Friend or Foe? The CFO’s Relationship with AI
Join this discussion hosted by Yooz and Controllers Council as finance leaders break down the ever-changing world of finance and accounting in 2023. Panelists will dive into the evolving role of the CFO and what is essential for progress in the modern accounting industry. Topics will highlight crucial skills for success, workplace changes, and AI’s role in the future of Accounts Payable (AP).
Join the discussion on:
- How has the CFO’s role evolved and is still evolving?
- Changes in the finance function – What does it mean for employees?
- AI in accounting - How CFOs can improve AP departments.
2023 Yooz Survey: Technology in the Workplace
Companies risk losing young talent by falling short on workplace technology, survey finds.
The 2023 Yooz Survey: Technology in the Workplace asked 600 U.S. salaried workers across industries and age groups to describe their experiences and perceptions of workplace technology in 2023.
Among its findings, the survey identifies opportunities for employers to improve their workers’ experiences with technology — and highlights the risk of losing younger workers for not embracing new technologies soon enough.
Unleash the Power of AP Automation: Building an Agile, Scalable Future
A global pandemic, rising inflation, looming recession, supply chain disruptions, hiring shortages, etc. It’s hard to tell what awaits us next but by creating an agile and scalable AP process you can take comfort in knowing your P2P invoices and payments are resilient and future-proof.
Join your guide, Yooz AP automation expert Cody Manning, and Mark Brousseau, President at Brousseau & Associates, for a wild ride to discover how complete Cloud-based AP automation is the king of the jungle for a fast, powerful, and smart process ready to take on what’s next.
Friend or Foe? The CFO’s Relationship with AI
Join this discussion hosted by Yooz and Controllers Council as finance leaders break down the ever-changing world of finance and accounting in 2023. Panelists will dive into the evolving role of the CFO and what is essential for progress in the modern accounting industry. Topics will highlight crucial skills for success, workplace changes, and AI’s role in the future of Accounts Payable (AP).
Join the discussion on:
- How has the CFO’s role evolved and is still evolving?
- Changes in the finance function – What does it mean for employees?
- AI in accounting - How CFOs can improve AP departments.
Lease Advisory Guide
Develop Solutions Blue Sky is a leasing advisor that typically delivers 20% savings as a result of developing, implementing and managing equipment leasing strategies and programs for companies across the credit spectrum. Blue Sky’s proprietary tools and services cover a wide range of asset classes with access to the most cost-effective liquidity and outstanding financial flexibility.
What Financing Needs Can We Solve for You Today?
- Leasing & Equipment Finance.
- Tax-exempt & Project Finance.
- Bank Loans & Credit Facilities.
- Early Growth Stage.
Reinventing Supply Chains for an Uncertain Future
Today, businesses are looking for ways to respond quickly to current and potential future disruptions. The use of real-time data and advanced analytics to identify potential disruptions and understand their impact on the end-to-end supply chain is essential to being able to make informed decisions and respond quickly to mitigate risk.
This article will discuss key insights into today’s supply chain challenges and how to address them with a high degree of flexibility, allowing an organization to respond quickly to changing internal and external demands. We will examine pressing issues like demand volatility, business disruptions, inventory optimization struggles and talent gaps currently facing supply chains. The limitations of traditional linear strategies and outdated technologies will also be explored. Finally, we will present advanced solutions like artificial intelligence, blockchain, digital twin modeling and real-time data analytics that are revolutionizing supply chain planning.
Collections Effectiveness Index Calculation Template
Use our Spreadsheet template to assess your cash collection efficiency.
Start improving your cash collection now.
Calculate, Interpret and Improve Your DSO
DSO - for Days Sales Outstanding - is an important KPI to keep an eye on especially in fast-growing SaaS companies. It represents the number of days it takes your invoices to be paid by your clients. It, therefore, has an influence on your company’s cash flow. It also signals the efficiency of your cash management process.
There are 2 ways to calculate Days Sales Outstanding:
- The simple method: a simple formula that calculates the average number of days it takes for your customers to pay your company.
- The countback method: a more complicated and accurate way to find your DSO, where you go back month-by-month over a period of time.
Need help calculating your DSO? Check out our free spreadsheet that helps you calculate, interpret and reduce it!
Collection Email Templates to Get Paid
All B2B businesses have one common challenge: getting paid. Even with the best clients, there can be times when invoices are paid late or ignored.
The right Collection emails is the first step towards tackling this challenge and improving your A/R health. Good payment reminders also help you maintain a positive customer relationship in awkward (but necessary) situations.
Keep reading to find out what makes a collection email efficient. You’ll also discover ready-to-use collection templates and tips on how to make payment reminders more efficient for your B2B business.
8 Tips to Get Paid on Time
Not getting paid means you’re not receiving cash. Cash you need to invest, produce more, hire, and overall just grow. Cash flow issues are serious and can mean big trouble for your business.
Fortunately, we’re here to help! In this guide, you’ll learn about:
- Best practices for cash collection deployed by industry leaders.
- Tips to send the best payment reminders emails and letters.
- Our experts’ advice about how to interpret your A/R metrics.
And much more!
5 Top AR Metrics
On this spreadsheet, you'll find pre-filled formulas as well as explanations and examples to calculate the top 5 A/R metrics.
- DSO or Days Sales Outstanding.
- Accounts Receivable Aging.
- Accounts Receivables Turnover Ratio.
- ADD or Average Day Delinquent.
- CEI or Collection Effectiveness Index.
The 5 Maturity Stages of Cash Collection
B2B payments are currently undergoing a revolution. Finance leaders should pay close attention to this shift and take an early adopter approach to stay ahead of the curve.
In Upflow's latest piece, Alex Louisy, the CEO and co-founder, presents “The 5 Maturity Stages of Cash Collection”. Use this framework to identify which stage you are at, and learn how to take your accounts receivable strategy to the next level.
Better Warehouse Systems Start with Emulation
The explosion in online shopping has been a boon for small retailers, massive distribution and logistics companies – and everything in between.
Simply put, if you’re not into e-commerce, you’re not in the game.
What’s the upside? If you’re a warehouse operator or integrator of warehouse systems, the necessity of increasingly automated solutions are needed to improve operations and increase throughput.
And with simulation and emulation tools, you can now implement truly innovative technology – with less risk.
Synchronizing Supply & Demand in 2023 and Beyond
Subject matter experts from Kalypso take a probing look at the evolution of the supply chain, where the acceleration of key issues and trends over the past few years has left few industries and businesses unaffected. Volatility and constraints in labor, materials, resources and capacity have been compounded with limited end-to-end visibility and an ever-growing regulatory environment to create increasingly complex challenges for supply chain leaders.
We profile those challenges, as well as the central driving market forces that have created them, before exploring the future state of the supply chain and what actions supply chain leaders should take.
Definitive Guide to Capital Planning
Whether it is a new construction, a renovation project, or an expansion, accurately planning and budgeting for each phase of your program is (probably) your top priority. As capital owners, how do you decide which programs and projects to fund and gather all pertinent information to help you make those decisions?
This guide will cover—setting clear strategic goals, how to manage projects and programs from start to finish, keys to accurate forecasting and analyses, cost management, and the best ways to communicate and collaborate with your agency. Using this guide streamline your capital planning process, manage projects effectively, and navigate your way to success.