CPA Practice

JUNE 9, 2023

Personalized Marketing: AI algorithms can analyze customer data and behaviors to create personalized marketing campaigns and improve customer engagement. Predictive Analytics: AI can provide valuable insights on customer behavior, market trends, and product performance, enabling CMOs and CGOs to make data-driven decisions.

Construction 98

Construction Account accountant accounted 98

Acterys

APRIL 11, 2023

This requires responding even faster (almost in near real-time) to opportunities and threats by cutting out the guesswork and instead executing plans on the fly based on accurate data analyses. CFOs are currently transitioning towards autonomous financial planning and analysis (FP&A) in order to attain heightened agility.

Technology 130

Technology Finance Manufacturing Legal 130

ThomsonReuters

FEBRUARY 16, 2024

The proper utilization and deployment of technological solutions alongside valued tax professionals is how successful tax departments deliver valued analysis, insights, and guidance for their organizations. This makes data management matter more than ever. Whether it’s regulatory requirements, such as DAC7, GMT, BEPS 2.0

corporation tax 96

corporation tax Technology Tax accounting and finance 96

ThomsonReuters

FEBRUARY 22, 2024

The good news is, AI should solve many pain points and make it easier (and quicker) to do a good job: cutting out repetitive processes and minimizing the risk of error, while enabling you to stay ahead of fast-changing regulations and keep on top of disparate data.

corporation tax 93

corporation tax Tax Technology audit 93

Acterys

FEBRUARY 14, 2023

As the amount of data increases, organizations want to invest in a complete planning solution that can connect to multiple data sources, extract, and optimize data models, and offer accurate demand forecasts that can help manage optimal inventory levels. Let’s get started. How to Perform Inventory Planning?

Technology 130

Technology Start-ups Manufacturing Finance 130

ThomsonReuters

MARCH 6, 2024

In the corporate tax space, just as the regulatory compliance landscape becomes more challenging and reporting requirements become more demanding, technology is advancing rapidly to crunch vast amounts of data in no time and streamline labor-intensive processes. AI is adept at supporting both. AI is adept at supporting both.

Tax 88

Tax corporation tax Technology auditor 88

Acterys

AUGUST 12, 2022

It was b uilt for analyzing data, but the visualization and data modelling capabilities also make it the perfect platform for collecting data down to very sophisticated x P&A ( Extended Planning & Analytics) processes. The only thing that a user with a Power BI planning process requires is a web browser.

accounting and finance 130

accounting and finance Start-ups Finance Account 130

Acterys

JANUARY 31, 2022

It helps businesses build automated processes to manage inventory and orders, provides modules for accurate accounting and reporting, and ensures greater productivity and smarter decisions through near real-time data for sales, inventory, and finance. So how can businesses integrate DEAR Inventory data with Power BI?

NetSuite 130

NetSuite quickbooks Start-ups accounting and finance 130

Xero

APRIL 23, 2024

The latest Xero Small Business Insights (XSBI) data is a good reminder about the important contribution your small business makes to your local community, particularly around job opportunities. What is the latest XSBI jobs data showing? In fact, jobs growth is either already well above average, as seen in New Zealand, or accelerating.

Hospitality 86

Hospitality bookkeeping Healthcare payroll 86

Acterys

MAY 13, 2022

For over 20 years the Acterys founders have been very closely involved in the evolution of performance management processes working with most major technologies. Cost Saving and Process Efficiencies for Planning & Analytics Through Platform Unification. Monitoring: Actual vs Target Analysis. Current Situation. The Plumbing.

Technology 130

Technology Maine Finance 130

ThomsonReuters

APRIL 18, 2024

Save time with internal processes Accelerate workflows by relying on generative AI as an efficient research tool. Embrace the future of GenAI Receive the trusted guidance and expert analysis you deserve through CoCounsel. Vet tax positions, tackle questions, and empower junior staff to find answers. The answers you need fast.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

DECEMBER 8, 2023

From paper-based processes to cloud-based software, accountants are no strangers to change. While the integration of AI in accounting processes holds immense potential for efficiency and accuracy, it also raises ethical considerations that demand careful navigation. As technology has evolved, so too has the accounting profession.

Account 108

Account accountant accounted Technology 108

Acterys

FEBRUARY 7, 2023

In this blog, we bring everything together by reviewing the step-by-step process that companies can adopt to lay out a plan that is most suitable for their requirements. Unifying data across systems is the first step in a successful planning process. Let’s dive in.

Maine 130

Maine Sales Manufacturing audit 130

ThomsonReuters

MAY 16, 2024

When it comes to the tax and accounting profession, GenAI is ushering in a new era of increased productivity, efficiency, and data-driven insight. When it comes to the tax and accounting profession, GenAI is ushering in a new era of increased productivity, efficiency, and data-driven insight. Let’s take a look. Let’s take a look.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

JULY 25, 2023

Benefits of automation in tax practice Throughout the article, Donohue explains the need for technological advancements in tax practice and how those needs stem from modern challenges, such as increased regulatory complexity and the explosion of digital data.

tax preparation 98

tax preparation Technology Tax accounting firms 98

ThomsonReuters

JUNE 28, 2023

To do this, auditors must leverage technology and data analytics to innovate and sustain their edge over the competition. In this article, we will explore how using data analytics and automation can help enhance the auditing process, achieve greater operational efficiency, and ultimately set your firm apart.

audit 98

audit Technology auditor Start-ups 98

ThomsonReuters

APRIL 17, 2024

Respondents in the report envision it as a tool that can increase efficiency and productivity, streamline work processes, and improve work quality. The emergence of g enerative artificial intelligence ( GenAI ) has sparked both excitement and apprehension in the tax industry, with professionals divided on its potential impact.

Tax 98

Tax tax preparation tax return Technology 98

Ryan Lazanis

APRIL 18, 2023

AI in accounting refers to the use of artificial intelligence (AI) technologies, such as machine learning algorithms and natural language processing, to automate and enhance various accounting processes. This includes tasks such as financial reporting, audit and compliance, fraud detection, and data analysis.

Account 96

Account accountant accounted Technology 96

ThomsonReuters

JULY 6, 2023

Tax teams prepare tax provisions by gathering data, performing calculations, and entering the results into forms. However, corporate tax teams find it difficult to automate this process. APIs can build things like simple interface functions into complex data-driven applications and let developers easily integrate two software programs.

Tax 92

Tax general ledger corporation tax audit 92

Airbase

DECEMBER 5, 2023

This blog explores the critical importance of these reports, delving into how they contribute to financial transparency, regulatory compliance, and the overall efficiency of business operations. Let’s get started on improving your expense reporting processes! 4) Categorize your expenses for clear reporting and analysis.

Approval Workflows 130

Approval Workflows Expense Management Entertainment Technology 130

ThomsonReuters

APRIL 30, 2024

Accounting firms are leveraging advanced software, automation, and AI-powered solutions to streamline processes, improve efficiency, and deliver better outcomes for clients. It’s a blend of art and science, the mastery of which leads to sustained growth and long-lasting client relationships. Let’s take a look. Automation.

Technology 52

Technology accounting firms financial statements Tax 52

ThomsonReuters

OCTOBER 24, 2023

Data is king in today’s fast-paced world of finance and tax. Yet, for many companies, the journey of data from disparate sources to financial close, tax returns, and reporting can be torturous. This data is often coming from a variety of sources, which can make it difficult to reconcile. based CFO Consultants, in a blog post.

Technology 52

Technology Tax corporation tax accounting and finance 52

ThomsonReuters

JUNE 16, 2023

This includes having familiarity with the following: Big data analysis and advanced modeling techniques Business intelligence software Enterprise resource planning (ERP) systems A 2023 AICPA poll found that data analytics topped the list with essentially all accounting firms (99 percent) citing data analysis, tools and techniques (e.g.,

Account 98

Account accountant accounted Technology 98

ThomsonReuters

APRIL 19, 2023

Automation tools can help streamline processes , reduce inefficiencies, and free up human auditors to focus on higher-value tasks. To remain competitive, audit firms must invest in the four key areas: people, processes, technology, and planning. Standardization can help firms save significant time and reduce inefficiencies.

audit 105

audit Technology auditor Start-ups 105

ThomsonReuters

APRIL 21, 2024

This can include the risk of rejection during import or export, lengthy refund processes (even if you overpay duties), and the possibility of confiscation in some countries. For corporate tax professionals, navigating the ever-evolving landscape of tax codes and regulations is often a daunting task. The proposed H.R.

Tax 52

Tax corporation tax Technology tax planning 52

CPA Practice

APRIL 3, 2024

It brings together the technology, people, and processes needed to maximize capacity and streamline practices for ultimate efficiency. Firms will see a massive reduction of human error, superior reporting, as well as real-time data entry available 24/7. Botkeeper heralds Infinite as a “complete solution” for firms’ bookkeeping needs.

Technology 64

Technology general ledger bookkeeping accounting software 64

Acterys

MARCH 28, 2022

In this blog, we’ll explain: What rolling forecasts are. How a unified xP&A platform can help simplify and streamline the rolling forecasting process. The starting point for rolling forecasts is a baseline forecast for the upcoming fiscal period based on the historical data related to critical KPIs. Adjustable.

accounting and finance 130

accounting and finance Finance Government Start-ups 130

Snyder

JUNE 17, 2022

With rapid development of technology and even more rapid increase in the amount of generated data, data analytics is defining the success of any business trying to keep up and provide the best customer experience. This is when data visualization comes into play. What is data visualization? Types of data visualization.

E-commerce 141

E-commerce Technology accounting and finance Finance 141

ThomsonReuters

JUNE 29, 2023

As most of us know, tax and accounting automation involves s treamlining and standardizing tax inputs and workflow processes using technology. Application Programming Interfaces (APIs) are bits of software code that allow two unrelated systems to access and use each other’s features or data. How do APIs help with automation?

Technology 98

Technology accounting firms Tax Account 98

Acterys

FEBRUARY 3, 2023

In the previous blog, we learned what inventory planning is , why it is important, and some of the most common challenges to resolve while developing an inventory plan. Inventory replenishment (a subpart of inventory planning) is the process of ordering and purchasing new stock to maintain suitable inventory levels.

Manufacturing 130

Manufacturing Sales Start-ups Retail 130

Acterys

FEBRUARY 22, 2023

They monitor past data, understand the present financial position, and prepare for the future accordingly. They are responsible for supporting the financial planning and decision-making processes of an organization through data analysis and reporting. Here are some examples of financial statements: 1.

financial statements 130

financial statements accounting and finance Sales Finance 130

Acterys

JUNE 16, 2023

A meticulously designed budget is essential for tracking revenue and expenditures, pinpointing areas for cost savings, and making data-driven decisions about your company’s future. At its core, a financial budget helps determine your cash flow and make adjustments based on the business plans and market environment.

Finance 130

Finance accounting and finance Sales Start-ups 130

Withum

MARCH 5, 2024

Testing metrics play a crucial role in assessing the effectiveness and efficiency of the software quality assurance testing processes. In this blog post, we’ll delve into essential test metrics, providing formulas and insights to help you enhance your testing strategy. Now, let’s take a deeper dive into process metrics.

59

59

Xero

APRIL 9, 2024

From what we can tell, this XSBI data is the first time that small business labour productivity has been measured using anonymised and aggregated data (not surveys) for small businesses only, on a monthly basis, and using the same methodology across each country. What is small business productivity? Methodologies also tend to differ.

Technology 87

Technology bookkeeping Sales Government 87

ThomsonReuters

MAY 17, 2023

As we complete our examination of the impacts of SAS 145 for tax and accounting professionals, we’ll build on our previous posts on risk assessment , documentation and analysis , and balancing scope and complexity in auditing. In this last post, we’ll look at risks that can arise from the use of IT in accounting and auditing.

auditor 52

auditor audit Technology Tax 52

CPA Practice

APRIL 11, 2023

This article first appeared on the Thomson Reuters blog.] Streamline workflows When data is siloed in separate applications and disconnected systems, it hurts productivity and profitability. This is especially true for firms eyeing a capital infusion from private equity investors. What are the benefits of an improved tech stack?

Technology 105

Technology accounting firms tax return Tax 105

ThomsonReuters

JULY 25, 2023

Perhaps one of the most significant advantages of AI is its ability to identify patterns in large data sets. From an audit perspective, this enables accountants to analyze massive amounts of data and quickly identify anomalies and outliers. This allows firms to stay ahead of ever-changing tax regulations and shifting market conditions.

Technology 98

Technology Tax audit accounting firms 98