PYMNTS

DECEMBER 16, 2019

The capabilities to unlock bank data and integrate new services into emerging FinTech platforms via API integrations is a FinTech trend that hasn’t ignored the B2B payments arena. Indeed, says Robert Courtneidge, CEO of payment technology firm Moorwand , this space is one of the most exciting and busy when it comes to innovation.

Compliance 81

Compliance B2B B2C Prioritization 81

PYMNTS

DECEMBER 17, 2018

New analysis from corporate payments firm Bill.com suggests ACH payments are dominating the accounts payable department. Bill.com researchers found that other digital B2B payment rails are on the rise, too, including 3 percent of respondents who said they are using virtual cards more often than they did last year to pay their bills.

B2B 63

B2B Accounts Payable Invoicing Reconciliations 63

PYMNTS

NOVEMBER 17, 2017

Reckon , an Australia-based small business (SMB) accounting company, has reportedly sold off key assets to industry peer MYOB. 16), Reckon Chief Executive Clive Rabie described the company’s sale of its accounting practice software unit to MYOB as losing the “jewel in the crown” of the company. Reckon shares spiked 25.6

Accounting Firms 40

Accounting Firms Accounting Sales Technology 40

PYMNTS

MAY 4, 2020

Accounting firms have become an important collaborator in aiding cloud migrations by small to medium-sized businesses (SMBs), according to Alan Chang, managing director of Singapore Corporate Services (SCS). A New Model For Accounting. But overcoming these challenges is essential.

eCommerce 67

eCommerce Accounting Accounting Firms B2B 67

PYMNTS

JANUARY 9, 2020

Following anxieties that robots would replace their jobs, small business (SMB) accountants are now on a path to potentially become more strategic partners with their SMB clients. “In many ways, the biggest pain point for accountants and small businesses is assembling the books in the first place,” he said.

Accounting 69

Accounting Banking B2B Accounting Firms 69

PYMNTS

OCTOBER 1, 2020

In the build versus buy debate, particularly within B2B and payments modernization, for at least some companies, the decision rests squarely on the side of “buy.”. To that end, earlier this week, private-equity firm Lightyear Capital said it established ProfitSolv to acquire integrated solutions for billing, payments and software services.

B2B 56

B2B Invoicing Practice Management Reconciliations 56

PYMNTS

DECEMBER 19, 2019

FinTech and automation technology have cast a shadow of anxiety on the accounting industry in recent years, as certified public accountants (CPAs) began to wonder whether their jobs would be replaced entirely by robots. Because there is a big disconnect between the accounting industry and the small business owner.”

Accounting 53

Accounting Finance Accounting Firms Benchmarking 53

PYMNTS

MARCH 1, 2020

s audit regulator, announced plans this week to break up the dominance of the largest four accounting firms, Deloitte, EY, KPMG and PwC , according to the Financial Times. The regulator issued letters to those firms, known as the Big Four, Thursday. The Financial Reporting Council (FRC), the U.K.’s

Accounting 92

Accounting Auditing Financial Reporting Accounting Firms 92

PYMNTS

DECEMBER 7, 2020

Digital B2B payments innovations as diverse as machine learning (ML) automation, cloud-based enterprise resource planning (ERP) systems and virtual cards are gaining unprecedented traction as businesses move to build sustainable B2B payments operations outside of th e office. Around The B2B Payments For The Virtual Workforce World.

B2B 107

B2B Accounts Payable Accounting Accounting Firms 107

PYMNTS

APRIL 9, 2018

Small business accountant” was not among the top 10 phrases searched for by those hirers, Indeed.com found. But that doesn’t mean accountants are no longer in-demand among small business owners. What it means to be an accountant today is a far cry from what it was before online accounting,” he added.

Accounting 49

Accounting Accounting Firms B2B Technology 49

PYMNTS

DECEMBER 6, 2020

Practice management software provider ImagineTime , which works with accounting firms, has partnered with Mango Billing for a "next-generation practice management solution," according to a press release. New solutions include integrating with other back-office programs and open banking.

Accounting 67

Accounting Practice Management Invoicing Accounting Firms 67

PYMNTS

DECEMBER 7, 2020

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

B2B 63

B2B Finance Practice Management Invoicing 63

PYMNTS

JANUARY 25, 2019

San Francisco-based HostBooks is stepping into the small business (SMB) accounting software industry, announcing Thursday (Jan. “Being a CPA, I am aware of all the issues holding down the accounting industry,” said HostBooks Founder Kapil Rana in a statement. 24) that its solution officially launched over the weekend.

Accounting 69

Accounting Accounting Firms Technology Marketing 69

PYMNTS

MAY 4, 2020

To help small- to medium-sized businesses (SMBs) receive payment online, SMB payment and accounting platform Autobooks unveiled the rollout of a new initiative, according to a press release. Businesses can enroll directly with Autobooks, connect their checking account, and start taking payments “within minutes,” according to the release.

Accounting 60

Accounting Invoicing Nonprofit Accounting Firms 60

PYMNTS

SEPTEMBER 1, 2017

Cloud accounting company Acuity is teaming up with corporate payments firm Veem (formerly known as Align Commerce) to streamline cross-border B2B payments. Veem supports B2B payments and the movement of invoices across 60 countries, it said. The companies revealed their partnership in an announcement Thursday (Aug.

B2B 43

B2B Invoicing Accounting Accounting Firms 43

PYMNTS

OCTOBER 28, 2019

The Big Four auditing firms — EY, Deloitte, KPMG and PwC — have recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as to whether such trade financing tools are debt.

B2B 40

B2B Accounting Standards Finance Invoicing 40

PYMNTS

MARCH 15, 2019

Anxieties that automation will replace humans have waned in the accounting sector, as industry players begin to realize that technology can actually help accountants play a more important role for their small business (SMB) customers as advisors and guides, rather than replacing their roles outright. Tax reform in the U.S.

Accounting 77

Accounting Accounting Firms Auditing Budgeting 77

PYMNTS

JUNE 9, 2020

To connect modern accounting firms with small businesses, FreshBooks rolled out its FreshBooks Accounting Professionals Program. FreshBooks Accounting Professionals Program members will get access to a community, customized training and education, innovative technology and tools, and dedicated support.

Accounting 52

Accounting Education Compliance Accounting Firms 52

PYMNTS

SEPTEMBER 24, 2018

A research firm has discovered that the number of material accounting mistakes made by U.S. listed companies since 2005, finding firms that had to reissue their financials due to errors. For many, the mistakes were discovered when corporate finance teams were changing accounting paperwork to comply with the new U.S.

Numbers 68

Numbers Accounting Accounting Principles Corporate Finance 68

PYMNTS

JUNE 7, 2019

Commercial card startup Brex has announced the launch of a portal to connect cardholders to accountants. The integrations enable cardholders to automatically connect transactions from their Brex cards into their accounting and expense management solutions. “Today’s product announcement combines those two investments.”

Accounting 47

Accounting Valuation Startups Accounting Firms 47

PYMNTS

JANUARY 31, 2021

Business payments firm FLEETCOR Technologies has acquired accounts payable (AP) platform provider Roger , Fleetcor announced in a press release. The release stated, in part: “The acquisition provides FLEETCOR with a proven, modern automation platform for B2B online bill payment. Terms of the transaction were not disclosed.

Accounts Payable 85

Accounts Payable B2B Invoicing Accounting Firms 85

PYMNTS

JANUARY 9, 2019

In a 2017 report from job hunting site Indeed , researchers found that “small business accountant” was nowhere to be found in the top-10 job positions sought after by most small business employers. “Bookkeeping is the low-value work performed by accounting firms,” he said.

Accounting 71

Accounting Corporate Finance Accounting Firms Auditing 71

PYMNTS

AUGUST 10, 2018

A week of more than $200 million for B2B FinTech firms across the globe shows that venture capitalists’ support for the space continues. Asia-Pacific and North American startups took the lead this week, with funding going to small business (SMB) accounting, payroll, B2B eCommerce and cybersecurity firms — just to name a few.

B2B 40

B2B Invoicing Startups eCommerce 40

PYMNTS

DECEMBER 27, 2019

’s so-called Big Four accounting giants — PwC, Deloitte, KPMG and EY — have reportedly set aside more than $212 million in preparation for potential fines ahead as auditing scrutiny grows. Reports in the Financial Times said the U.K.

Accounting 52

Accounting Auditing Financial Reporting Accounting Firms 52

PYMNTS

AUGUST 1, 2018

A new survey from K2E Canada suggests small business accountants understand that technological disruption is a major challenge, yet few are addressing the issue. The survey found that only 33 percent of sole practitioners and 26 percent of small accounting firms have updated their tax software in the last five years.

Budgeting 40

Budgeting Technology Accounting Accounting Firms 40

PYMNTS

APRIL 25, 2016

Reports on Friday (April 22) said Handshake has launched the mobile version of its B2B eCommerce service, meaning wholesalers and suppliers can link to potential buyers on mobile phones and tablets. Handshake Direct Mobile will first see a release for Apple iOS devices, with a launch for Google Android hardware later this year, reports said.

B2B 40

B2B eCommerce Invoicing Accounting Firms 40

PYMNTS

MARCH 16, 2018

Australia’s Institute of Public Accountants (IPA) is urging its members to “future-proof” their businesses as the industry heads toward disruption. Further, industry trends have led the traditional accountant model to become “obsolete,” reports said, meaning accountants have to embrace the more strategic role of advisor. “By

Accounting 53

Accounting Accounts Payable Reconciliations Leadership 53

PYMNTS

APRIL 3, 2019

may be changing course in its efforts to break up the Big Four accountancy firms after the Competition and Markets Authority (CMA) decided against such action late last year. Reports in Bloomberg on Monday (April 1) said a U.K. audits for large businesses. .” ” The committee’s conclusion drew expected criticism.

Accounting 43

Accounting Auditing Accounting Firms Marketing 43

PYMNTS

DECEMBER 11, 2017

Accounting software that boosts automation isn’t taking jobs away from human accountants. But it is altering the profession, with more small businesses seeking advisory services from their accountants and bookkeepers. Accountants are starting to pay attention to upcoming disruption too. 61 percent of U.S.

Accounting 42

Accounting Benchmarking Accounts Payable CFO 42

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.” Changing Demand. That demand for human talent, by the way, hasn’t decreased.

Corporate Finance 74

Corporate Finance Accounting Finance Accounts Payable 74

PYMNTS

JULY 11, 2019

s so-called Big Four accountancy firms — KPMG, PwC, EY and Deloitte — have reportedly failed to reach audit quality standards set by the Financial Reporting Council , Reuters reported this week. s largest 350 public firms met that 90 percent performance threshold. All of the U.K.’s Only 75 percent of the audits of the U.K.’s

Auditing 49

Auditing Accounting Financial Reporting Accounting Firms 49

PYMNTS

JUNE 19, 2019

Aprio Cloud and Jirav are teaming up to develop small business accounting solutions aimed at providing real-time data visibility to small and medium-sized businesses (SMBs) and their advisors. “As accountants and advisors, we can’t just show clients where they’ve been. Phillips in a statement.

Accounting 43

Accounting Forecasting Communication Accounting Firms 43

PYMNTS

NOVEMBER 21, 2016

based small business accounting firm, has listed on the nation’s AIM stock exchange, the LSE ‘s market for smaller firms. Equity-crowdfunded FreeAgent, a U.K.-based FreeAgent broke ground with the listing but, according to reports, missed the mark on valuation. Friday (Nov.

Startups 77

Startups Accounting Valuation Benchmarking 77

PYMNTS

JUNE 19, 2018

Small business software provider Zetran is adding an accounting solution to its suite of services, the company said on Sunday (June 17). In a press release , Zetran said it saw a gap in the market for affordable automation software for small and medium-sized business accounting firms.

Accounting 46

Accounting Cash Flow Forecasting Budgeting Forecasting 46

PYMNTS

NOVEMBER 26, 2018

It’s common sense that a corporation would want its C-Suite to have some knowledge of accounting practices, and one could assume that a lack of understanding of corporate accounting may heighten the risk for misstatements on financial reports. ” Below, PYMNTS breaks down some of the key data points from the research.

Financial Reporting 51

Financial Reporting Accounting Auditing Accounting Firms 51

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. Accounting could be among the hardest hit industries. “This presents both positive opportunities and potential pitfalls.”

Accounting 51

Accounting Investments Accounting Firms Technology 51

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. Recently, several technology firms have done just that.

Accounting 53

Accounting Technology Finance Invoicing 53