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Nov 25, 2024 | 
finextra.com | Shagun Malhotra
Emerging threats for accounting firms have steadily risen over the years, with more and more business emails being compromised, leading to an
annual
loss of around $2.4 billion. Just a few months back, an accounting service based in Maine suffered a huge data breach that compromised
personal
information of over 1.1 million individuals.
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Oct 15, 2024 | 
sociable.co | Shagun Malhotra
In this episode of Brains Byte Back, we’re proud to kick off Latin Heritage Month and recognize the achievements of those in the community. Today, we’re joined by Gerardo Sandoval, CEO and founder of Facill Cloud. Gerardo’s inspiring journey takes us from his early days in Venezuela, where he launched his first tech startup at just 16— a computer lab where recognized the value of empowering his community with computer skills.
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Oct 14, 2024 | 
sociable.co | Shagun Malhotra
When it comes to data analytics, large enterprises are arguably in the best position given the wealth of information at their disposal. This is particularly true for industries already at mature stages in their digital transformations. For example, big data analytics for the banking industry is set to hit $745 billion by the end of 2030, and large organizations that operate the systems that users interact with manage the vast data pools that hold such insights.
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Oct 8, 2024 | 
msn.com | Shagun Malhotra
Continue reading More for You
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Oct 8, 2024 | 
sociable.co | Shagun Malhotra
In this episode of Brains Byte Back, we’re proud to kick off Latin Heritage Month and recognize the achievements of those in the community. Today, we’re joined by Gerardo Sandoval, CEO and founder of Facill Cloud. Gerardo’s inspiring journey takes us from his early days in Venezuela, where he launched his first tech startup at just 16— a computer lab where recognized the value of empowering his community with computer skills.
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Sep 10, 2024 | 
accountingtoday.com | Shagun Malhotra
The accounting profession is facing an enormous shortage, with recent projections showing that we could have a deficit of up to 3.5 million accountants by 2025. This is a big problem for the industry and poses a risk to financial reporting and compliance across various industries.
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Sep 5, 2024 | 
forbes.com | Shagun Malhotra
Shagun Malhotra | Ex-Fortune 100 auditor, process consultant & CEO of SkyStem who designed ART, a month-end close solution for accountants. It’s a well-known fact in the industry that accounting is facing a huge uphill battle to both retain personnel and fill the demand left behind from the recent exodus. In fact, in the U.S. alone, there are roughly 300,000 accountants who have left their jobs since 2022.
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Jul 16, 2024 | 
accountingtoday.com | Shagun Malhotra
Modern accounting can often be impeded by slow processes due to outdated software and too much reliance on manual processes. Desktop accounting solutions still often involve extensive manual data entry. According to research from Sage, 63% of accountants and bookkeepers experience a major pain point due to the time-consuming task of manual data entry.
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Jun 21, 2024 | 
forbes.com | Shagun Malhotra
Shagun is an ex-Fortune 100 auditor, process consultant and CEO of SkyStem who designed ART, a month-end close solution for accountants. As much as we would like it to, financial fraud is simply never going away. We have reached a position where we have faster payments, widespread digitization and regulatory changes. Therefore, financial institutions and businesses are faced with two conflicting paths, the first being a huge opportunity versus the fraud risks that come with all these advancements.
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Jun 17, 2024 | 
finextra.com | Viktoriia Degtyareva |Nenad Marovac |Quentin Colmant |Shagun Malhotra
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No matter what business you’re in, you’re constantly grappling with questions surrounding growth: how can I generate more revenue?
