The document discusses expense reporting trends in the professional services industry based on a survey. It finds that over half of professional services companies process under 500 expense reports per month. While adoption of expense reporting automation is moderate, many organizations still rely on manual processes. The top challenges for professional services companies are inefficient processes, lack of visibility into spending, and lengthy reimbursement cycles. Leading expense reporting solutions help address these issues through paperless processes, configurable workflows, improved visibility and control over spending, and faster reimbursement cycles.
AR management is key to healthcare billing company’s profitability and sustainability. To set themselves to eliminate
revenue leakage, billing companies must begin an active assessment of where they stand with current service provider
experience and what future improvements are needed.
Optimizing Accounts Payable - Whitepaper by BancTec - BPO Services ProviderJone Smith
BancTec is a leading bpo services provider which provides fully hosted invoice processing and AP Automation services including mailroom processing, scan and capture and receipt of electronic invoices.
Many businesses automate AP first, focusing on fixing problems that arise from inefficient processes, such as heavy paper invoice volume and frequent late payments.
3 Pillars of Performance in Finance Shared ServicesSarah Fane
As finance shared services mature, there are some well-established best practices that have developed. There three pillars that build the basis of any high performing organization:
1. Alignment between finance and procurement
2. Using effective automation technology
3. Having dedicated, end-to-end process owners
Most organizations will recognize these as best practices or perhaps aspirations, but can you measure their impact?
sharedserviceslink and Kofax conducted a survey of over 100 finance shared services professionals to measures the impact of these factors and the correlation of these best practices on performance.
AR management is key to healthcare billing company’s profitability and sustainability. To set themselves to eliminate
revenue leakage, billing companies must begin an active assessment of where they stand with current service provider
experience and what future improvements are needed.
Optimizing Accounts Payable - Whitepaper by BancTec - BPO Services ProviderJone Smith
BancTec is a leading bpo services provider which provides fully hosted invoice processing and AP Automation services including mailroom processing, scan and capture and receipt of electronic invoices.
Many businesses automate AP first, focusing on fixing problems that arise from inefficient processes, such as heavy paper invoice volume and frequent late payments.
3 Pillars of Performance in Finance Shared ServicesSarah Fane
As finance shared services mature, there are some well-established best practices that have developed. There three pillars that build the basis of any high performing organization:
1. Alignment between finance and procurement
2. Using effective automation technology
3. Having dedicated, end-to-end process owners
Most organizations will recognize these as best practices or perhaps aspirations, but can you measure their impact?
sharedserviceslink and Kofax conducted a survey of over 100 finance shared services professionals to measures the impact of these factors and the correlation of these best practices on performance.
What are the leading practices in outsourcing of payroll activities? Do companies really outsource the entire operation or keep a select set of core service with themselves?
What are the trends in payroll outsourcing industry?
What kinds of pricing models are prevalent in payroll outsourcing contracts?
In the case of , most businesses don’t handle high-value invoices differently than routine payables—mainly because they don’t recognize what invoices are high-value or don’t have a process to treat them with priority.
The conventional thinking in accounts payable processing is that an invoice is just an invoice, regardless of its possible impact on the bottom line. Many companies don’t focus on invoices that matter most, and handle all AP the same—creating a cascading effect that leads to inadequate operational control, inefficient business processes, and excessive transaction costs.
There is a better way. Accounts Payable Segmentation is an approach that involves separating and prioritizing invoices based on their type, characteristics and level of importance. AP Segmentation is also the process by which companies consistently identify “Critical AP”—the 20 percent of payables that are most strategic or problematic to the operation of the business.
This paper explores how organizations that focus available resources on the most troublesome and essential segments of accounts payable stand the most to gain from automation and overall process improvement.
One of the most prestigious platforms to honour the most distinguished CIOs of our nation for their ideal strategies, versatility at adapting new-age technologies and unique visions for the future.
In this event, our ‘VP of Enterprise Accounts’ Mr. Shailendra DM gave a presentation and held a discussion on ‘Spends Management’ and how Happay envisions to be a one-stop solution for all Expense needs.
Often dubbed as the ‘change agents’ for an organisation, CIOs today are entrusted with the most important task of leveraging technology for a company’s success. Right technology implementation is the nub for accelerating the profitability of an organisation.
With the advent of digital transformation, CIOs are curating their technology roadmap and leaving no stone unturned to check the tech trends and ride on the latest technology bandwagon.
According to Gartner CIO agenda survey, about 51% CIOs are taking charge of innovation and 49% are heading digital transformation. Large scale digital transformations take 3-5 years on average to yield significant results.
Business expense automation is one of the most crucial areas of digital transformation. About 95% of companies have standardized processes, but still organizations are losing huge amount of money owing to frauds.
The need of the hour is one such solution that promises to provide a lot of benefits for minimal cost. At the same time, since the traditional methods have been working well for decades, why would businesses move away from such established systems and opt for automated expense management?
The 40-year-old journey for the family-owned business has been marked by sweeping changes. The organisation showed tremendous transformation on a digital platform by automating processes internally and catering to changing customer & employee preferences.
Revenue Assurance Industry Update - Webinar by Dr. Gadi Solotorevsky, cVidya'...cVidya Networks
The Revenue Assurance arena is going through significant changes. To learn more, see this webinar presentation by Dr. Gadi Solotorevsky, cVidya’s CTO and Chair of the Revenue Assurance Modeling Team of the TM Forum. Find out more about those changes, the reasons behind them, and how they come into play in the daily activities of Revenue Assurance departments.
For more information on revenue assurance: http://www.cvidya.com/
Revenue Recognition Accounting for Cloud Computing (SaaS)Tensoft, Inc.
This presentation discuses the basics of cloud computing (SaaS) in relation to revenue recognition accounting. It goes over the advantages and disadvantages from various view points. Posted with permission from Jeffrey Werner of Werner Consulting, who presented on this topic in October 2012.
AP Fiscal Year-End Close: A 10-Step ChecklistTradeshift
It’s that time of year again. For accounts payable professionals, along with CFOs, controllers, and corporate finance analysts, year-end is a whirlwind. Given all the internal and external reporting and audit requirements, you need access to timely, accurate, and consistent AP data. Your organization’s vital decisions depend upon it.
In this instructive 45-minute webinar, internal controls and compliance expert, Chris Doxey, will present strategic and tactical suggestions that you can use to deliver the best data and improve the fiscal closing process for your AP department. You’ll learn 10 steps to preventing duplicate efforts and unnecessary controls during the closing crunch.
This free educational event will leave you with a clearer understanding of the entire financial close process, including:
- Roles and responsibilities during the financial close
- Key metrics, controls, processes, and policies
- Properly accruing expenses, reconciling accounts, and dealing with reporting variances
Optimizing Accounts Payable Automation Solution - Whitepaper by BancTec - BPO...Jone Smith
BancTec is a leading bpo services provider which provides fully hosted invoice processing and AP Automation solutions including mailroom processing, scan and capture and receipt of electronic invoices.
Insights To Accelerate Services Growth (Oco White Paper)Jon Hansen
White Paper Introduction (Excerpt):
Much has been written about customer satisfaction, account management practices, and measurement systems
for services businesses. Some of the approaches take a simple, monolithic approach and propose a standard
model for management of all service businesses. We suggest a different approach and recommend that a service
business should be managed and measured based on the maturity of the service business and the specific requirements of its’ customers.
To help operationalize this approach, we provide a framework for understanding how a services organization and its’ customer engagement should be measured. This framework is based on the premise that these organizations often progress through three distinct stages – Customer Centric, Profit Centric and Growth Centric – as they
evolve. We specifically outline various information and reporting approaches to support strategic account management of services businesses at each stage of their evolution, we provide examples of what service metrics are most relevant, and then discuss the effective intersection of account practices and metrics by means of a customer dashboard tool used by many leading firms.
Oco Web Site: http://www.oco-inc.com/
Does Your Digital Agency Measure up to Comeptition?Linh Diep
Did you know the average Australian Digital Agency generates $109,335 of net profit per working owner? Or that average staff productivity is 83%? We explore these stats & industry benchmarks in our white paper then highlight how to improve your financial management through our tips and metrics tracking.
Want to download this whitepaper? Click here: http://digitalagencyperformance.instapage.com/
Does Your Digital Agency Measure up to Competition?Linh Diep
Download the whitepaper here: http://digitalagencyperformance.instapage.com/
Did you know the average Australian Digital Agency generates $109,335 of net profit per working owner? Or that average staff productivity is 83%? We explore these stats & industry benchmarks in our white paper then highlight how to improve your financial management through our tips and metrics tracking.
What are the leading practices in outsourcing of payroll activities? Do companies really outsource the entire operation or keep a select set of core service with themselves?
What are the trends in payroll outsourcing industry?
What kinds of pricing models are prevalent in payroll outsourcing contracts?
In the case of , most businesses don’t handle high-value invoices differently than routine payables—mainly because they don’t recognize what invoices are high-value or don’t have a process to treat them with priority.
The conventional thinking in accounts payable processing is that an invoice is just an invoice, regardless of its possible impact on the bottom line. Many companies don’t focus on invoices that matter most, and handle all AP the same—creating a cascading effect that leads to inadequate operational control, inefficient business processes, and excessive transaction costs.
There is a better way. Accounts Payable Segmentation is an approach that involves separating and prioritizing invoices based on their type, characteristics and level of importance. AP Segmentation is also the process by which companies consistently identify “Critical AP”—the 20 percent of payables that are most strategic or problematic to the operation of the business.
This paper explores how organizations that focus available resources on the most troublesome and essential segments of accounts payable stand the most to gain from automation and overall process improvement.
One of the most prestigious platforms to honour the most distinguished CIOs of our nation for their ideal strategies, versatility at adapting new-age technologies and unique visions for the future.
In this event, our ‘VP of Enterprise Accounts’ Mr. Shailendra DM gave a presentation and held a discussion on ‘Spends Management’ and how Happay envisions to be a one-stop solution for all Expense needs.
Often dubbed as the ‘change agents’ for an organisation, CIOs today are entrusted with the most important task of leveraging technology for a company’s success. Right technology implementation is the nub for accelerating the profitability of an organisation.
With the advent of digital transformation, CIOs are curating their technology roadmap and leaving no stone unturned to check the tech trends and ride on the latest technology bandwagon.
According to Gartner CIO agenda survey, about 51% CIOs are taking charge of innovation and 49% are heading digital transformation. Large scale digital transformations take 3-5 years on average to yield significant results.
Business expense automation is one of the most crucial areas of digital transformation. About 95% of companies have standardized processes, but still organizations are losing huge amount of money owing to frauds.
The need of the hour is one such solution that promises to provide a lot of benefits for minimal cost. At the same time, since the traditional methods have been working well for decades, why would businesses move away from such established systems and opt for automated expense management?
The 40-year-old journey for the family-owned business has been marked by sweeping changes. The organisation showed tremendous transformation on a digital platform by automating processes internally and catering to changing customer & employee preferences.
Revenue Assurance Industry Update - Webinar by Dr. Gadi Solotorevsky, cVidya'...cVidya Networks
The Revenue Assurance arena is going through significant changes. To learn more, see this webinar presentation by Dr. Gadi Solotorevsky, cVidya’s CTO and Chair of the Revenue Assurance Modeling Team of the TM Forum. Find out more about those changes, the reasons behind them, and how they come into play in the daily activities of Revenue Assurance departments.
For more information on revenue assurance: http://www.cvidya.com/
Revenue Recognition Accounting for Cloud Computing (SaaS)Tensoft, Inc.
This presentation discuses the basics of cloud computing (SaaS) in relation to revenue recognition accounting. It goes over the advantages and disadvantages from various view points. Posted with permission from Jeffrey Werner of Werner Consulting, who presented on this topic in October 2012.
AP Fiscal Year-End Close: A 10-Step ChecklistTradeshift
It’s that time of year again. For accounts payable professionals, along with CFOs, controllers, and corporate finance analysts, year-end is a whirlwind. Given all the internal and external reporting and audit requirements, you need access to timely, accurate, and consistent AP data. Your organization’s vital decisions depend upon it.
In this instructive 45-minute webinar, internal controls and compliance expert, Chris Doxey, will present strategic and tactical suggestions that you can use to deliver the best data and improve the fiscal closing process for your AP department. You’ll learn 10 steps to preventing duplicate efforts and unnecessary controls during the closing crunch.
This free educational event will leave you with a clearer understanding of the entire financial close process, including:
- Roles and responsibilities during the financial close
- Key metrics, controls, processes, and policies
- Properly accruing expenses, reconciling accounts, and dealing with reporting variances
Optimizing Accounts Payable Automation Solution - Whitepaper by BancTec - BPO...Jone Smith
BancTec is a leading bpo services provider which provides fully hosted invoice processing and AP Automation solutions including mailroom processing, scan and capture and receipt of electronic invoices.
Insights To Accelerate Services Growth (Oco White Paper)Jon Hansen
White Paper Introduction (Excerpt):
Much has been written about customer satisfaction, account management practices, and measurement systems
for services businesses. Some of the approaches take a simple, monolithic approach and propose a standard
model for management of all service businesses. We suggest a different approach and recommend that a service
business should be managed and measured based on the maturity of the service business and the specific requirements of its’ customers.
To help operationalize this approach, we provide a framework for understanding how a services organization and its’ customer engagement should be measured. This framework is based on the premise that these organizations often progress through three distinct stages – Customer Centric, Profit Centric and Growth Centric – as they
evolve. We specifically outline various information and reporting approaches to support strategic account management of services businesses at each stage of their evolution, we provide examples of what service metrics are most relevant, and then discuss the effective intersection of account practices and metrics by means of a customer dashboard tool used by many leading firms.
Oco Web Site: http://www.oco-inc.com/
Does Your Digital Agency Measure up to Comeptition?Linh Diep
Did you know the average Australian Digital Agency generates $109,335 of net profit per working owner? Or that average staff productivity is 83%? We explore these stats & industry benchmarks in our white paper then highlight how to improve your financial management through our tips and metrics tracking.
Want to download this whitepaper? Click here: http://digitalagencyperformance.instapage.com/
Does Your Digital Agency Measure up to Competition?Linh Diep
Download the whitepaper here: http://digitalagencyperformance.instapage.com/
Did you know the average Australian Digital Agency generates $109,335 of net profit per working owner? Or that average staff productivity is 83%? We explore these stats & industry benchmarks in our white paper then highlight how to improve your financial management through our tips and metrics tracking.
What exactly is Professional Services Automation (PSA) 4 benefits.pdfJose thomas
Investing in robust professional services management software Dubai can give professional service firms a competitive edge, enabling them to deliver exceptional services, exceed client expectations, and thrive in today's dynamic business landscape.
As the majority of business processes switch to digitised and automated solutions, expense management in many firms remains low down on the list to review.
Fast-Track Your O2C Cycle With AR Automation - Techwave.pdfAnil
Sales, supply chain, and compliance aspects make the initial cash cycle a reasonably complex process. AR automation is one way by which organizations can shorten the cash conversion cycle and improve operational excellence. It also allows financial executives to build a solid foundation for a holistic, sustainable O2C process.
Change Your Mindset: The Key to Growing Your Accounting PracticeAggregage
In the accounting profession, the post-COVID business model is surely on everyone's minds. Unmistakably, the way to forge ahead will look different than in years past. The biggest mistake that a majority of companies are making in regard to growth is holding onto old conventions, paradigms, and practices.
Whether re-integrating back to in-office life or staying digitally connected through remote work, the first step in determining how to spur growth comes with reevaluating your company's willingness to change mindset.
Join David Bergstein, Chief Innovation Officer at Bergstein CPA, as he shares insight on the accounting landscape, new trends, and practical tips for reevaluating your company's positionality.
This session will cover:
• What it means to challenge tradition and change your company mindset
• How to make sure you are set up to be as productive and efficient as possible
• Best practices for choosing the tools you will utilize
• Methods to measure and track your success so you can watch yourself improve!
...and more! Everyone who attends will walk away with the knowledge of what to do to be successful in the "New Normal."
Automating Payables for the SME Market: Diving Head First into AP AutomationAnybill
This Technology Insight report is for small and mid-sized enterprises with an interest in payables automation. The report includes the latest adoption statistics, current thinking, best practices, strategies, and key performance indicators for evaluating and selecting the solution that meets your needs.
How do you measure the sucess of AP automationSarah Fane
Traditionally, the success of Accounts Payable (AP) automation is measured in savings created from headcount reduction. While it is an important metric, there are other metrics that will help determine whether AP automation is benefiting not just AP, but the wider business.
As AP departments and finance shared services mature, they are being looked at not just as transactional centers, but also as a source of business intelligence that can provide strategic insight.
This white paper will examine both traditional cost-based Key Performance Indicators (KPIs) and value-adding KPIs that will help you better align AP with the wider business.
Making Metrics Matter: An investigation of sales-aligned marketing reporting...Remen Okoruwa
31 HubSpot Marketing Agency Partners share details on how they report on the metrics that matter most to clients, and the challenges they face in reporting.
What are the Different Types of Accounts Payable?MYND Solution
In the intricate web of finance and accounting, ‘accounts payable‘ stands out as a critical term. Yet, many may not be aware that there are several types of accounts payable. With the evolving landscape of accounts payable services in India, it becomes imperative to understand these categories in depth.
Similar to Expense management professionalservices_imagetag(1) (20)
06-04-2024 - NYC Tech Week - Discussion on Vector Databases, Unstructured Data and AI
Discussion on Vector Databases, Unstructured Data and AI
https://www.meetup.com/unstructured-data-meetup-new-york/
This meetup is for people working in unstructured data. Speakers will come present about related topics such as vector databases, LLMs, and managing data at scale. The intended audience of this group includes roles like machine learning engineers, data scientists, data engineers, software engineers, and PMs.This meetup was formerly Milvus Meetup, and is sponsored by Zilliz maintainers of Milvus.
Techniques to optimize the pagerank algorithm usually fall in two categories. One is to try reducing the work per iteration, and the other is to try reducing the number of iterations. These goals are often at odds with one another. Skipping computation on vertices which have already converged has the potential to save iteration time. Skipping in-identical vertices, with the same in-links, helps reduce duplicate computations and thus could help reduce iteration time. Road networks often have chains which can be short-circuited before pagerank computation to improve performance. Final ranks of chain nodes can be easily calculated. This could reduce both the iteration time, and the number of iterations. If a graph has no dangling nodes, pagerank of each strongly connected component can be computed in topological order. This could help reduce the iteration time, no. of iterations, and also enable multi-iteration concurrency in pagerank computation. The combination of all of the above methods is the STICD algorithm. [sticd] For dynamic graphs, unchanged components whose ranks are unaffected can be skipped altogether.
The Building Blocks of QuestDB, a Time Series Databasejavier ramirez
Talk Delivered at Valencia Codes Meetup 2024-06.
Traditionally, databases have treated timestamps just as another data type. However, when performing real-time analytics, timestamps should be first class citizens and we need rich time semantics to get the most out of our data. We also need to deal with ever growing datasets while keeping performant, which is as fun as it sounds.
It is no wonder time-series databases are now more popular than ever before. Join me in this session to learn about the internal architecture and building blocks of QuestDB, an open source time-series database designed for speed. We will also review a history of some of the changes we have gone over the past two years to deal with late and unordered data, non-blocking writes, read-replicas, or faster batch ingestion.
Adjusting OpenMP PageRank : SHORT REPORT / NOTESSubhajit Sahu
For massive graphs that fit in RAM, but not in GPU memory, it is possible to take
advantage of a shared memory system with multiple CPUs, each with multiple cores, to
accelerate pagerank computation. If the NUMA architecture of the system is properly taken
into account with good vertex partitioning, the speedup can be significant. To take steps in
this direction, experiments are conducted to implement pagerank in OpenMP using two
different approaches, uniform and hybrid. The uniform approach runs all primitives required
for pagerank in OpenMP mode (with multiple threads). On the other hand, the hybrid
approach runs certain primitives in sequential mode (i.e., sumAt, multiply).
Chatty Kathy - UNC Bootcamp Final Project Presentation - Final Version - 5.23...John Andrews
SlideShare Description for "Chatty Kathy - UNC Bootcamp Final Project Presentation"
Title: Chatty Kathy: Enhancing Physical Activity Among Older Adults
Description:
Discover how Chatty Kathy, an innovative project developed at the UNC Bootcamp, aims to tackle the challenge of low physical activity among older adults. Our AI-driven solution uses peer interaction to boost and sustain exercise levels, significantly improving health outcomes. This presentation covers our problem statement, the rationale behind Chatty Kathy, synthetic data and persona creation, model performance metrics, a visual demonstration of the project, and potential future developments. Join us for an insightful Q&A session to explore the potential of this groundbreaking project.
Project Team: Jay Requarth, Jana Avery, John Andrews, Dr. Dick Davis II, Nee Buntoum, Nam Yeongjin & Mat Nicholas
Quantitative Data AnalysisReliability Analysis (Cronbach Alpha) Common Method...2023240532
Quantitative data Analysis
Overview
Reliability Analysis (Cronbach Alpha)
Common Method Bias (Harman Single Factor Test)
Frequency Analysis (Demographic)
Descriptive Analysis
Data Centers - Striving Within A Narrow Range - Research Report - MCG - May 2...pchutichetpong
M Capital Group (“MCG”) expects to see demand and the changing evolution of supply, facilitated through institutional investment rotation out of offices and into work from home (“WFH”), while the ever-expanding need for data storage as global internet usage expands, with experts predicting 5.3 billion users by 2023. These market factors will be underpinned by technological changes, such as progressing cloud services and edge sites, allowing the industry to see strong expected annual growth of 13% over the next 4 years.
Whilst competitive headwinds remain, represented through the recent second bankruptcy filing of Sungard, which blames “COVID-19 and other macroeconomic trends including delayed customer spending decisions, insourcing and reductions in IT spending, energy inflation and reduction in demand for certain services”, the industry has seen key adjustments, where MCG believes that engineering cost management and technological innovation will be paramount to success.
MCG reports that the more favorable market conditions expected over the next few years, helped by the winding down of pandemic restrictions and a hybrid working environment will be driving market momentum forward. The continuous injection of capital by alternative investment firms, as well as the growing infrastructural investment from cloud service providers and social media companies, whose revenues are expected to grow over 3.6x larger by value in 2026, will likely help propel center provision and innovation. These factors paint a promising picture for the industry players that offset rising input costs and adapt to new technologies.
According to M Capital Group: “Specifically, the long-term cost-saving opportunities available from the rise of remote managing will likely aid value growth for the industry. Through margin optimization and further availability of capital for reinvestment, strong players will maintain their competitive foothold, while weaker players exit the market to balance supply and demand.”