To help you stay updated, we listed some of the things that innovations brought in the financial affairs of businesses. Safe Online Payments Whether it is an e-commerce store, an on-demand marketplace or a crowdfunding platform, a flexible and online payment solution can help businesses scale faster and more efficiently. It also makes the lives of customers easy. Especially for small businesses, a fast and reliable way of collecting payments can make all the difference when improving your cash flow. Quick and Accurate Reports From organizing financial paperwork, tracking inventory, computing payroll and preparing income tax returns, the advancement of accounting software has given headway to the automation of finance. With this technology, accounting software systems can generate an accurate and detailed report by simply clicking a button. Modern Billing and Invoicing Due to the modern collection payment, billing and invoicing are more manageable than ever. Real-time and flexible, … [Read more...] about How Does Technological Advancement Affect Business’ Finance?
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Microsoft launches AI Business School
Microsoft today introduced the AI Business School, a series of case studies and free instructional videos made to help business executives design and successfully implement an AI strategy within their organization. The Microsoft AI Business School is born out of three years of conversations with customers and follows the launch of an AI school for developers and AI School first introduced last year. The AI Business School follows the lead of similar instructional guides, such as the AI Transformation Playbook from Andrew Ng. Unlike others, AI Business School material draws on three years of conversations with customers implementing AI, as well as lessons learned from AI solutions introduced internally at Microsoft, Microsoft vice president of AI marketing and productization Mitra Azizirad told VentureBeat in a phone interview. Course content will focus on four main areas: Strategy, culture, technology basics, and responsible AI. And courses will include tools for things like evaluating … [Read more...] about Microsoft launches AI Business School
Three predictions for finance in 2019
Over the last 18 months there have been a number of high profile scandals centred on the financial services industry, the ramifications for which have gone far beyond the sector itself. The collapse of Carillion in the UK is estimated to have cost the taxpayer up to £150 million, while mainstream media have reported extensively on allegations of financial misconduct levelled at C-suite executives from well-known local and global brands.As a result, debates surrounding transparency, reliability and accountability within finance are no longer confined to finance professionals, CFOs or industry watchdogs. In fact, the industry’s own regulatory body, the Financial Reporting Council (FRC), came under fire itself last year, after being accused of several conflicts of interest, and of being too close to the companies it regulates to be an effective watchdog. Many companies are understandably concerned about shoring up investor trust in their financial reporting processes. But … [Read more...] about Three predictions for finance in 2019
GoCo Lands $7M in Series A Funding to Free Businesses from Outdated and Complex HR and Benefits Management
Round led by ATX Seed Ventures and UpCurve solutions provider Exploring partnership for UpCurve to sell GoCo through its nationwide distribution network to hundreds of thousands of new customers Number of GoCo users increased 10-fold over past two years; plans to quadruple employees in 2019 GoCo empowers SMBs and HR professionals to streamline the full HR process Platform simplifies daunting, complicated insurance benefits enrollment and management HOUSTON–(BUSINESS WIRE)–January 31, 2019– GoCo, the easiest to use all-in-one HR and benefits platform, today announced a $7 million Series A funding round led by ATX Seed Ventures alongside the investment arm of UpCurve, Inc. (“UpCurve”), the small and medium-sized business (SMB) solutions provider, among other strategic investors. The new capital will be allocated to … [Read more...] about GoCo Lands $7M in Series A Funding to Free Businesses from Outdated and Complex HR and Benefits Management
Mis-valuation of data poses a huge threat to businesses
IT Security safeguards corporate data. It’s a widely accepted practice and commonplace in businesses across the globe. You would therefore assume that the integrity of data would be safe in the hands of these skilled specialists? While IT Security is best-placed to deal with keeping businesses safe from hackers and security threats, new research from the Ponemon Institute has found they mis-value the data they protect. Why is that a problem? If the department responsible for protecting data doesn’t accurately grasp its value; data security could be compromised. Business critical data may be left open to attack and low value documents left over-protected. A business must fully understand the value of its data if it is to protect it properly.The true value of dataNot all data is equally valuable to a business. Imagine, for example, that a cyber-attack uncovered the minutes of an international business’ board meeting. This type of sensitive information leaking into the … [Read more...] about Mis-valuation of data poses a huge threat to businesses