Where there is smoke, there tends to be fire. But where there exists the repeated appearance of deficiencies in the audit process of a business, there often tend to be deeper issues across internal controls, financial reporting, governance or compliance — issues that can ultimately...
Revolut Business has launched Revolut BillPay, a feature that automatically pulls bills in from the user’s accounting software or allows users to upload bills to their account. “With full 2-way syncing and AI-powered data extraction for every part of every bill, all that’s left for...
Accounting automation firm Rillet has raised $13.5 million to develop its platform. “Today, high-growth companies face a catch-22 when it comes to accounting: use 25-year-old software built for small businesses that doesn’t meet their needs or 25-year-old software built for large corporations that doesn’t either,” the company...
The artificial intelligence (AI) revolution drives transformative changes across various sectors, from accounting and regulatory frameworks to energy efficiency and tech infrastructure. Venture capital firm Andreessen Horowitz reports AI’s potential to streamline accounting, while Google’s support for AI regulation highlights Big Tech’s call for responsible...
March 19, 2024
Steve Sprague, chief strategy and product officer at Sovos, told PYMNTS in a recent interview that tax compliance is changing — from an intermittent activity to a continuous one. In the past, corporate back offices were satisfied with legacy accounting systems and may have assumed that those systems will extract a “big enough file” to […]
February 06, 2024
One of the biggest challenges to account for in cross-border payments is, well, the accounting. It’s a silent but often deadly snarl that can tangle up business’ plans to tap...
July 31, 2023
Today’s CFOs find themselves more and more in the driver’s seat. But that doesn’t mean the road ahead is a clear one. Coming out of a choppy past couple years into...
March 29, 2023
Contextual real-time data, not Advil, is helping CFOs solve lingering spend management headaches. Flurries of payments and accompanying reports have kept chief financial officers on their toes for years. Still,...
September 11, 2024
Accounting giant PricewaterhouseCoopers (PwC) is reportedly cutting around 1,800 jobs. The layoffs, its first in 15 years, will be accompanied by a restructuring of PwC’s technology group amid slowing demand for its advisory services, the Wall Street Journal reported Wednesday (Sept. 11), citing sources familiar with the matter. Those sources say PwC — one of […]
September 04, 2024
Revolut Business has launched Revolut BillPay, a feature that automatically pulls bills in from the user’s accounting software or allows users to upload bills to their account. “With full 2-way...
July 29, 2024
Accounting automation firm Rillet has raised $13.5 million to develop its platform. “Today, high-growth companies face a catch-22 when it comes to accounting: use 25-year-old software built for small businesses that doesn’t...
June 20, 2024
Materia has come out of stealth with over $6.3 million in funding, launching a generative artificial intelligence (AI) platform built specifically for public accounting firms. The platform aims to provide...
