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The development of Artificial Intelligence is swiftly moving from experimental pilots to widely accepted use, and Chief Financial Officers are the main players in this change. The finance leaders of today, who were once considered only overseers of budgets and rules, are now regarded as the main drivers of the company’s strategic growth. AI technology … Continued
Managing customer payments and maintaining a healthy cash flow are critical for every business. Even with rigorous credit policies, companies face inevitable uncollectible receivables. In fact, bad debts affect an average of 9% of all credit-based B2B sales in the US, which underlines the financial risk that comes with extending credit. As a business owner, … Continued
Accounts payable (AP) is the lifeblood of the financial success of any company, but 39% of invoices still contain errors, and some businesses take an average of 14.6 days to process a single invoice manually. These issues, ranging from invoice adjustments, late payments, manual routines, to compliance problems, often lead to errors, missed due dates, … Continued
Companies are being duped into paying tens of millions of dollars each year by increasingly clever fraudsters, hackers, and identity thieves, who are rapidly becoming adept at using deepfake technology to impersonate people. That’s an alarming sign! Financial fraud can significantly impact your business by causing direct financial losses, undermining your operations, and severely damaging … Continued
A well-structured profit and loss (P&L) statement is a vital accounting tool used by the finance team, VPs, managers, and CFOs to assess the financial performance of a company. This report summarizes revenue streams, business expenses, COGS (cost of goods sold), and net income over a specific period. Whether you’re managing a startup or a … Continued
Never miss any payment or leave your company without an opportunity to keep rolling.
Never miss any payment or leave your company without an opportunity to keep rolling.