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Blog Articles & Video June 2022

Tipalti adds new features to AP solution

Tipalti, a software company that specializes in accounts payable and global partner payments workflows, announced new features to its accounts payable automation solution that enhance its communications and documentation capabilities. The two new features are called Bill Talk and Bill Docs. Bill Talk will allow customers to message via chats

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PwC finds risk management challenges rising

Top executives are having trouble keeping up with an ever-growing array of risks, as surging inflation, supply chain constraints and the war in Ukraine add to earlier worries about cybersecurity, ransomware and rapid technology changes. A recent survey from PricewaterhouseCoopers found that 79% of the 3,584 business and risk, audit,

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IRS whistleblower awards plunge

The Internal Revenue Service gave out far less money last year to tax whistleblowers than in recent years and collected much less as well, according to a new report. The fiscal year 2021 report released Friday by the IRS Whistleblower Office, found that in the fiscal year ending Sept. 30,

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Deloitte denies plan to split firm

Deloitte is denying a report this week that it plans to spin off its audit practice as a separate entity from its consulting practice as rival Big Four firm Ernst & Young contemplates such a move. Deloitte reportedly contacted its investment bankers at Goldman Sachs after news of the potential

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How Firms Can Best Leverage Proposal Software

With available proposal management software, accounting firms can leverage artificial intelligence (AI) and automation tools to accelerate their digital transformation plans. Through this cloud-based software, firms can decrease non-billable hours spent on proposal development, encourage client-centered team collaboration, and gain important insights from key data analytics to better understand what

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Advance Your Knowledge With a Fintech 201 Guide

As many accounting professionals know, innovation in business often trails innovation in the consumer experience. Businesses typically make changes based on consumers’ expectations, but accountants must think about how to survive given that innovation is happening more quickly than their firms can change. That’s according to Michael Ly, CEO of

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What Clients Investing in Crypto Should Know

As expenses like energy and groceries continue to rise at double-digit annual rates in the United States, some investors might be wondering whether cryptocurrency can be used as a hedge against inflation. The answer is more nuanced than you might think and depends on whether cryptocurrency like Bitcoin is being

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Tax Fraud Blotter: Reality bites

Amicable crooks; a load of kibble; what a stool; and other highlights of recent tax cases. Atlanta: Reality TV stars Todd and Julie Chrisley have been found guilty of conspiring to defraud community banks out of millions of dollars in loans. The jury also convicted Todd and Julie Chrisley and their

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How to Build Trust With Clients & Staff Remotely

As the leader of your firm, you can probably relate: When it comes to issues at your practice, two of the biggest challenges are interpersonal tangles and navigating the human relationship dynamic. These are made more complicated by the “new normal” of both clients and staff members working with you

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Automation need not break the bank

While much has been said about the benefits of automation, small-firm practitioners may feel such things are out of their budget. But according to Brian Tankersley, director of strategic relationships at K2 Enterprises, and Wesley Hartman, founder of Automata, even small and midsized firms can automate their practice without going

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