Nicolas Boucher on LinkedIn: The 3 Cash Flow Activities 1. Operating Activities 📄 Definition: The… | 33 comments (2024)

👉 How do you unlock additional cash flow❓ 💸 💸 💸

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Navigating the Future of Finance Technology and Software: 7 Key Trends In Finance Software You Need To Know In today's world, technology and software have become mainstay headlines alongside business and tech news. The rapid advancements in artificial intelligence have sparked discussions about its potential to surpass human capabilities, raising concerns about job displacement and even posing a threat to humanity. The impact of software on finance and accounting is undeniable, yet amidst the myriad concerns in these fields, it's crucial to contemplate how software could reshape our world, now and in the future.At iplicit, we understand the significance of staying ahead of the curve in finance technology. That's why we've engaged industry experts to delve into the key trends in finance technology and software beyond 2024. Our interviews with some of the brightest minds in finance and accounting offer independent perspectives on pressing questions that professionals in these fields may have:Is AI truly a threat to your job?Should we continue integrating more and more apps with each other?Is e-invoicing the next big thing?This guide aims to provide valuable insights and spark meaningful conversations about the future of finance technology and software. Stay tuned as we unveil the perspectives of industry experts and navigate the evolving landscape of finance technology together.Click below to view now.https://lnkd.in/eXDUxwpM#financetechnology #ai #futureoffinance #industryinsights #finance #technology #artificialintelligence #trends2024 #trends #guide #professionaldevelopment

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Some KPIs in Business

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Unlock Financial Success: Small business owners and freelancers, it's time to partner with a financial expert who can help you thrive.#accountingservices #accountingandfinance #accountingsolutions #accountingsoftware #buisness #AI #finance #banking #bankingindustry #automation #businessautomation

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For automation to solve complex finance and accounting challenges, it must incorporate the latest technology. Various manual processes in finance, such as invoice data extraction, accrual outreach, journal entry creation, and collections outreach could be replaced by using advanced technologies such as OCR combined with computer vision and artificial intelligence. Not only does it replace manual work, advanced technology mitigates risk, improves compliance, and deftly handles complex and highly intricate finance functions. Versed in technical and finance terms and calculations, today’s automated solutions augment finance staff and ultimately strengthen business resiliency.Read more about how OCR + Computer Vision = Greater Automation Successhttps://lnkd.in/e_KzFMFR#OCR+ComputerVision #AdvancedTechnologies #IntelligentDataExtraction

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Top 50 cheat Sheets

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Somebody did ask what are main benefits IT services to a financial services company;"Using IT services can really help financial companies in a bunch of ways:1. Keeping Things Safe: It helps make sure nobody sneaks into your accounts or messes with your info, which is super important in finance.2. Getting Things Done Faster: It's like having a robot helper that does a lot of the boring stuff quickly and without mistakes, so you can focus on more important things.3. Making Customers Happy: With cool apps and online stuff, people can do their banking whenever and wherever they want, which makes them like your company more.4. Understanding Stuff Better: There are these computer programs that can look at all the numbers and tell you important things, so you can make smart decisions.5. Following the Rules: You have to play by the rules in finance, and IT helps you do that by keeping track of everything and making sure you're doing things the right way.6. Saving Money: IT can help you spend less on fancy equipment and stuff because you can use computers and software that other people manage for you.7. Beating the Competition: If you're really good at using IT, you can offer better services than other companies, which makes people want to choose you instead.So yeah, using IT is like having a secret weapon that helps financial companies be better and do more cool stuff!"

Basic cash flow knowledge...

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Yesterday I had a meeting with the business team, and we discussed how difficult is to implement actions when we don´t have good KPIs in place to measure the business performance. Tracking KPIs is crucial for several reasons:Performance Evaluation:KPIs provide a clear and quantifiable way to assess the performance of different aspects of a business. By regularly monitoring KPIs, organizations can gauge how well they are progressing toward their goals.Informed Decision-Making:Tracking KPIs allows for informed decision-making. Business leaders can identify areas that require attention or improvement based on KPI trends. This data-driven approach helps in allocating resources more effectively.Early Detection of Issues:KPIs serve as early warning indicators. By closely monitoring key metrics, businesses can detect potential issues or deviations from the expected performance, allowing for proactive intervention before problems escalate.Continuous Improvement:Regularly reviewing and analyzing KPIs fosters a culture of continuous improvement. Organizations can identify successful strategies and replicate them, while also learning from failures and adjusting their approach.Below some important ratios that can use as KPI to measure the business results:

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