Vic.ai Transforms Approval Management with Ground-Breaking Autonomous Approval Flows
Vic.ai, the AI (artificial intelligence) platform for accounting productivity, recently announced a brand new feature, Autonomous Approval Flows — introducing a first-of-its-kind approval matrix that streamlines the previously inefficient and error-prone approval process. The pairing of Vic.ai’s existing Autopilot feature and Autonomous Approval Flows allows both invoice and approval activity to be fully automated with…
How AI Automates Approvals for Small and Medium-Sized Organizations
For small and medium-sized businesses, automating approvals can be difficult since there are usually no efficient systems in place for handling approvals in the first place. Inherent Problems with Manual Approvals If you don’t have a technology platform that can receive, extract, and understand incoming costs, a human needs to step into that role. The…
Legal Monkeys Shortens Monthly Close By 5 Days With Sage Intacct
Legal Monkeys is a technology services firm composed of several entities that together have been growing at an annual rate of over 15 percent per year. With a lean finance team, accounting functionality limitations associated with QuickBooks, and several inefficient workarounds, the company’s back office had struggled to keep pace with its growth. In particular,…
Next Generation Financial Consolidations
Corporate accounting has long been viewed as custodian and curator of financial data. However, whether it’s bringing the data together or distributing the financial results broadly, the financial consolidation process has long been an onerous drudgery of information assembly, validation, and reporting. The consolidation process for many corporate accounting groups is sometimes measured in months,…
Services Business Seeks Out Best-in-Class Financial Management
Known as the Bay Area’s premier talent scouts, Premier Talent Partners has experienced significant growth and was recognized with several “best places to work” and “fastest-growing companies” awards in the past few years. The services firm now operates five offices in California and New York and, not surprisingly, found it challenging to run this expanding…
Five Ingredients for Finance Transformation
Over the next 10 years, technology will do more to change the finance and accounting organization than it has over the past 50. A spate of advances in databases, data processing, analytics and tools addressing the user experience as well as the application of artificial intelligence will free up much of the time now required…
2021 Nonprofit Technology Trends Report
Last year, the 2020 Nonprofit Technology Trends Report provided insight into how nonprofits leverage technology to achieve their mission. When the results were published in February 2020, we had no idea how our world would be turned upside down just one month later. The global pandemic and the subsequent health and economic impacts have forced…
Taming Your Nonprofit Chart of Accounts with Dimensions
This post was originally published on the Sage Intacct Blog Is your nonprofit dealing with an ever-multiplying Chart of Accounts (COA) just to get at the metrics behind transactions? Without the right accounting software, many nonprofits find it difficult to sift through unwieldy COAs with thousands of unique account numbers to decide which account to…