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Using Generative AI to Drive Corporate Impact

TechEmpower

TechEmpower has been instrumental in developing chatbots like these, utilizing generative AI to sift through internal documents and user manuals, enabling them to provide precise answers to customer service questions. It also facilitates rapid prototyping, allowing for quicker iterations and thus shorter development cycles.

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Understanding How Collaboration between HR and Finance Can Improve Business

The Startup Magazine

One key area where collaboration can make a big difference is between HR and Finance. Image source In this blog, we will explore how an HR-Finance collaboration can drive success for your organization and discuss some practical strategies for building effective partnerships between these critical departments.

Finance 158
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[INTERVIEW] Michael Majeed, Finance Executive, SR&ED Tax Consultant

YoungUpstarts

Michael Majeed is quick to note the vast numbers of new startups that launch each year on the Canadian landscape, and he’s keenly interested in helping young business owners make the most of their opportunities, especially when it comes to their finances. An accountant by background, he enjoys helping clients receive substantial tax refunds.

Finance 217
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How To Avoid Costly Mistakes When Staffing Your Finance Team

YoungUpstarts

That lack of control mixed with an environment focused on meeting goals at all costs leads to an incredibly volatile cocktail of paralysis and fear. They also develop a sense of responsibility to the company and a duty to uphold its good name. Blocking Bad Behavior. Get a second opinion. Test for problem-solving.

Finance 159
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What Do I Do If My Business Runs Out Of Cash?

YoungUpstarts

Sudden payment of unaccrued tax, bonus, or commission liabilities (this is a common bookkeeping and forecasting error for small businesses.). If your business model is profitable but you’ve mismanaged one of the above categories, you need to build a 13-week cash forecast to manage your short-term crisis. What are my top 3 costs?

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Nygina Mills on the Role of Compliance in Risk Management in Building Resilient Businesses

The Startup Magazine

A robust compliance program can forecast potential challenges in the regulatory environment, providing a business with the necessary tools to adjust swiftly and efficiently. For example, the finance sector has seen a significant increase in regulatory technology to support compliance efforts.

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7 Ways to Improve the Financial Management of Your Business

The Startup Magazine

Managing finances is one of the most important aspects of running a successful business. Adopting best practices and implementing effective tools and strategies can streamline your financial processes, reduce costs, and improve your bottom line. A clear plan makes making informed decisions and managing your finances easier.