Thu.Dec 26, 2024

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The Hidden Costs of In-House Accounting: Is Outsourcing the Answer?

Accounting Department

For many medium-sized businesses, the decision to maintain an in-house accounting team seems like a straightforward choice. After all, having an on-site dedicated team can seem beneficial for managing financial operations closely. However, beneath the surface lies a myriad of hidden costs that can significantly impact your bottom line. This blog post explores these hidden costs and examines whether outsourcing accounting functions might be a smarter, more efficient alternative.

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Top issues and priorities for AML/CFT & anti-fraud programs in 2025

Abrigo

Financial institutions' will focus on these concerns related to AML and fraud Abrigo asked financial institution clients and our Advisory Services team to identify the top issues for 2025. Heres what they said. Key topics covered in this post: Ensuring compliance with AML/CFT program requirements Enforcement emphasizes staffing Integrating AI to fight AI-generated fraud Cybersecurity and evolving fraud threats AML/CFT program compliance Among the hottest issues facing AML/CFT and fraud staff is

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Unlocking the Potential of Annuities: Versatile Financial Tools for Your Future

Due

Do you want to make sure that your financial future is secure? If you’re looking for a solution, annuities may be the answer. Often misunderstood, annuities can be helpful for various financial planning strategies. Among them are retirement income , long-term care coverage , estate planning , and tax diversification. This blog post will explore the benefits, drawbacks, and how annuities can fit into your overall financial strategy.