ThomsonReuters

JUNE 8, 2023

To do this, it is essential to have a comprehensive recruitment and retention plan that incorporates key strategies such as technology, data analytics, and fostering an engaging work environment. The use of technology in recruiting and retaining top talent has become an essential part of staying competitive in the audit industry.

audit 52

audit cpas Technology Tax 52

MineralTree

FEBRUARY 23, 2023

In this blog post, we will discuss the importance of cash flow forecasting and how businesses can better manage their cash flow through AP analytics and better data management. Organizations use this data to anticipate short-term and long-term business needs and make informed financial decisions. What is Cash Flow Forecasting?

AP Automation 88

AP Automation accounting and finance AP Processes Finance 88

PYMNTS

OCTOBER 16, 2020

Harnessing consumers’ digital information is critical to the success of any business, and data analytics and artificial intelligence (AI) can be especially powerful tools. Fast-food giant McDonald’s was not interested in using AI or data analytics until it noticed that many of its competitors were benefiting from the technologies.

auditor 109

auditor Sales Technology Account 109

Accounting Insight

JULY 17, 2023

From a flexible, best-in-class offering that can seamlessly be adapted to fluctuating business conditions without the need for specialised data analysts to rebuild new models. In most cases, a budget needs to be put aside for data analysts to build and run forecasting and data analytics models for specific queries or use cases.

payroll 52

payroll Education Account accountant 52

PYMNTS

JANUARY 21, 2021

In an interview with PYMNTS, Denise Stevens , senior vice president and chief product officer at PSCU , said contextual offers and predictive analytics will help CUs compete more effectively with larger, traditional financial institutions (FIs) — and cement member loyalty. Data Analytics.

Technology 96

Technology Account accountant accounted 96

MineralTree

JANUARY 19, 2023

Why AP Automation is Key to a Strong Year Most finance predictions for 2023 focus on business process improvements and cost savings, as opposed to ground-breaking new innovations. We expect to see the majority of these AP teams use the year ahead to fill in some of those digitization gaps. of their annual revenues.

Accounts Payable Automation 76

Accounts Payable Automation accounts payable Technology AP Automation 76

ThomsonReuters

JULY 25, 2023

But how do you make the case for AI and maximize this revolutionary opportunity? The survey also indicated that advisory practices are continuing to use technology to innovate and embrace new business models to maximize value for their staff and clients. If your firm is considering an investment in tax technology, the time is now.

Technology 98

Technology Tax audit accounting firms 98

Basis 365

MAY 11, 2022

First, look at competitors' revenue in similar stages to yours and their predicted seasonal trends and other periods with higher revenues. Then, pull data from your financial reports and analytics, industry case studies, reports, and other data sources for a compilation.

Account 52

Account accountant accounted 52

ThomsonReuters

JULY 25, 2023

A recent article from Thomson Reuters, “ Baker Tilly’s Michele Donohue Makes the case for Automation in Tax Practice ,” discusses the benefits of automation in tax practice, as well as the role of artificial intelligence.

tax preparation 98

tax preparation Technology Tax accounting firms 98

Acterys

APRIL 11, 2023

This entails the use of self-learning and self-correcting financial plans and forecasts that do not require any input from finance professionals or business analysts. For example, the use of spreadsheets makes financial planning and analysis tasks wrought with missing, invalid, and unstandardized data. What is Autonomous FP&A?

Technology 130

Technology Finance Manufacturing Legal 130

Ryan Lazanis

APRIL 18, 2023

Benefits of Artificial Intelligence How is AI Used in Accounting? How to Get Started With Accounting Intelligence How AI Was Used to Write This Article What is AI in Accounting? AI in accounting can help improve accuracy and efficiency, reduce costs, and provide valuable insights and predictions for decision-making.

Account 96

Account accountant accounted Technology 96

Cherry Bekaert

JULY 31, 2023

Increasingly, front-office teams, particularly innovation and R&D groups looking to understand more about their customers, are using AI tools to dive deeper in their work. In case you missed it, here are the highlights from the thought-provoking conversation. In 2016, just four percent of the companies surveyed by MIT used AI.

Technology 52

Technology Healthcare Sales Finance 52

PYMNTS

NOVEMBER 2, 2020

Bloomberg customers will now be able to use the news site's terminal to look at Credit Benchmark 's credit risk data, which comes from risk views of the world's largest financial institutions, according to a press release. Clients will also be able to use the data for an enterprise use case, the release stated.

accounting and finance 85

accounting and finance Finance Account accountant 85

PYMNTS

NOVEMBER 24, 2020

In an interview with PYMNTS, Jeremiah Lotz , managing vice president, digital experience and payment products at PSCU , said the increasing use of analytic technology, mobile banking and platform models can help credit unions (CUs) anticipate the financial needs of their members — and even compete more effectively with larger banks in the process.

Education 107

Education accounting and finance Technology Account 107

PYMNTS

FEBRUARY 8, 2018

Can predicting the future help retailers and other organizations avoid negative outcomes? All it takes is predictive analytics, a tool powered by artificial intelligence (AI), which looks at dozens or even hundreds of variables to determine what a user is likely to do next based on what he’s doing now.

Retail 60

Retail Gaming Start-ups Sales 60

Menzies

JANUARY 7, 2024

But how can AI be used as a tool to provide greater efficiencies and further enrich the financial analysis and output? USE CASES There are so many potential use cases where AI can assist with the workload, processing, analysis, and controls within your finance function.

Finance 59

Finance Technology accounting and finance chartered accountant 59

Cherry Bekaert

APRIL 11, 2023

Implementing Advanced Risk Analytics and Data Management Many financial services companies have focused on ensuring the quality of their data used for regulatory reporting purposes. It is also important to maintain continuous monitoring and evaluation of the risk analytics and data management processes and make ongoing improvements.

Government 70

Government Legal Technology Account 70

Going Concern

MARCH 15, 2023

It’s a shame we had to scroll all the way to the bottom of this celebratory news release to find this disclaimer: AI will not be used to provide legal advice to clients and AI will not replace lawyers, nor be a substitute for professional legal services. Sounds like something AI would say. Harvey apparently was not asked for comment.

Legal 84

Legal Technology California Gaming 84

Snyder

AUGUST 8, 2022

One of the best and easiest ways to stay ahead of your competition in business is to use available data to come up with new ways of improving business processes. . Read on to learn the best processes of data analysis and the importance of data-driven analytics. What Is Data Analysis? These techniques help uncover hidden patterns.

Maine 52

Maine Start-ups Sales Finance 52

PYMNTS

FEBRUARY 2, 2021

Gourab Basu , vice president of global product at Visa, told PYMNTS in an interview that “for the first time, with the VisaNet +AI capabilities, we are using AI to solve longstanding issues for consumers, for banks, for issuers and for acquirers.” Smarter STIP — Working Throughout The Outages.

accounting and finance 111

accounting and finance Account accountant accounted 111

ThomsonReuters

APRIL 6, 2021

But those are just the basics; any financial function—from these basics to advanced forecasting—can be made programmatic and predictable. You can also help these businesses understand how business intelligence and analytics can help them spot trends and opportunities—and how they can act on them.

accounting and finance 64

accounting and finance audit CPA cpa firm 64

Cherry Bekaert

APRIL 23, 2024

Its practical applications range from suggesting the next sen­tence when crafting emails to producing lifelike animations, from enabling smart and interconnect­ed manufacturing robots to efficiently distribute workloads on assembly lines to predicting customers’ preferences or even helping land a plane. Why use AI technologies?

Technology 116

Technology Manufacturing B2C accounts payable 116

PYMNTS

SEPTEMBER 18, 2020

The initiative aims to upgrade its platform to optimize interactions between financial institutions (FIs) for heightened transparency and payments predictability. SWIFT is expected to use an application programming interface (API) to streamline interactions between intermediaries. "We

B2C 116

B2C B2B Technology 116

Cherry Bekaert

JUNE 8, 2023

These objectives and use cases should align with the organization’s strategic goals and be clearly measurable. An effective strategy centers around the business problem an organization is attempting to solve and begins with clearly defining business objectives.

Government 98

Government Start-ups Transportation Technology 98

Cherry Bekaert

APRIL 9, 2024

Additionally, insights predict future emissions and provide valuable intelligence for the journey towards decarbonization. For instance, organizations can gain visibility using a carbon reporting dashboard to understand greenhouse gas emissions. Tracking data is critical to carbon management. The report examined four primary scenarios.

Technology 52

Technology Government Account accountant 52

CPA Practice

JANUARY 16, 2023

The case for online learning is even more vital for firms that are grappling with talent shortages and a dwindling talent pool. In 2020, the World Economic Forum predicted a decline in accounting jobs by 2025. There are several advantages to using online learning to evolve your talent strategy.

West Virginia 98

West Virginia Illinois CPA forensic accounting 98

Ryan Lazanis

MAY 24, 2023

Tip 1: Leverage AI in Tax Planning Blue J Legal is a piece of software that can predict the outcome of tax cases to help automate aspects of tax planning (as well as certain advisory services ). Optical character recognition technology allows you to automatically extract this machine-readable text through the use of software.

Technology 98

Technology Account accountant accounted 98

PYMNTS

AUGUST 20, 2020

After trillions of dollars of stimulus payments, with perhaps more to come, it may seem like the wave of evictions many observers have predicted has been staved off. The timing of using tech to find common ground between renters and landlords may seem pressing, as there’s roughly $50 billion in rent in the U.S.

Government 96

Government Real Estate Account accountant 96

PYMNTS

APRIL 10, 2017

Transcepta, a procure-to-pay platform, is ramping up its use of artificial intelligence (AI), the company said late last week. In an announcement , the company said its leveraging of AI and predictive analytics technologies can enable smarter procurement decision making.

Procure to Pay Platform 46

Procure to Pay Platform Technology B2B accounting and finance 46

Withum

FEBRUARY 28, 2022

Whether from raw materials’ status or finished goods’ location, numerous forward-thinking companies are using sensors and the ever-improving internet connectivity to gather and collect data. There are many benefits associated with using IoT to control your business processes. Robotic Process Automation.

Technology 64

Technology E-commerce Transportation Management Consulting 64

PYMNTS

SEPTEMBER 24, 2020

They’ve gotten used to what Shields termed “ease of use and delightful user experience” — being able to find and buy what they want using any number of payments options. From the CFO’s perspective,” she told Webster about embedded banking, “it’s about a job to be done, and not simply about a bank product to be used.”.

B2B 94

B2B accounting and finance accounting system Start-ups 94

Cherry Bekaert

JULY 10, 2023

As middle-market organizations continue to pivot to a digital-first ecosystem to strategically use data, make smarter business decisions and deliver exceptional customer experiences, many are turning to robotic process automation (RPA) as a key component in their digital transformation journey. from 2023 to 2030 (Grand View Research).

Technology 94

Technology Real Estate Construction Healthcare 94

PYMNTS

NOVEMBER 14, 2018

Credit unions (CUs) might operate as nonprofits, but just like a traditional bank or any other for-profit business, they still need customers — or in this case, members — to thrive. As a result, CUs have invested heavily in retention and outreach efforts in recent weeks, with the purpose of strengthening member relations.

Illinois 49

Illinois Florida Technology Maine 49

PYMNTS

DECEMBER 14, 2018

B2B startups are increasingly building themselves on top of troves of enterprise data, uncovering new ways to unlock and aggregate information across enterprise platforms, and introducing new ways to analyze and make use of that data. Guru said it will use the investment to focus on further innovation of its solution. MachineMetrics.

B2B 51

B2B Technology Manufacturing accounting and finance 51

PYMNTS

FEBRUARY 7, 2020

In some cases that data is based on mobile locations; in some its based on transaction patterns. On a more sophisticated level it can include predictive analytics, real-time tracking of patterns and trends, and streamlining services and operations of companies. Google is bringing it to the broader retail market this year.

Retail 53

Retail Start-ups Technology Account 53

Snyder

JULY 20, 2022

Analytical dashboards. In the context of Business Intelligence (BI), a data dashboard or analytics dashboard is a visual presentation of data that helps users monitor performance and acts as a tracker of your company’s metrics. Operational dashboards are primarily used for process improvement activities. Strategic dashboards.

E-commerce 52

E-commerce Maine Sales Start-ups 52

Withum

DECEMBER 19, 2023

In fact, some experts predict that by 2024, we will reach the quantum supremacy, where quantum computers will outperform classical computers in certain tasks. Cybersecurity solutions that can detect and prevent threats in real-time, using advanced analytics, machine learning and blockchain technology.

Technology 59

Technology Legal Start-ups Entertainment 59