Cryptocurrency is still going strong after 14 years. Though the industry has faced major setbacks like China’s crypto mining ban and sell-offs in January, Yahoo Finance reports that its market cap is still well above $1.3 trillion. In part, this is thanks to its large user base of over 3 million people. Crypto transactions are usually done …
We asked an expert to break down what artificial intelligence means and to talk us through the challenges it creates for CFOs. What do we mean when we speak about artificial intelligence? To understand what AI is, we must understand how technology has developed. Five years ago, a finance department at a large firm typically …
What Artificial Intelligence Means and How CFOs Think About It Read More »
Nicolaas van Wyk It’s a pity that in 1920 when archaeologists discovered 5 000 year old tablets along the Euphrates River in modern day Iraq, they didn’t speak to their accountant. The tablets and the strange symbols engraved on them would bemuse scientists for the next 50 years until an archaeologist eventually determined that they …
Accountants Have Benefited From Automation Since 3 000 BC. Why Should it Stop Now? Read More »
Despite years of ongoing investments in robotic process automation (RPA), CFOs are struggling to capture a high level of value from the technology, according to the results of a new Gartner survey. CFOs increasingly realize they need to utilize a broad suite of efficiency technologies to meet their objectives of a fully automated finance department …
RPA still not delivering high value to finance executives Read More »
The South African Institute for Business Accountants (SAIBA) has developed a strategy to build a financial reporting supply chain metaverse, to upskill unemployed accounting graduates. As part of the initial phase of the project, SAIBA says it has created blueprints and manuals outlining its metaverse strategy. This will see the creation of virtual SMEs and accounting firms …
By Jordaan Burger, Vice President Finance, Africa, Middle East and Asia-Pacific at Sage In recent years, Chief Financial Officers have seen their role evolve like never before. From their beginnings as historians of financial data and past performance, they evolved to real-time analysts, and onto visionaries with predictive technologies at their fingertips. Having looked at the …
The Modern CFO: At the forefront of business transformation Read More »
By Mohammed Mosam, Director: Product Marketing at Sage Africa and Middle East Migration to the cloud is well underway in South Africa’s finance and accounting world. Financial leaders recognise the benefits of cloud-based business solutions, which enable them to become more agile and flexible. These solutions enhance responsiveness and provide accurate, real-time data needed to stay …
Migration to the cloud clears the way for finance leaders to harness the power of AI Read More »
By Viresh Harduth, Vice President, Small Business, Sage Africa & Middle East We have entered the age of the digital accountancy practice. Organisations embracing digitalisation and becoming tech-savvy will gain a valuable competitive edge by improving their productivity, enhancing how they collaborate with their customers, embracing more flexible ways of working and even unlocking new revenue …
Five tips for building a tech-savvy accounting practice Read More »
The South African Revenue Service (SARS) is using computer algorithms, machine learning and other advanced technologies to ensure taxpayer compliance.
Data Protection Day is an annual opportunity to remind and educate businesses on the most-effective approaches to preparing for the multitude of threats to business continuity that exist in the global digital landscape. From strengthening defences against ransomware to training employees in regulatory compliance, a vital part of any Modern Data Protection strategy is the …
Data Protection Day 2022: Remember the 3-2-1-1-0 backup rule Read More »
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