PYMNTS

DECEMBER 7, 2020

Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants. MonetaGo, GUUD Team On Secure Transactions. Today in B2B payments, Revolut launches a new solution for its business customers, and MonetaGo collaborates to combat trade finance fraud.

B2B 63

B2B Finance Practice Management Invoicing 63

CFO Simplified

MARCH 7, 2024

The CTA and the disclosure obligations it imposes upon reporting companies is designed to help safeguard national security and provide US law enforcement agencies with an additional tool to fight financial crimes, such as money laundering, trafficking, tax fraud, and other illicit activities.

Tax Planning 59

Tax Planning Compliance Restructuring Treasury 59

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

CFO Simplified

MARCH 7, 2024

The CTA and the disclosure obligations it imposes upon reporting companies is designed to help safeguard national security and provide US law enforcement agencies with an additional tool to fight financial crimes, such as money laundering, trafficking, tax fraud, and other illicit activities.

Tax Planning 52

Tax Planning Compliance Restructuring Treasury 52

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.

Auditing 75

Auditing Accounting Firms Accounting Sales 75

PYMNTS

OCTOBER 2, 2017

7, the media has been abuzz over the security breach at credit scoring company Equifax and the vast number of consequences the incident set in motion, from the resignation of the company’s CEO to lawsuits filed by state Attorneys General across the U.S. Since Sept. Elasticsearch Servers. EDGAR Database.

SAP 76

SAP Securities Leverage Sales 76

PYMNTS

DECEMBER 9, 2020

This has accelerated the need for spend management solutions and payment tools that enable businesses to review and approve transactions in real time, Caleb Jenkins , leader of client accounting services for tax and accounting firm RLJ Financial , said in a PYMNTS interview.

General Ledger 62

General Ledger Budgeting B2B Accounting 62

CFO News Room

DECEMBER 17, 2022

Airport security 100ml liquid rule to be scrapped BBC (furzy). BTW Rybar disagrees : Although the missile attack cannot be called the most massive in recent months, the number of missiles fired and the geography of targets are still impressive. BC: “Some engineering feats are more complicated than originally assumed.”. The Bezzle.

Economics 130

Economics Financial Systems Accounting Firms Planning 130

PYMNTS

JANUARY 9, 2019

Separate reports from The Wall Street Journal ( WSJ ), published last April, also demonstrated the changing nature of corporate finance: While the Big Four accounting firms’ advisory and consulting revenue jumped by a combined 44 percent since 2012, revenue from straightforward auditing for the firms rose just 3 percent in that time.

Accounting 71

Accounting Corporate Finance Accounting Firms Auditing 71

PYMNTS

DECEMBER 16, 2019

There are a number of FinTechs coming through, and more and more competition drives prices down and service levels up. Traditionally, accountants and their SMBs have to access separate platforms, be it other payment or online banking portals, to initiate payment. It’s built a lot more competition, which is key,” he said.

Compliance 81

Compliance B2B B2C Prioritization 81

PYMNTS

FEBRUARY 6, 2019

This shift has been so acute that small business cloud accounting firm Xero is even petitioning the Oxford English Dictionary to change the definition of “accountant” to one that includes the word “advise.” The Accountant’s Changing Roles. “That’s long gone.”

Corporate Finance 74

Corporate Finance Accounting Finance Accounts Payable 74

PYMNTS

SEPTEMBER 18, 2020

Deloitte will be the first of the “Big Four” accounting firms to break up its business following the selection of a new auditing board. The firm, in addition to KPMG, EY and PwC, had been cautioned by regulators that their companies had to break off their consulting divisions from their audit arms. Top News . In the U.S.,

Auditing 56

Auditing eCommerce Sales Accounting Firms 56

PYMNTS

NOVEMBER 7, 2018

To that end, a number of ocean carriers, together with terminal operators, said Tuesday (November 6) they had signed a formal letter of intent to draft a memorandum of understanding that would form a consortium. Among the first applications, according to the site, will be the digitization and organization of dangerous goods documents.

Healthcare 64

Healthcare Accounting Firms Securities Banking 64

PYMNTS

MAY 1, 2020

Cryptocurrency transactions can offer a host of benefits for B2B payment scenarios , with AR teams able to secure greater visibility and predictability into incoming payments while obtaining a secure record of the transaction. Yet few AR teams are eager to embrace crypto.

Currencies 68

Currencies Accounting B2B Reconciliations 68

PYMNTS

JULY 2, 2020

While Wirecard said it worked with 170,000 small companies and 33,000 large and medium-sized merchants that year, documents provided evidence that the number of the firm’s clients was considerably lower. For example, the news service reported thousands of client names were represented multiple times.

Accounting Firms 56

Accounting Firms Finance Accounting Financial Reporting 56

PYMNTS

FEBRUARY 4, 2019

Of those customers impacted by this type of fraud, an extremely small number have been Metro Bank customers and none have been left out of pocket as a result,” a bank spokesperson said. The vulnerability targets a known weakness in the global telecommunications infrastructure.

Banking 49

Banking Accounting Firms Numbers Accounting 49

CFO Talks

SEPTEMBER 28, 2022

My guest today is Engela Van Loggerenberg, she wears a number of hats, she’s the group financial director of Cash Converters Southern Africa, she’s also the managing director of True Accounting and the owner of a Cash Converters store in Woodmead.

CFO 52

CFO Budgeting Finance Accounting 52

The Charity CFO

OCTOBER 4, 2022

You can see that, depending on the size and structure of your organization, the ops manager will have to oversee a large number of departments. That doesn’t mean that the operations manager needs to be an accountant. Generally, they’ll oversee the accounting team or work as a liaison with an outsourced accounting firm.

Nonprofit 98

Nonprofit Budgeting Compliance CFO 98

PYMNTS

NOVEMBER 16, 2018

France’s iBanFirst secured $17 million for its corporate cross-border payments solution, sources reported this week, with Serena Capital and Breega Capital leading the way. Investors from IVP, Madrona Venture Group and Meritech Capital all joined the fold, while existing backers CapitalG and Sequoia Capital led the round.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

PYMNTS

JULY 5, 2017

“Although security is one of the biggest concerns for organizations that consider the move to the cloud, I believe that the cloud can be secured better than on-premise solutions.” In some ways, corporate financial reporting is about the human element needed to tell the story behind the numbers, Born noted.

Financial Data 52

Financial Data Auditing Financial Reporting CFO 52

PYMNTS

AUGUST 23, 2016

So it is with the extension of credit to smaller firms who need the funds to gain top-line traction. Lendified , which offers loans to small Canadian businesses online, said earlier this month that it has secured a $20 million credit facility through Liquid Capital.

Cash Flow Forecasting 40

Cash Flow Forecasting Manufacturing Forecasting Accounting Firms 40

PYMNTS

DECEMBER 18, 2018

Technology may be enabling automation in small business (SMB) accounting and financial management, but rather than cutting out the need for human accountants in the field, this tech disruption is supporting a change in the profession.

Accounting 53

Accounting Technology Finance Invoicing 53

CFO News Room

NOVEMBER 30, 2022

In 2021, Jarvis left the more traditional world of large national public accounting firms to co-found Retirement Tax Services to create a new model for how tax preparers and financial advisors work together. As this article was written, the SECURE Act 2.0 Might be a source of tax-free income ( unless the IRS says otherwise )!

Tax Planning 130

Tax Planning Compliance Planning Communication 130

CFO Share

MAY 25, 2021

Physical security such as locked doors, cameras, badge readers and visitor management systems. CALLER: I can walk you through it, just go to the machine, click settings, and read me the code under toner status and machine serial number. Serial Number 274-5675-138-D. Zero tolerance for theft. Unemployment fraud.

Auditing 52

Auditing Accounting Manufacturing Education 52

Barry Ritholtz

AUGUST 23, 2022

And I was kind of intrigued and so I said, can we discuss it, and he laid it out on a conference table and I said, what’s this number? And then I said, what’s this number down here, and he said, this is last year’s earnings. And that number was $160 million. I said, no, that couldn’t be right.

Investments 126

Investments Math Banking Profit and Loss 126

PYMNTS

MARCH 28, 2016

Researchers revealed that this trove of information businesses have on their employees is less than secure, with 28 percent (1.1 Varonis even found one company with more than 2 million files with sensitive information (credit card, Social Security and account numbers) accessible to anyone on the company network.

Invoicing 42

Invoicing B2B Communication Accounting Firms 42

BlueLight

JULY 30, 2020

Pre Series B, it’s a part-time role to simply track past financial numbers. Security and Audit ?—?NetSuite Accounting ?—?Nearly Nearly all companies responded using an outsourced accounting firm for general book keeping in the early days of the company life. Edited for readability. Application Access? —?NetSuite

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

CFO News Room

NOVEMBER 15, 2022

And that’s what they get for the fact that they have to be part of the calls, they have to facilitate interaction with the insurance company or any transactions, because it’s a securities business, you don’t have a securities license now. So you need like a non-advisory account attached to the RIA side of the business.

Planning 130

Planning Accounting Compliance Math 130

The Charity CFO

APRIL 25, 2024

Instead of slow, paper-driven, backward-looking accounting, these organizations are moving quickly through digital integrations allowing them to focus on their core responsibilities. About The Charity CFO The Charity CFO is an accounting firm specializing in serving nonprofits through outsourced accounting and fractional CFO services.

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

Barry Ritholtz

OCTOBER 3, 2023

If you look at the, if you look at the filing and you look at the size of the company and the revenue, the entire yearly revenue numbers would be a bad quarter right? So then we decided, look, look, maybe we should put all of these businesses together and create a securities division. We now had the securities business.

Marketing 108

Marketing Treasury Banking Profit and Loss 108

Barry Ritholtz

APRIL 11, 2023

DAMODARAN: I am interested in numbers. I’m naturally a numbers person. To me, storytelling is much more — I mean, if you think about the history of humanity, for thousands of years, the way we pass down information was with stories, not numbers. It has allowed for this acceleration of number crunching.

Valuation 115

Valuation Education Finance Numbers 115

The Charity CFO

APRIL 6, 2022

And, um, I ultimately just felt like if there were a way for me to impact a large number of organizations versus just going to work for just one, especially with my background in, in working in markets and marketplaces, I wonder if there’s something I could do. But that is number one, not actually having the impact you want it to.

Nonprofit 52

Nonprofit Education Budgeting Accounting 52

Barry Ritholtz

JULY 18, 2023

And so I switched to accounting because the most successful person I knew directly was my uncle who was a partner in a public accounting firm. So I had a lot of job security. WAGNER: You know there are a number of things that occurred. I’ll give it a shot.” You end up going to Columbia B School.

Investments 52

Investments Profit and Loss Restructuring Accounting 52