Biometric time clock systems have the potential to save time and money — and make it easier to track hourly employees. Mobile and cloud-based biometric time clock systems allow workers to log in from home or remote locations via their smartphones or other devices. And AI-powered systems are helping companies analyze employee work patterns to […]
Business and tech leaders admit their organizations aren’t looking before they leap. Fifty-eight percent of 1,000 CFOs and CIOs say they’ve yet to complete “a preliminary [emphasis ours] assessment of AI risks in their organization,” according to PricewaterhouseCoopers’s 2024 U.S. Responsible AI Survey. Yet only 13% of respondents are still in the AI exploration mode. […]
Artificial Intelligence is perfect for a range of Finance tasks. Billing, analysis, data processing — in many cases, the mundane but critical duties that require staffers’ time. One major exception? Accounting. The “Big Four” accounting firms (Deloitte, Ernst Young, PricewaterhouseCoopers and KPMG) all agree that AI and machine learning will certainly augment accountant and audit […]
Excel is great for summarizing data in tables, charts and PivotTables. Here are a couple of time-saving methods for summarizing data in Excel that Finance staffers can try: Excel Special Paste The Special Paste feature can be used to copy and paste both static and linked data. To use it, first copy the data that […]
Finance technology is changing all the time. Trends come and go. But the underlying goals of finance teams don’t change much at all. The top goals of teams that manage the invoice‑to‑cash process remains the same — to improve payment timelines and reduce outstanding balances by strengthening customer relationships. A new report — The State […]
AI and machine learning technology is giving companies an edge like they’ve never enjoyed before. Businesses can pinpoint exactly which customers (and which kinds of customers) are more likely to buy their products — and a whole lot more. Such as, when customers are more likely to shop and buy. And of course, at how […]
Can a company’s cybersecurity weakness equate to “ineffective accounting controls?” The Securities & Exchange Commission (SEC) says yes … … but for now, the courts say no. The SEC charged SolarWinds and its chief information security officer (CISO) Timothy Brown with fraud and internal control failures under section 13(b)(2)(B) of the Securities Exchange Act. SolarWinds […]
Fully integrated, automated payments! A dream goal for many CFOs and controllers. Imagine how much more mission-critical work finance staffers could dig into? Here’s a reality check: If you’re still in the process of transitioning from manual to automated processes, you’re far from alone. Just 5% of mid-sized companies (annual profits between $3 to $15 […]
Excel financial formulas allow users to process accounting data quickly and easily. To use a financial formula in Excel, click on the “Formula” tab along the main tool bar. From the function library, click on “Financial” and select the formula you want to use from the drop down menu. After selecting the formula that you […]
