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How to Turn a Shortage of Accountants Into an Opportunity for Businesses

CPA Practice

The alarm bells in accounting have been ringing for years: fewer people want to join – or stay – in the profession. The American Institute of Certified Public Accountants (AICPA) said in its “2023 Trends” report that the percentage of accounting graduates fell 7.8% Accounting roles must evolve to allow for this shift.

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Spend Management is the Next Focus for Client Accounting Services

CPA Practice

Traditional expense management solutions, which only track expenses after the fact, don’t offer the comprehensive visibility into spending and cash flow that SMBs need to effectively run their business. By comparison, modern spend & expense management solutions can provide proactive insights based on real-time data.

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The cost of inaction: An urgent call to upgrade accounting processes.

Airbase

Not only do multiple systems cost more, but the modern approach to spend management does a better job. It’s designed to control spending and streamline the interrelated, and continuous workflows associated with the process from intake to the final booking. Build for scale to avoid the need for future action.

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How Spend Management Beefs Up Bottom Lines

PYMNTS

“Does your business want to improve its spend management?”. Few CFOs would say “no” if asked that question: Spend management is attractive to companies for obvious reasons, as even successful companies face margin pressures. Controlling spend doesn’t have to mean giving employees less capital to work with, said Duvedi.

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Expensify Offers Unlimited Virtual Cards for Business Spend Management

CPA Practice

Monthly spend cards, on the other hand, are perfect for managing recurring expenses such as subscriptions and memberships. Customers can also name their virtual cards, making it easy to categorize and assign them to specific accounts upon creation. All Expensify customers can start using unlimited virtual cards immediately.

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Leading analyst IDC recognizes innovation in procurement solutions.

Airbase

For decades, the many steps and stakeholders in large enterprise purchasing meant procurement teams had to rely on heavyweight, expensive solutions, while mid-market companies either had to adopt one of those overly cumbersome solutions or throw some ad-hoc procedures together to try to control spend. Accounts payable and procurement.

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Spend under management: The procurement KPI you should be tracking at any stage.

Airbase

This is referred to as spend under management (SUM), and is an extremely useful KPI at any stage Centralizing a decentralized world. SUM is a basic procurement metric that measures the proportion of an organization’s total managed and controlled spend through procurement processes.