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With an Aging Workforce, Businesses Need to Balance the Fruits of Experience with Rising Workforce Costs
Mfon Akpan - April 17, 2024How can businesses effectively address the diverse needs of an aging workforce while managing the associated costs? The increasing presence of older employees brings a wealth of experience and stability to the workplace, yet it also demands significant investment in continuous training and updated benefits to match their evolving needs.
Read moreAI Advances Can Lead to Ethical Dilemmas in Accounting and Finance
Mfon Akpan - February 23, 2024In an era where technology's evolution outpaces its regulation, AI advances can lead to ethical dilemmas in accounting and finance. The integration of artificial intelligence and blockchain technologies into these sectors not only heralds a new dawn of efficiency and transparency but also introduces a myriad of ethical dilemmas, particularly concerning data privacy, security, and financial reporting integrity.
Read moreEffective Debt Management Holds the Keys to Small Business Cash Flow and Growth
Mfon Akpan - December 8, 2023Effective debt management through a robust accounts receivable system is essential for small business cash flow and growth, necessitating automated payment schedules and strategic policy adjustments. Collaborating with a collection agency as a strategic partner can enhance revenue recovery while preserving positive customer relationships.
Read moreMaintaining Customer Relationships Creates a Tricky Proposition for Businesses Collecting Outstanding Debt
Mfon Akpan - December 8, 2023Could the desire to maintain strong customer relationships hinder a businesss need to collect outstanding debt? There are many factors businesses weigh when dealing with such delicate matters.
Read moreEfficiency in Accounting Practice Gets a Turbo Boost with Generative AI
Mfon Akpan - August 30, 2023Generative AIs seismic shift in accounting is more than just numbersits revolutionizing the very fabric of the industry by driving efficiency in accounting practice.Recent discussions amongst over 20 accounting thought leaders, highlighted the transformative potential of AI in the accounting sector.
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