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Gappify Launches Chatbot For Corporate Accountants

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Gappify is the latest company to roll out business accounting-related chatbot technology. 20) that it has launched Alan, chatbot technology designed to assist business accountants. Gappify and Alan will enable finance staff to keep pace with the speed of business and finance evolution in an era of increasing complexity.”.

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Number Of Corporate Accounting Errors Unexpectedly Climbs

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While the number of mistakes has declined every year since 2006, during the first six months of 2018, 65 companies found accounting mistakes that required them to restate and refile entire financial filings, compared with 60 companies for the same period last year. tax law and revenue accounting rules.

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Starling To Open Business Account Services Beyond Sole Traders

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. “We started with a retail current account and then we launched business accounts, first for limited companies with a single director and now for sole traders as well, and soon for multi-director limited companies,” she said. “Very much focusing on the [SMB] space of one to 10 employees.”

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Pulling Back The Curtain On Corporate Finance Reports

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Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity. ” Meanwhile, previous research from Audit Analytics has also revealed that the number of accounting errors among the U.S.’s

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Corporate Finance’s Interest In AI Doesn’t Lead To Adoption: Oracle

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Corporate treasurers are exploring AI for their own cash management and forecasting needs, while AI is also being explored among both traditional and alternative finance players for risk mitigation and underwriting purposes. ” Even so, only 11 percent of companies surveyed have integrated AI within their finance functions. .”

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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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Starling Bank Launches Multi-owner Accounts For Larger SMBs

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A press release Wednesday (July 24) said the financial institution is pursuing larger firms on the SMB spectrum with its multi-owner account support, enabling companies with multiple executives in-charge to gain access to and manage a single corporate account. Today, that service is nearing 60,000 users, the bank said.

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