article thumbnail

Pilot Raises $60 Million To Help SMBs Modernize Finances

PYMNTS

It also assists in tracking and controlling spending, with monthly variance analysis that can help SMBs make better decisions on budgeting and spending, the release stated. PYMNTS cited stats that 67 percent of millennial businesses run independent companies instead of franchises.

Finance 104
article thumbnail

GASB Issues New Guidance on Risk Disclosures

CPA Practice

The statement defines a constraint as a limitation imposed on a government by an external party or by formal action of the government’s highest level of decision-making authority—such as a voter-approved property tax cap or a state-imposed debt limit.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Airbase ushers in a new era of modern spend management with Guided Procurement.

Airbase

Once they figure out where and how to make a specific type of request, employees are often asked to provide further details, such as legal, tax, security, and budget information. As a result, one spend request typically involves conversations across many different channels and business groups. first appeared on Airbase.

article thumbnail

What is 3-way matching and why is it important?

Airbase

It’s particularly important for controlling spend and preventing unauthorized or fraudulent payments in cases where goods and services are received before payment is made. For over-taxed AP departments, it’s often the amount of time spent doing tedious work when they could be doing something that adds more value to the company.

article thumbnail

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.

article thumbnail

Impacts of GASB Statement Number 102, Certain Risk Disclosures

Withum

The purpose of GASB 102 is to provide information to the users of the financial statements regarding risks that may harm the state or local government by limiting its ability to acquire resources or control spending.

article thumbnail

Friday Footnotes: Accounting AI Explodes; SOX Compliance Sux; KPMG Gets on a List | 6.17.22

Going Concern

VCs Target AI Accounting Startups as Companies Look to Control Spending in Uncertain Economy [ Wall Street Journal ] It’s finally happening! Let the robot takeover commence! World-wide, startups making AI-powered accounting software amassed $233.3