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

CPA Practice

And today, I use my company’s own virtual credit card and spend management app to help control spending and close the books faster. Those salaries look all the more paltry when weighed against the cost of education necessary to become a CPA, and the rise in other living costs that weigh on recent graduates.

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Top 5 Trends Impacting Accounting in 2025

Accounting Seed

Rising Labor Costs and Talent Shortages With 75% of the CPA workforce nearing retirement and a shrinking pool of new talent entering the field, accounting leaders face a critical challenge. The Rise of Embedded Finance Embedded finance is changing the way businesses manage their operations.

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2024 Predictions: AI and Spend Management

CPA Practice

Spend management continues to evolve each year as new technologies reveal new possibilities. Existing spend management tools offer dashboards that compile information in one place for an employee to analyze, which takes time and considerable skill. By SAP Concur.

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Navan Launches Travel and Expense Management System for Accounting Firms

CPA Practice

Navan, a major provider of travel and expense management reporting, has launched the Navan Accountant Console, a centralized dashboard that streamlines spend management for accounting firms supporting multiple clients, users, and products. There are more than 86,000 CPA and accounting firms in the U.S.

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Spend Management is the Next Focus for Client Accounting Services

CPA Practice

Accordingly, spend & expense management is an area with significant growth potential for accounting firms — particularly those looking to jumpstart their CAS practice. Given the success of CAS for many accounting firms, card-based spend & expense management services can offer them the next frontier of growth.

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SAP Embeds GenAI Throughout Spend Management and Business Network Solutions

CPA Practice

During its Spend Connect Live conference in Las Vegas on Oct. 15, SAP announced updates to its spend management solutions to help companies collaborate strategically, increase productivity, manage compliance, and gain business insights.

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Expensify Offers Unlimited Virtual Cards for Business Spend Management

CPA Practice

a maker of financial management apps and corporate spending cards, has launched unlimited virtual cards with the Expensify Visa Commercial Card. With this addition to the platform, Expensify empowers businesses to take control of their spending with unparalleled flexibility and precision. Expensify, Inc.,