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Survey Shows Divide Among Finance Pros When it Comes to the Future of Finance

CPA Practice

The AICPA & CIMA have released their “Redefining Finance for a Sustainable World ” white paper, the latest iteration of their Future of Finance research program. A clear divide has opened up between accounting and finance professionals who work as business partners and those who don’t.

Finance 84
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Should you consider an automated indirect tax system? 9 key questions to ask

ThomsonReuters

A company’s decision to introduce indirect tax (IDT) automation into its tax processes is often fraught with indecision and uncertainty. Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be.

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Challenges and opportunities for accounting firm partners transitioning to the cloud

ThomsonReuters

In today’s dynamic and competitive business environment, owners and partners of accounting and audit firms should, at least, be considering cloud-based technology as part of their broader strategies. There are, however, other considerations at play and challenges that accounting firm leaders may face when looking to move to the cloud.

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The tortured journey of data: How tax technology speeds up tax compliance, provision, and reporting

ThomsonReuters

Data is king in today’s fast-paced world of finance and tax. In addition, as businesses become more globalized, accountants must be able to account for transactions in multiple currencies,” wrote Benjamin Wann, owner of Asheville, N.C. accounting software, payroll, etc.) accounting software, payroll, etc.)

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Nearly 40% of CFOs Don’t Completely Trust Their Financial Data

CPA Practice

Confidence in cash flow visibility also remains stubbornly low, making it difficult for organizations to respond to unexpected market changes, according to a survey commissioned by digital finance transformation leader BlackLine, Inc. More than three-quarters (78%) of overall respondents are concerned about another global financial crisis.

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Keeping staff happy: 4 ways firms can attract and retain accounting talent

ThomsonReuters

Thomson Reuters set out to answer that question by surveying more than 100 CPAs who are currently employed as accountants. The results show that tax and accounting professionals know exactly what they want in an employer—and here’s how firms can heed the call. The answer lies in using technology to your advantage.

Account 98
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5 steps to win a business case for an indirect tax technology solution

ThomsonReuters

For indirect tax teams, the question of whether and when to invest in more tax technology often looms large, depending on the size of the organization and the immediate challenges facing the department. So when is the right time to invest in indirect tax automation ? Get ahead of indirect tax problems. Reduced support costs.