Finance

10 Developments Shaping The Future of Accounting – Forever

10 Developments Shaping The Future of Accounting – Forever

Every business needs accounting, and accounting needs to keep up with the times. Here are ten developments shaping the future of accounting – forever. The role of accounting has changed rapidly in recent years, and the trend is only accelerating. Thanks to a combination of factors including a fast-evolving regulatory landscape, emerging business trends, and…

The Future of Finance Depends on AI and Unstructured Data – Here’s Why

The Future of Finance Depends on AI and Unstructured Data – Here’s Why

AI and unstructured data go hand-in-hand because AI is uniquely suited to help us make sense of unstructured data. Unstructured data is information that doesn’t have a predefined structure or format, making it difficult for traditional software programs to process and extract value from it. This includes things like text, images, audio, and video. On…

10 Best Practices For Crafting The Perfect Expense Policy

10 Best Practices For Crafting The Perfect Expense Policy

When it comes to business expenses, there are good ways and bad ways to handle things. The easy way is to collect all the receipts and let the accountant sort them out. That may be easy for those submitting expenses, but it’s hard on the finance department – meaning time-consuming and costly. The right way…

Invoice Fraud: How to Protect Your Business from This Growing Threat

Invoice Fraud: How to Protect Your Business from This Growing Threat

Businesses of all sizes are at risk for invoice fraud. This type of fraud occurs when someone posing as a legitimate vendor sends an invoice to a business for services or products that were not actually provided. The goal of the fraudster is to get the business to pay the invoice and release the funds,…