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Survey: 76% of CFOs Say Finance Teams Still Spend Time and Energy on Manual Tasks

Tipalti, a global accounts payable automation platform, released a new report on August 3, 2023, titled "CFOs Heighten Focus on Achieving Efficiencies." Based on a survey of 153 finance executives, the report shows that 76% of respondents believe manual tasks still excessively consume finance team time, and 76% believe that in 2023, the CFO function will need to do more with fewer resources. 44% are focusing on improving new efficiencies, and nearly 70% are advancing investments in finance automation. The report also notes that key areas for automation include expenses (67%), tax compliance (66%), and automated payments (62%), among others.

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Legion Report: Schedule Flexibility Outranks Pay as Key Driver of Hourly Workforce Retention

Legion Technologies' annual report, surveying 1,513 hourly employees and 628 managers, finds schedule flexibility is the most critical factor for hourly workforce retention, with 96% of employees ranking it as the top job-taking benefit and 48% of managers citing it as the biggest retention challenge. The report also reveals 62% of hourly employees plan to leave within 12 months, and 43% would switch jobs for early wage access, underscoring the need for modernized workforce management.

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Eide Bailly Financial Services Rebrands as Eide Bailly Wealth

Eide Bailly, a national CPA and business advisory firm, announced that its financial services arm, Eide Bailly Financial Services, has been renamed Eide Bailly Wealth as of August 1, 2023. The rebranding reflects a deepened commitment to fiduciary wealth management, with the firm exiting its broker-dealer relationship to operate solely as a registered investment advisor (RIA).

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Bergmeyer Appoints Chris McCourt as Chief Financial Officer

Bergmeyer has announced the appointment of Chris McCourt as Chief Financial Officer, effective immediately. McCourt, who previously served as CFO of Digilant, Inc., will oversee all core financial functions and contribute to the firm's strategic leadership team.

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Centime's Latest Customer Satisfaction Survey Achieves High NPS® Score of 54, Setting Industry Benchmark

Centime announced its latest NPS® survey results on September 28, 2023, achieving a score of 54, reaching the industry's best level. This score stands out in AP, AR, and cash flow forecasting technology, reflecting the company's customer-centric service philosophy. CEO BC Krishna and client JobGet's Financial Director Patrick Maguire both highly praised Centime's services.

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Andersen Completes Finance-Specific Testing Project for Web Trader, Boosting Release Quality by 48%

Andersen, a software firm with over 480 engineers and a 4.9/5 Clutch rating, has successfully executed an eight-month testing project for a web trader in the international currency market. The project, aimed at enhancing online trading services, resulted in a 48% improvement in release quality, reduced defects, and optimized performance through load testing and automation.

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Survey shows 64% of CFOs worry about rising risk of customer bankruptcies

Allianz Trade released a new report in North America, based on a survey of 150 financial executives, revealing the current state of credit management among B2B companies in an uncertain economic environment. The report shows that 60% of CFOs expect a recession in the next 6-12 months, 64% are worried about customer bankruptcies, but the usage rate of trade credit insurance is only 37%.

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Former Gartner Supply Chain Analyst Amber Salley Joins GAINS Executive Team

On October 10, 2023, GAINS announced that Amber Salley, former Senior Research Director of Gartner's Supply Chain Practice, has joined the company as Vice President of Industry Solutions. She will leverage the GAINS Performance Optimization Platform to help enterprises enhance supply chain resilience, decision orientation, and performance.

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