Category: Reports & Surveys

Why Accounting Firms Need to Look Ahead to the Digital Future

Accounting software company Xero recently released its report on the digital accounting renaissance, and their findings suggest that for most businesses, going digital will soon be the only way forward. In their survey, “Digital or Die: The Accounting Renaissance,” more than 670 accountants and 1,000 small and medium enterprise (SME) owners were asked about their…

New Report Shows the Average Organization Only Processes 64% of their Invoices Electronically

In a survey released by APEX Analytix last month, 170 companies answered questions about their specific accounts payable (AP) policies and practices.  The Financial Leaders’ Benchmarking Report shared insights into how much AP has transformed globally in the last few years, and where it may be headed. First touching on invoice processing, the report showed…

Creating Connections: Accounts Payable Automation Makes Collaboration Easier

Email overload is a very real phenomenon for businesses these days. Global research company, The Radicati Group, reports that by 2018, over 139.4 billion business emails will be sent and received per day worldwide. On average, employees send and receive 97 emails per day, but that number is expected to climb to 140 per day…

Here’s Why Accountants Are Ready for Accounts Payable Automation

Technological disruption and adaptation can be difficult, particularly for those who work in traditionally regulated industries like financial services. However, Sage reports that an overwhelming majority of accountants (86%) are ready to embrace emerging technologies. In their recent survey, The Practice of Now, 700 accountants were surveyed about technological advancements in accounting and their outlook on…

How Accounting Automation is Changing the Role of CFOs

Back in 2012, the ACCA (the Association of Chartered Certified Accountants) put out a report on the changing role of the CFO, which predicted CFOs would be spending “less time on recording and verifying the numbers, and more time making the data connections and explaining the number implications to the business – applying the finance…

What Automation Really Means for Accountants

Automation is not a new concept in accounting, but it’s often one that is viewed with some measure of skepticism. While the media is keen to push the concept of robot accountants taking over the industry, the reality is something quite different. With the advent of technologies like artificial intelligence, machine learning and robotics, we’ve…