Sat.Mar 21, 2020 - Fri.Mar 27, 2020

article thumbnail

The “raison d’être” of treasury finds a wonderful example with the current health crisis.

Simply Treasury

Treasury, a major discipline in finance. Who could argue that treasury is not one of the major disciplines of finance? When business is more strained, working capital requirements and needs higher, treasury is the necessary lifeline. This health crisis will have serious economic consequences. The companies more exposed, such as air transport, travel, hotels and restaurants, bars, entertainment, cinemas, theatres, trade fairs, etc. will face "cash flow" and treasury problems soon.

Treasury 130
article thumbnail

ID2020: What’s Needed For Digital Identity In 2020

PYMNTS

Who we are, where we’re headed and what this all looks like on the “other side” of the pandemic are topics on everyone’s mind right now. So are vaccines. So is online shopping, with urgency. All of these subjects share a commonality: IDs. In commerce, knowing (and verifying) who’s on the other side of a transaction can mean the difference between a retailer making a sale to a loyal customer or a fraudster.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What is xP&A?

Jedox Finance

Financial Planning & Analysis (FP&A) provides organizations with vital planning, budgeting, and forecasting abilities so important strategy decisions can be made. In this blog post, we want to explore some FP&A related questions. Has FP&A changed in the Digital Age? Is it possible to expand FP&A outside of finance? How are advancements in technology supporting [.

article thumbnail

Checklist for Temporarily Closing Your Business Due to COVID-19

Adam Kae

In the midst of COVID-19, many businesses are being asked to close their doors across the United States. We understand that this is an extremely stressful time for business owners, so we’ve put together this post to guide you through steps to take to temporarily close your doors. These steps can serve as a check-list to develop your game plan. We know it seems like your to-do list is constantly growing, but a strategy will keep you on track to make sure you take all the necessary steps!

Numbers 52
article thumbnail

Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.

article thumbnail

The “raison d’être” of treasury finds a wonderful example with the current health crisis.

Simply Treasury

Treasury, a major discipline in finance. Who could argue that treasury is not one of the major disciplines of finance? When business is more strained, working capital requirements and needs higher, treasury is the necessary lifeline. This health crisis will have serious economic consequences. The companies more exposed, such as air transport, travel, hotels and restaurants, bars, entertainment, cinemas, theatres, trade fairs, etc. will face "cash flow" and treasury problems soon.

Treasury 130

More Trending

article thumbnail

IPO bribery charges against ex-HKEX executive and consultant

Future CFO

A former senior executive from the Hong Kong Exchanges & Clearing (HKEX) and an IPO consultant face charges for alleged bribery and misconduct in public office (MIPO) involving a total of HK$9.15 million (US$1.17 million), said the The Hong Kong Independent Commission Against Corruption (ICAC) earlier today. Eugene Yeoh Kim-loong, 43, former joint-head of the IPO vetting team of the listing department of the HKEX, faces two charges – one of public servant accepting an advantage, contrary to

article thumbnail

Roger G. Ibbotson: What Works in Asset Allocation

CFA Institute

How important is asset allocation? Roger G. Ibbotson shared his insights.

article thumbnail

The "live" stress test of the entire financial system

Simply Treasury

A live exercise is always better than any test. Are we not experiencing a “live” stress test, never imagined or conceived by a human brain, of a major crisis? At inception, it was certainly a health or biological crisis, which also quickly generated financial consequences. Will it pass this full-scale test? That is the question. I think it can be presupposed.

article thumbnail

Western Union Launches New Video, Phone Tool For Home Money Transfers

PYMNTS

Cross-currency money transfer firm Western Union has announced the launch of Digital Location, a new tool that enables people to send money from home. A pilot of the new channel is being introduced in Austria, Belgium, Italy, Portugal and Oman. Users can choose phone calls or video in multiple languages to connect to a money transfer personal service assistant.

article thumbnail

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

article thumbnail

Coronavirus outbreak: CFOs to offer benefits to hourly workers

Future CFO

Is your company doing the same? A Gartner survey of 200 CFOs on March 17 revealed that 81% intend to offer benefits to their hourly employees that exceed any contractual obligations during the coronavirus outbreak. . As many as a third intend to offer full monetary compensation during the period, the advisory firm said. “Many view this as a good ethical gesture, and this is also about seeing the bigger picture and finding creative ways to ensure business continuity in times of crisis,” said Denn

article thumbnail

Countering Coronavirus through Inclusive Culture

CFA Institute

How have diversity and inclusion efforts at investment organizations held up amid the COVID-19 crisis?

article thumbnail

World Health Organization Target Of Hack

PYMNTS

A hacking organization tried to breach the World Health Organization (WHO) recently, according to a report by Reuters. WHO Chief Information Security Officer Flavio Aggio said the identity of the hacking group isn’t known, and cyberattacks against the organization have increased exponentially during the coronavirus crisis. The hack was discovered by Alexander Urbelis, a cybersecurity expert and lawyer who looks for suspicious internet activity.

article thumbnail

China Suspected In Surge Of US Cyberattacks

PYMNTS

U.S. cybersecurity firm FireEye said it suspects China is behind a surge in cyberspying that began in January, just when the coronavirus was starting to seriously spread outside of China, according to a report by Reuters. The firm wrote a report that said it suspected the activity was coming from a hacking group called “APT41.” The attacks began on Jan. 20 and were aimed at more than 75 of FireEye’s customers, which include media firms, healthcare organizations, manufacturers and nonprofits.

Nonprofit 113
article thumbnail

How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

article thumbnail

Fed Could Issue COVID-19 Crisis Money Via eWallets

PYMNTS

To help bolster the American economy amid the COVID-19 pandemic, the Federal Reserve could utilize digital wallets and a “digital dollar” to provide “qualified individuals” with payments. With passing of the draft legislation, legal adults would receive $2,000 and $1,000 would be provided for each child, Yahoo! Finance reported. . The bills are called the “Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act” and the “Take Responsibil

article thumbnail

Walmart Enacts No-Touch Protocols

PYMNTS

Walmart is enacting no-touch procedures so that customers can shop more safely during the coronavirus outbreak, according to a report by USA Today. Shoppers who buy items through Walmart Pay won’t have to touch the screen anymore, and instead will be able to scan a QR code and pay from an app on their phone. For pickup, customers can simply open their trunks and an employee will load the groceries in, and they won’t ask for a signature.

Retail 107
article thumbnail

Lyft Directs Drivers To Pursue Amazon Positions As Rides Decline

PYMNTS

While the coronavirus forces consumers to stay inside, Amazon is joining forces with Lyft to attract drivers for grocery and package deliveries. Lyft has directed its drivers to pursue Amazon positions as warehouse workers, delivery people or grocery shoppers “as a way to earn additional income right now,” Bloomberg reported. The message reportedly came as demand for trips is falling precipitously and drivers are encountering economic hardships.

Economics 107
article thumbnail

US House Wants Economic Stimulus Payments To Leverage eWallets

PYMNTS

To help bolster the American economy amid the COVID-19 pandemic, the Federal Reserve could utilize digital wallets and a “digital dollar” to provide “qualified individuals” with payments. With passing of the draft legislation, legal adults would receive $2,000 and $1,000 would be provided for each child, Yahoo! Finance reported. . The bills are called the “Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act” and the “Take Responsibil

Leverage 105
article thumbnail

Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

article thumbnail

Getting Stimulus Funds To Those Who Need Them — Without The Paper Check

PYMNTS

The stimulus bill designed to combat the economic ravages of COVID-19 is massive. Getting that aid into the hands of affected families — wracked by swelling unemployment numbers, and of course, an ongoing healthcare crisis — will be slow going. If ever there was a time to kill the check, that time would be now. The $2 trillion economic stimulus bill is making its way through Congress, having been approved by the Senate and now up for consideration by the House.

article thumbnail

Fed Plans Release Of Clean Cash As Virus Spreads

PYMNTS

In the midst of the coronavirus pandemic, the Federal Reserve has plans to print new money that will not have come into contact with the virus, although this may not happen immediately, according to a report by CoinDesk. The Fed doesn’t currently think that the virus will be worsened by the transmission and trading-hands of dollars, Joey Lee, spokesperson for the Federal Reserve Bank of Philadelphia, said, pointing to recent Centers for Disease Control and Prevention (CDC) findings.

Planning 100
article thumbnail

Helping Small FIs Make Banking Services As Seamless As Taking An Uber

PYMNTS

In the age of digital commerce, legacy financial institutions (FIs) have ceded ground to tech-savvy upstarts. To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks — must transform the way they think about digital offerings and connected experiences.

Banking 99
article thumbnail

How Banks Can Tap Trust As Their Foundation For Innovation

PYMNTS

What is a bank? As recently as a decade ago, that was a relatively straightforward question that the average school-age child could easily answer. But as of 2020, it is a subject upon which seasoned experts can disagree, in a world where traditional banks and FinTechs are operating in parallel in the market – and, in many cases, are offering similar services for consumers.

Banking 96
article thumbnail

How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

article thumbnail

Walmart, Sam’s Club Plan To Pay Suppliers Faster, Ease Rents For In-Store Shops

PYMNTS

Walmart ‘s coronavirus response will include waiving rent for the more than 10,000 businesses that operate from within the walls of Walmart Supercenters and Sam’s Clubs, according to CNBC. The virus, which swept across the U.S. in the past two weeks, has forced businesses to close due to fear of spreading the virus, and numerous workers have found themselves without jobs due to the lack of business coming in.

article thumbnail

The Appeal Of eCommerce Amid The Coronavirus

PYMNTS

Consumers have stepped up their activity in eCommerce , as they are not staying in hotels, eating in restaurant dining rooms or using public transit, per a PYMNTS COVID-19 consumer survey. More affluent consumers appear to be focused on avoiding public spaces and making purchases through the web instead. And in toy retail , KiwiCo has seen a rise in orders for eCommerce subscriptions and one-off products at a time when children are home from school because of the coronavirus crisis.

article thumbnail

Tradeshift Launches Supplier Engagement Portal

PYMNTS

To help create supplier and buyer digital collaboration, supply chain payments and marketplace company Tradeshift rolled out Tradeshift Engage. Many companies are now seeking to speed up digitization projects as social distancing measures due to the coronavirus pandemic make paper invoice processing not workable, according to an announcement from the company.

article thumbnail

Walmart Speeds Up Application Process In Hiring Drive Amid Coronavirus

PYMNTS

As it works to maintain a supply of products on its shelves and keep its checkouts manned over the COVID-19 pandemic, Walmart has brought on 25,000 new workers and provided thousands with offers in the inaugural week of a hiring drive. The company has reduced its hiring procedure timeline from as much as two weeks to as short as three hours by doing away with written job offers and formal interviews, Bloomberg reported.

Retail 88
article thumbnail

Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.