With increasing corporate belt-tightening, finance leaders are focused on boosting the productivity of lean AP teams and taking measures to cut costs. According to a new survey, many are turning to automation to achieve this goal.
The 1,117 firms participating in the survey reported a fiscal year 2022 median growth rate of 9.1% in net revenue over the previous year, according to the 2023 National Management of an Accounting Practice (MAP) Survey.
The firm realized revenues of $2.4 billion for the fiscal year ending July 31, 2023, up from approximately $2.3 billion in revenue in 2022.
You know the ones: A hotel bill that ends with a vague "resort fee." Or those concert tickets that double in price once it's time to type in your credit card information.
Consumer spending grew 1.8% year over year in the second quarter rather than the 2.3% originally estimated, and NRF said last month that retail sales for the year could come in at the low end of its forecast.
Most recently, CPA.com partnered with Good.Lab, a provider of ESG software and consulting services, to create a new practice development program.
The amendments in the ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics.
The study defines “tech anxiety” as the feeling senior leaders have as a result of the rapid pace of advancements in technology that are causing concern when it comes to how their business operates.