When you’re driving your car and the “check engine” light comes on, your first instinct isn’t to keep driving and think the car will continue to operate without problems. So why do finance teams ignore the “check engine” light flashing on their shared inboxes?
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As we enter the new year, it’s worth considering the potential developments and disruptions that could shape the financial landscape in 2023 and beyond. AI, automation and new, more proactive modes of employee hiring and retention are poised to be trends that shape the new year and finance and accounting departments.
Departments across all industries are adopting artificial intelligence (AI), advanced technology and analytics to streamline daily activities and decrease manual labor.
In a world where technology is advancing at lightning speed, finance departments are struggling to keep up. With the availability of artificial intelligence (AI), machine learning, and other time and resource-saving technologies, the finance industry, and particularly accounting, is falling behind.
With the advent of this virtual world, B2B organizations are being forced to address outdated payment systems that no longer work in this digital age.