Neo.Tax’s Post

Did you know? Solution providers report that the total number of PCFs calculated is about 83x the amount exchanged. We're working to bridge this gap by creating better documentation and specifications for carbon accounting software. #ProductCarbonFootprinting #CarbonAccounting #OpenSource Full analysis here: https://buff.ly/4edMySl"

Digital documents are at the heart of every business process, and ensuring their accuracy, completeness, and compliance is essential to maintaining effective audit trails. Document validation—the process of confirming the integrity and quality of documents—is a critical step in many workflows and oftentimes this is still being done manually. FlowWright and Adlib, both leaders in process automation and document processing, now offer a robust solution for automating document validation. Our two platforms work together to streamline the validation process, helping businesses boost accuracy, stay compliant, and drive operational efficiency. Learn how our solution can transform your document workflows in our latest blog. >> https://hubs.li/Q02YMVmr0 #adlib #flowwright #documentvalidation #digitaltransformation #processautomation #ensurecompliance #automatedworkflows #accuracyandefficiency

True bravery is getting on video after your kiddo has been up all night 🙏 Jokes aside, I'm just excited to talk more about what I believe is the future of technical accounting. Let's talk about Models! ❓ What are Models? It's a no-code design tool that lets anyone design or deploy AI-powered workflows using nodes that are purpose built for technical accounting. So why am I geeking out over it? ⭐ It's autopilot for technical accounting Every analysis step can be completed by a human or UpDraft. This is autopilot for technical accounting, but we won't tell if you take your fingers off the key board. ⭐ Have staff work like experts Now anyone can literally run a contract THROUGH the guidance with a structured, user friendly experience. Models operationalize the guidance in a practical way that flattens the learning curve. ⭐ Experts become superheros All those common assessment types you see again and again? UpDraft will solve and document them in minutes. It used to drive me nuts when I knew the answer but still had to spend hours documenting it. Not anymore! 🎬 In this sleep deprived clip, I start with the classic debt with embedded features flow chart, bring it to life on UpDraft and fire a contract through. This and many other models (preferred stock, warrants, 606, etc.) are already available out of the box. 👋 Do you need a cost effective solution to a technical accounting issue? Reach out here or email me at [email protected]

Automation's role in handling routine tasks is undeniable, freeing up valuable time for professionals to focus on strategic decision-making. 🎙️💡 As Steve Yoss at CPA Trendlines emphasizes, "Our evolution in the face of automation is crucial". We couldn't agree more. 🚀 By shifting our attention to areas where we can offer unique strategic insights, we only drive our accounting firms forward. #AccountingRevolution #PracticeManagement #PracticeGrowth

Invoice capture software: It's where precision meets productivity. The accuracy of the data captured is the foundation of transforming financial workflows from manual chaos to intelligent automation — though, efficiency isn't just about accuracy or speed—it's about empowering teams to focus on what truly matters. Read more. https://lnkd.in/gBpQ2Qpz #InvoiceAutomation #APAutomation #DocumentProcessing

You can put lipstick on a pig But guess what?...It's still a pig My grandpa used to say that (yes, I'm from the midwest) That phrase keeps rattling around in my head as we talk about AI and legacy software. You can layer AI on top of legacy software, but it's still old, "legacy" software. The cost/benefit analysis breaks down pretty quickly. At some point, you have to rip out the legacy software and replace it with something more natively capable of adapting with AI. What are some examples you've seen? In accounting, QuickBooks stands out.

Digital documents are at the heart of every business process, and ensuring their accuracy, completeness, and compliance is essential to maintaining effective audit trails. Document validation—the process of confirming the integrity and quality of documents—is a critical step in many workflows and oftentimes this is still being done manually. FlowWright and Adlib, both leaders in process automation and document processing, now offer a robust solution for automating document validation. Our two platforms work together to streamline the validation process, helping businesses boost accuracy, stay compliant, and drive operational efficiency. Learn how our solution can transform your document workflows in our latest blog. >> https://hubs.li/Q02YN4K80 #adlib #documentvalidation #digitaltransformation #processautomation #ensurecompliance #automatedworkflows #accuracyandefficiency

Fantastic panel session chatting about High Performance Ledgering at Portage Growth Summit earlier this month in NYC. With a stellar moderation by Kris Hansen, who has been building ledgers for years, most recently at Synctera. I had the chance to dive into this topic in depth, and share our insights alongside the ones of Paul Nordstrom from Temporal Technologies. My key takeaways: 🔷 The word "Ledger" doesn't mean much in itself. It is a word that has been carried through centuries, and with this journey comes a high ambiguity buildup. There are dozens of subtle nuances between general ledgers, sub-ledgers, core ledgers—all the more so when considering different financial activities. Before deciding that you need to build or buy a ledger, I would advise taking some time describing what kind, and what systems it will serve. 🔷 Layering is key. When building ledgers, you will not want to optimize for everything at once. Complex, opinionated accounting concerns should be taken out of the critical real-time transaction path. So should rails-specific payments data. Eventual consistency should be used as a powerful tool whenever it is possible. 🔷 Open Source is the way forward. Core transactional systems need high availability and a high level of customization. At both Formance and Temporal, we navigate the endless build-vs-buy engineering dilemma by reducing risk, enabling extensibility and ownability with our in-the-open products from day one. The ledgering world data is still pretty much in its black-and-white film era. We're actively bringing it to its high-resolution, color native era at Formance.

Are you an Engineering Wizard with Tax-Savvy Superpowers? Would you like to join the Large Business and International Division and unleash your inner technical guru?  Here's the breakdown of your potential new duties—you’ll essentially be the Yoda of engineering and valuation issues, but with spreadsheets and tax codes instead of lightsabers. What you’ll be doing: 👉 Acting as the all-knowing sage for engineering and valuation matters. You’ll help navigate tax compliance like a GPS for auditors. 👉 Planning, coordinating, and directing like the MVP of a corporate engineering football team—but with fewer Gatorade spills. 👉 Coaching and mentoring others with technical wizardry that makes you the ultimate guide for tricky valuation enigmas. 👉 Mingling with the broader tax world (sounds fancy, right?), fielding high-stakes questions, sharing insights, and maybe dazzling everyone with a PowerPoint. 👉 Delivering progress updates with the finesse of a motivational TED Talk speaker while juggling deadlines like a circus pro. What you bring to the table: If you know how to build bridges—literal or metaphorical—that can crunch data, crack codes, and crack a smile, you might be the perfect candidate.  Engineering expertise + a knack for audits = dream job material. Bonus points if you have a secret handshake for auditors.  Let’s face it—this role isn’t for the faint of heart. But for those ready to step up?  It’s audibly incredible!  Ready to turn blueprints into big wins? Check the first comment for more info! You can also tag your tax-loving engineering pals in the comments!  #TaxJobs #EngineeringLife #IRSOpportunities #FederalDreamJob

We are pleased to welcome Senseworks.io to our portfolio as they secure €3 million to digitalize and transform the audit industry. Senseworks is tackling one of the most manual and time-consuming processes in finance with a SaaS platform that connects data from multiple systems in real time. By integrating analysis, documentation, and audit work into a single tool, they are enabling firms to reduce workloads and focus on value-creating tasks. Since launching in 2022, Senseworks has rapidly grown to serve over 60 customers, including international audit firms. Their platform streamlines complex workflows, automates data handling, and eliminates the reliance on Excel and other manual tools – leading to higher efficiency, reduced administrative burden, and improved audit quality. Caroline Wadstein at Industrifonden comments: “Senseworks has quickly demonstrated its ability to build a strong, competitive product that addresses significant market demand. We are impressed with their team and rapid growth pace, and we look forward to supporting their ongoing journey.” Join us in congratulating Alexander Ögren, Robert Winter, Johan Jonsson and the whole team at Senseworks!