PYMNTS

JUNE 26, 2020

Ernst & Young ( EY ), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1 The big question for me is what on earth did EY do when they signed off the accounts?”

Accounting 116

Accounting Auditing Accounting Firms Banking 116

PYMNTS

NOVEMBER 17, 2017

“But as time went by, we realized we needed to move to the cloud, and the cost of building out the technology, or the products, that was going to be suitable for our customer base would require a lot of investment, which quite honestly we didn’t have.”. “We

Accounting Firms 40

Accounting Firms Accounting Technology Sales 40

CFO News Room

DECEMBER 16, 2022

After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes. Financial managers are responsible for developing long-term financial plans, directing investment activities, and generating financial reports for their company. Investment Banker. Financial Analyst.

Finance 130

Finance Budgeting Financial Analyst Compliance 130

The Charity CFO

MARCH 7, 2025

This might come as a surprise to many, but yes, even during the busiest times of the year, Im able to step away and invest in myself and my business. This year, I took that time to connect with fellow accounting firm owners in sunny Fort Lauderdale. Keeping things streamlined makes my year-end close so much easier.

CFO 87

CFO Nonprofit Prioritization Accounting 87

CFO Share

JANUARY 2, 2025

For years, we have struggled to compete with Bench’s war chest as they invested millions into digital marketing, crowding out small firms like us. But four days before year-end the busiest time of year for accounting firms they ran out of cash and ceased operations.

Startups 52

Startups Accounting Prioritization Securities 52

Nerd's Eye View

OCTOBER 14, 2022

Also in industry news this week: The IRS released a notice this week indicating that RMDs will not be required for inheritors of retirement accounts subject to the SECURE Act’s 10-year rule. A recent study suggests that advisors can regain about 20% of their time by outsourcing investment management responsibilities.

Tax Planning 98

Tax Planning Practice Management Accounting Firms Securities 98

Jedox Finance

APRIL 16, 2020

Dean Boyer as a guest to the Jedox Blog for our series on “Managing Uncertainty” Mr. Boyer is a Director of Technology Services at Marks Paneth LLP, a premier accounting firm based in the United States. Budget available resources and investments. Develop a comprehensive financial and operational plan.

Economics 125

Economics Forecasting Budgeting CFO 125

PYMNTS

AUGUST 1, 2018

Portfolios managed by MSC Capital, Dragoneer Investment Group, Y Combinator Continuity Fund and T. Rowe Price Associates led the investment, Gusto said, adding that existing investors General Catalyst, CapitalG, Kleiner Perkins, 137 Ventures, Emergence Capital and other investors also participated.

Investments 40

Investments B2B Startups Accounting Firms 40

PYMNTS

JANUARY 2, 2020

The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax. That means accountants will be expected to become business advisers, not just number checkers.

Data Analysis 71

Data Analysis Accounting Standards Auditing Invoicing 71

Bramasol

MAY 13, 2024

Key responsibilities of the PCAOB include: Setting Standards: The PCAOB establishes and enforces auditing, attestation, quality control, and ethics standards for registered public accounting firms. Enforcement: The PCAOB has the authority to discipline accounting firms and individuals for violations of PCAOB rules and securities laws.

Auditing 96

Auditing Compliance SAP Accounting Standards 96

PYMNTS

SEPTEMBER 29, 2020

An EY whistleblower has alleged the global accounting firm was warned as far back as 2016 that senior managers at Wirecard may have committed fraud and one had tried to bribe an auditor, the Financial Times (FT) reported. Wirecard paid the Emerging Market Investment Fund 1A 340 million euros ($399 million).

Auditing 75

Auditing Accounting Firms Accounting Sales 75

PYMNTS

DECEMBER 7, 2020

The trouble is that many decision-makers are unsure of which of these countless innovations are right for their firms’ unique circumstances, facing mounting pressure to find technologies that can go the farthest in easing their payment pains. Around The B2B Payments For The Virtual Workforce World.

B2B 107

B2B Accounts Payable Accounting Accounting Firms 107

PYMNTS

JULY 31, 2020

In a venture capital slowdown, any investment round is a win. million in fresh investment for the industry. Focused on mitigating third-party risk for B2B buyers and suppliers, Utah-based Whistic recently announced a $12 million Series A investment round, FinNSMEs reported. PYMNTS rounds up the latest deals below.

B2B 66

B2B Securities Startups Investments 66

PYMNTS

NOVEMBER 16, 2020

The new development comes from a management buyout by Souter Investments , a private equity-focused family investment office, and Manfield Partners Limited. PwC has spun out its technology for proprietary intelligent data capture to help create a new business, LIKEZERO , focused on next-generation data capture, a press release says.

Data Analysis 67

Data Analysis Auditing Risk Management Accounting Firms 67

PYMNTS

SEPTEMBER 27, 2020

Vassallo , managing partner of Lightyear, said the work with ProfitSolv “reflects our long-term investment thesis that embedding payment solutions in vertically integrated, sector-specific software will continue to gain market share from more traditional software providers.”. “We billion for the legal vertical alone.

Practice Management 64

Practice Management B2B Invoicing Accounting Firms 64

PYMNTS

NOVEMBER 16, 2018

This week, RPA startup Automation Anywhere made waves with its $300 million investment from the SoftBank Vision Fund, reports said Thursday (Nov. The investment now values Automation Anywhere at $2.6 billion and was an extension of the firm’s Series A funding round, which, at the time, valued the company at $1.8

Accounts Payable 77

Accounts Payable Currencies Foreign Exchange Startups 77

PYMNTS

JUNE 29, 2020

In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs. PE Firms Shun Investments In Older Firms Hard Hit By Pandemic.

Accounting 56

Accounting Restructuring Accounting Firms Banking 56

PYMNTS

SEPTEMBER 11, 2017

These trends make the latest research from Australian cloud accounting firm MYOB all the more concerning. 13 percent of SMBs plan to hire an IT professional for the purpose of improving cybersecurity efforts, which, as Carnell pointed out, is an investment less commonly seen within small businesses compared to larger corporations.

Securities 77

Securities Invoicing Education Manufacturing 77

Future CFO

FEBRUARY 23, 2023

Almost 70% of accounting firms expect their rate of technology adoption to increase over the next two years, while more than 80% of internal audit teams are already employing cloud technology. While nearly 80% of accounting firms use client collaboration tools, almost 52% said their client engagement process is only somewhat efficient.

Auditing 52

Auditing Accounting Accounting Firms Practice Management 52

Barry Ritholtz

APRIL 29, 2025

Eventually, he becomes CEO of Voya when the parent company spun out the US holdings into a separate entity, really an a, a fairly unique career path and is sort of uniquely situated to look at the world of investing. What was that experience like and how did it affect how you look at investments today?

Concentration 52

Concentration Investments Benchmarking CFO 52

PYMNTS

MAY 29, 2020

The saving rate is the residual of an extraordinary event,” Diane Swonk, chief economist at Grant Thornton, the Chicago accounting firm, told the network. Daco said as long as the money is put in savings instead of being invested, that tends to weigh on interest rates, curb growth and weakens the potential of the economy.

Economics 58

Economics Accounting Firms Financial Data Numbers 58

PYMNTS

DECEMBER 7, 2020

The scandal caused over $100 million in losses to hundreds of businesses and individuals upon its collapse in August of last year, the report says, when their paychecks didn't go through after CEO Michael Mann , or someone else near the top of the company, moved workers' money into a private account used for embezzlement.

B2B 63

B2B Finance Practice Management Invoicing 63

PYMNTS

NOVEMBER 4, 2016

Small business cloud accounting firm Xero and B2B payments and procurement firm Bottomline Technologies have each released their latest earnings reports this week. “Our revenue growth has allowed us to continue the significant investment in our platform, back office and team to support our global footprint.”

Strategic Planning 62

Strategic Planning B2B Accounting Firms Technology 62

Future CFO

MARCH 14, 2024

Talent shortage among accounting staff continues to persist in many parts of the world including Southeast Asia, with the issue being most felt by small accounting firms that struggle to compete with the big accounting firms: KPMG , PwC , Ernst & Young , and Deloitte.

Accounting 98

Accounting Finance Financial Analysis Compliance 98

PYMNTS

OCTOBER 1, 2020

The news came against a backdrop where other announcements and activities have illuminated the attractiveness of B2B FinTech as an investment space. As reported earlier in this space, dealmaking to date in 2020 has included eCommerce-as-a-Service firm Mirakl securing a $300 million investment, and payments firm Zoop securing a $10.85

B2B 56

B2B Invoicing Practice Management Reconciliations 56

The Charity CFO

MAY 13, 2022

A private foundation is a 501(c)(3) nonprofit that generates much of its support from a small number of sources and investment income. And you’ll avoid paying taxes on any investment income as well. Don't hire the wrong accountant for your nonprofit! What is a Private Foundation? Should I start a charity or a foundation?

Nonprofit 86

Nonprofit Accounting CFO Investments 86

CFO Thought Leader

OCTOBER 2, 2024

.” –Laura LaPeer This episode of CFO THOUGHT LEADER was recorded at Workday Rising CFOTL: Tell us about Plante Moran … what sets this accounting firm apart from its competition? LaPeer: This really comes down to our culture. I know that a lot of people say this, but we truly mean it.

CFO 52

CFO Technology Finance Leadership 52

PYMNTS

MAY 3, 2018

Earlier this year, Veem launched an initiative to expand its global payment services to third parties via API, revealing in February that it is working with logistics company Cargocentric, digital staffing solution provider EliteWork, accounting firm HireAthena and virtual reality company SpringboardVR, which have integrated Veem’s capabilities.

Invoicing 46

Invoicing Accounting Firms Investments Banking 46

PYMNTS

JULY 21, 2020

Wirecard AG, the German payments company fighting for survival, has hired a forensic team to investigate the accounting scandal that led to its insolvency, sources told Reuters. in Pennsylvania, a company that is separate from Wirecard AG, hired an investment bank to manage its sale. Late last month, Wirecard North America Inc.

Accounting Firms 56

Accounting Firms Sales Accounting Banking 56

PYMNTS

JUNE 7, 2019

. “Since its launch, Brex has invested in helping streamline the accounting processes of its customers — saving them time and money — while also investing in accounting advice and infrastructure to support customers,” said Brex Chief Financial Officer Michael Tannenbaum in a statement.

Accounting 47

Accounting Valuation Startups Accounting Firms 47

PYMNTS

SEPTEMBER 24, 2019

The FinTech accounting firm will use the series D funds to grow the platform and its artificial intelligence (AI) tools that can read, process, pay and track invoices. . full-time accounts payable employees. . “As As companies mature and growth accelerates, manual accounts payable processes are no longer an option.

Accounts Payable 49

Accounts Payable Startups Accounting Invoicing 49

PYMNTS

JUNE 1, 2020

In January, news surfaced that the biggest accounting firms — EY, KPMG, PwC and Deloitte — are putting billions of dollars toward artificial intelligence (AI) and data technology products to reshape the industry.

Reconciliations 52

Reconciliations Data Analysis Accounting Firms Compliance 52

CFO News Room

NOVEMBER 14, 2022

accounting regulators to inspect China-based audits is raising questions about the role of unregistered auditors in the Chinese gambling enclave of Macau, where several U.S.-listed Auditors typically assemble a team involving several outside auditors, usually individual accountants or accounting firms, as their clients often operate globally.

Auditing 100

Auditing CFO Accounting Corporate Finance 100

PYMNTS

APRIL 29, 2019

Reports in Bloomberg Law’s Big Law Business on Friday (April 26) said Investment bank Cowen and accounting firm Grant Thornton are both seeing members of their senior executive teams join the SEC’s initiative.

Accounting Firms 43

Accounting Firms Investments Securities Accounting 43

The Charity CFO

JANUARY 21, 2022

Permanently restricted are typically large donations that function as investment accounts or an endowment fund. We can handle your bookkeeping and accounting to deliver accurate financial statements every month that let you know which money you can spend, for which purpose, and when you can spend it.

Nonprofit 97

Nonprofit Accounting GAAP Accounting Principles 97

PYMNTS

DECEMBER 16, 2019

Opening up the markets to service providers beyond the banks themselves is particularly impactful to the B2B payments space, where, particularly in the case of small business payments, traditional FIs have not always seen the market as a profit center worth their technological innovation and investment.

Compliance 81

Compliance B2B B2C Banking 81

PYMNTS

JUNE 7, 2018

While AI can deliver time and cost savings, automation and actionable insights, executives are also concerned that the tool will displace professionals like accountants and procurement officials. The firm published its own report on Tuesday (June 5), surveying more than 400 finance, procurement and supply chain executives in the U.S.,

Accounting 51

Accounting Investments Technology Accounting Firms 51