Accounting Insights

Finance and accounting teams often spend too much time on routine tasks that do not add strategic value. Traditional reporting remains essential for compliance and investor relations, but it can slow down decision-making. The Liv Data approach addresses this challenge by combining AI automation with a strategic layer that supports real-time decisions. Using tools like Hyperbots, Aleph, and snowfire.ai, organizations can reduce non-strategic work while maintaining accurate rep

The recent Finance and Accounting Technology Expo hosted by the CFO Leadership Council highlighted a key challenge many organizations face today: how to select the right technology projects that truly solve pain points and deliver the highest return on investment (ROI). With countless vendors promoting Agentic AI and other advanced tools, decision-makers often feel overwhelmed. The key is not to chase every new technology but to focus on understanding your specific challenges

In today’s fast-paced business world, staying ahead means more than just keeping the books balanced. It means transforming your finance operations to unlock new levels of efficiency, insight, and growth. Have you ever wondered how some companies seem to make smarter decisions faster? The secret often lies in their approach to finance optimization strategies. By embracing modern tools and innovative processes, you can turn your finance function from a cost center into a powerf

Finance departments in many organizations still spend a large portion of their budgets on manual, repetitive tasks like bookkeeping, managing the general ledger, accounts payable and receivable, compliance, and audits. This leaves little room for strategic planning or financial analysis that drives growth. The future of finance lies in shifting these routine operations to AI automation, freeing up resources to focus on strategy and decision-making. AI-powered finance dashboar

When your business is growing fast, managing finances can feel like trying to steer a ship through a storm. You need a steady hand on the wheel, someone who understands the currents and can guide you safely to your destination. That’s where outsourced CFO solutions come in. They offer the expertise and strategic insight of a seasoned financial leader without the full-time cost. Imagine having a financial co-pilot who helps you navigate complex decisions, optimize cash flow, a

The adoption of ASC 606, the revenue recognition standard established by the Financial Accounting Standards Board (FASB), has transformed how companies recognize revenue, particularly in subscription-based models. While the intent of ASC 606 is to provide a more consistent and transparent framework for revenue recognition, many companies still struggle with its implementation. This blog post explores the common pitfalls organizations encounter when navigating ASC 606, especia

In today's fast-paced business world, organizations must make quick and informed decisions to stay ahead. A crucial aspect that often slows down decision-making is the financial close process. Traditionally, this process can stretch over several weeks, leaving businesses relying on outdated information. However, by effectively optimizing this process, companies can reduce the closing time to mere days. This post will discuss actionable strategies that can help achieve this, s

The Challenge A high-growth technology services business was struggling to understand its true profitability. Despite strong sales and cash inflows, management found it difficult to assess margins, allocate resources, and plan for sustainable growth. The root issue was cash-basis accounting . Revenue was recorded when cash arrived, and expenses when they were paid — often months apart. This approach created timing mismatches, distorted financial performance, and obscured the