 87

PYMNTS

OCTOBER 5, 2017

In corporate finance, automation changed the game. Accountants and other financial professionals once tasked with manual processes and number-crunching were freed up to focus on more strategic initiatives. Robotics process automation (RPA) is a recent favorite among some B2B FinTechs.

Technology 43

Technology B2B corporate accounting accounting and finance 43

Going Concern

SEPTEMBER 22, 2023

People Ken Miller set to retire after more than three decades of service [ Virginia Tech ] After more than 35 years of dedicated service to Virginia Tech, Ken Miller has announced his retirement. Miller was appointed vice president for finance in April 2020 and also serves as the university treasurer. That was all ego.

audit 107

audit accounting and finance Virginia auditor 107

PYMNTS

SEPTEMBER 28, 2017

The future of the corporate accountant is in flux. FinTechs are developing ways to automate accounting tasks, forcing human accountants to provide more strategic, value-added services. That doesn’t mean corporate accountants are jumping ship, however. Embracing The Cloud.

Account 43

Account accountant accounted corporate accounting 43

PYMNTS

JANUARY 30, 2019

Corporate consulting company Accenture is debuting its SynOps enterprise automation technology five years in the making, a tool that reports said could accelerate some organizations’ shift away from human capital or re-allocate human talent to more strategic roles.

Technology 46

Technology accounting and finance Finance Account 46

PYMNTS

AUGUST 17, 2018

Bots are marching steadily into the corporate accounting department as professionals feel more comfortable handing tasks to a machine. The more bots make their way into the accounting department, the more concerns arise about jobs, compliance, trust and other industry-unknowns. “This is such new territory for everyone.”

Account 44

Account accountant accounted Technology 44

PYMNTS

JUNE 26, 2020

This challenge exists for professionals across the back office, but in business accounting, the lack of data integration and accuracy mean finance experts are spending valuable time correcting information and moving numbers from one platform to another. ” Supporting an Accounting Shift.

Account 52

Account accountant accounted accounting and finance 52

PYMNTS

MARCH 10, 2016

Microsoft is hardly new to cloud technology, and its enterprise-focused cloud computing platform, Azure, is the culmination of the tech giant’s recent Software-as-a-Service focus. The company said this week that its new enterprise accounting solution, Dynamics AX, will run entirely on the Azure cloud infrastructure.

Finance 40

Finance Technology corporate accounting accounting and finance 40

PYMNTS

AUGUST 24, 2018

Investors also took a liking to accounting technology, alternative small business finance and eProcurement, with B2B FinTech startups raising more than $107 million in all. million to the company that deploys machine learning to accelerate supplier payments in the accounts payable department. Consero Global.

B2B 40

B2B Finance bookkeeping B2C 40

PYMNTS

APRIL 11, 2017

It’s not enough for a technology to be a proven way to improve business processes: Adoption of new tech is a tough sell. For SMEs, limited resources may stifle the ability to invest in new technology. For larger corporates, red tape and old habits challenge the adoption of disruptive tools.

Technology 47

Technology Construction accounting and finance corporate accounting 47

PYMNTS

MAY 27, 2016

Like an aftereffect of a sci-fi film, the rise in automation within corporate financial teams has led to fears and anxiety: Will humans no longer be needed in the accounting department? Are the CFO and corporate treasurer becoming extinct? Automation and accounting software may be to blame, the publication said.

Account 41

Account accountant accounted Technology 41

PYMNTS

JULY 2, 2018

Financial Reporting Council’s Financial Reporting Lab has released a new report on the potential applications of blockchain in the corporate accounting space. According to reports, the group is taking a cautious approach to the technology.

Technology 40

Technology accounting and finance corporate accounting Finance 40

PYMNTS

FEBRUARY 15, 2019

The largest round of the week went to OakNorth , but other significant investments landed at supply chain management, corporate accounting and small business finance players, totaling more than $821 million in total VC funding. Open Financial Technologies. India’s Open Financial Technologies raised $4.6

Technology 49

Technology accounting and finance B2C B2B 49

Going Concern

OCTOBER 21, 2022

KPMG flunks US overseas audit inspections twice as often as rivals [ Financial Times ] US regulators were twice as likely to find flaws in audits conducted by the overseas affiliates of KPMG than those of any other Big Four accounting firm, an analysis of inspection data shows. Accounting Firm Mergers. Understaffed?

audit 80

audit CPA accounting firms accounting and finance 80

PYMNTS

JUNE 23, 2017

’s AimBrain deploys biometric authentication technology to combat fraud for FinTechs and financial institutions. Corporate Banking. Corporate Accounting. EaseCentral said it also plans to expand staff and focus on product development. Enterprise Security.

B2B 68

B2B Spend Management Tools Spend Management corporate accounting 68

PYMNTS

MARCH 23, 2016

Accounts payable solution Anybill is getting closer to existing partner Intacct in an effort to streamline the flow of financial data between the two platforms. An announcement on Tuesday (March 22) said Anybill has extended its venture with Intacct, which provides ERP software.

accounts payable 40

accounts payable Account accountant accounted 40

PYMNTS

FEBRUARY 7, 2018

Artificial intelligence (AI) is finding success in the back office, and that includes in financial systems and accounting departments. To achieve this, companies have to take into account the device through which customers pay, their preferred payment rail, even details like what time of day is best to contact them about a payment that’s due.

accounting and finance 43

accounting and finance Legal accounts payable Technology 43

PYMNTS

JUNE 1, 2016

There are market forces at work threatening the job of the chief financial officer, and we’re not just talking about the role automation and robots can play in replacing human employees. corporations, and with new management, comes demand for younger (read: cheaper) talent. A new generation is taking the lead at U.S.

Technology 41

Technology accounting and finance Finance B2B 41

PYMNTS

OCTOBER 2, 2017

Within the finance and accounting world, there seemed to be general resistance to the cloud, mainly circulated around security,” he said. When you have a team of people working on different aspects of your accounts, there are a lot of moving parts,” he said. The Trouble With Data.

accounting and finance 43

accounting and finance Technology Finance Maine 43

PYMNTS

MAY 10, 2018

Businesses are largely behind the push, with government initiatives promoting a digital economy and FinTech innovators targeting corporate payments and finance in addition to their consumer-focused endeavors. In FY2012, corporate lending accounted for half of banks’ revenues linked to advances or income interest, reports said.

accounting and finance 40

accounting and finance Technology Government B2B 40

Snyder

MARCH 6, 2023

Our fast-paced world has transformed many jobs, but few seem to have changed as much as what accountants typically did even 20 years ago compared to today, next year, or the next decade. So, let’s look at the accountant roles of today and the current trends that influence what the roles of an accountant of tomorrow will entail.

forensic accounting 52

forensic accounting Account accountant accounted 52

PYMNTS

JUNE 9, 2017

In payments and FinTech, it’s often the startup’s job to disrupt an industry with many legacy businesses, outdated technologies and processes. That’s especially true in corporate accounting, says Beanworks CEO Catherine Dahl. When I speak with customers or accounting professionals, it comes up on a regular basis.”. “I

Technology 43

Technology accounts payable Account accountant 43

PYMNTS

MARCH 20, 2018

The rise in automated solutions – especially in various finance functions – initially led to concern among financial professionals that their positions might be replaced by robots. With automation becoming more commonplace, however, it’s clear that humans are undoubtedly still needed in the enterprise.

Technology 47

Technology Account accountant accounted 47

PYMNTS

JANUARY 26, 2018

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data. Open Banking initiatives in the EU, U.K.,

general ledger 47

general ledger corporate accounting Technology accounting and finance 47

PYMNTS

AUGUST 6, 2018

Two accounts receivable companies, REPAY Realtime Electronic Payments and InterProse, are integrating their perspective technologies to enhance accounts receivable (AR) services for joint customers. A press release from Friday (Aug. per document.

Account 40

Account accountant accounted accounting and finance 40

PYMNTS

JULY 25, 2019

challenger bank Starling Bank has introduced a new feature to let multiple business owners access a single account. Starling noted that the feature is rolling out 16 months after it first launched its bank account for single-person businesses. Today, that service is nearing 60,000 users, the bank said. in real-time.

Account 53

Account accountant accounted Technology 53

PYMNTS

JANUARY 16, 2019

based challenger bank, is expanding its existing partnership with digital payments company PrePay Solutions (PPS) to add corporate accounting and invoicing to its platform. Coconut , a U.K.-based In a press release issued on Tuesday (Jan. Coconut first teamed up with PrePay Solutions last year to help launch the company.

corporate accounting 51

corporate accounting bookkeeping accounting and finance Technology 51

Going Concern

NOVEMBER 10, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. “Considering both the scope and scale of AI’s impact on financial reporting, enhancing audit quality by using technology to stay ahead of emerging risks is expected.”

audit 120

audit accounting and finance auditor Mississippi 120

Going Concern

JANUARY 5, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. And take our 2024 Predictions for the Accounting Profession survey ! Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

tax return 109

tax return Virginia accounting and finance audit 109