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Number Of Corporate Accounting Errors Unexpectedly Climbs

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Errors can be anything from a misapplication of accounting principles to an error in inputs in accounting software or an error in [Microsoft] Excel schedules,” said Michael Burke, partner at accounting firm UHY LLP, according to The Wall Street Journal. percent stake in CWGS Enterprises.

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Gappify Launches Chatbot For Corporate Accountants

PYMNTS

The solution is integrated into Gappify’s cloud accounting software and can complete various tasks related to accounts payable, accounts receivable, payroll and other cash management functions, the company said. Gappify isn’t the only company to design a bot for corporate accounting purposes.

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Deep Dive: How Open Banking Helps Accelerate B2B Payments

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Payments providers can automatically access payment data to seamlessly transfer funds between banks without building custom software for each bank with which they connect. Corporate accounting software can use open banking to automatically access bank information rather than rely on outdated and insecure practices like screen scraping.

B2B
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The Gig Economy Grows Up

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Companies that outsource large amounts of work in a freelance model are learning that legacy accounting software isn’t set up for that. As detailed in the report, California’s Assembly Bill 5 may be an unwelcome disruption for gig workers, even as it attempts to bring fairness and corporate accountability to their lives.

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Accountants May Be Bucking The Innovation-Averse Trend

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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.

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Closing The Books Is Now A Lesson In Corporate FinTech Innovation

PYMNTS

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.,

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Robotics Aims To Empower Accountants When ‘Automation’ Falls Short

PYMNTS

But, tools like electronic payments and cloud accounting software are far from the only forces that alter the corporate accounting landscape. There is a bit of a lag with accounting in terms of understanding what’s going on,” he said. “We We accountants are typically slow to change.”.