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

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

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

CFO News

DECEMBER 6, 2023

The number 5 ranked auditor has signed up with executives from some of the Big four accounting firms such as PwC and KPMG but is yet to announce the hiring as the people are still serving out their contracts at existing employers.

Accounting Firms 52

Accounting Firms Numbers Accounting 52

PYMNTS

MAY 1, 2020

“They accept cryptocurrency, facilitate the exchange, charge a professing fee then transfer funds into a bank account in one or two days. Accounts receivable (AR) departments are gradually opening up to digital currency acceptance, but as Roche emphasized, it’s not a transition that will happen all at once.

Currencies 68

Currencies Accounting B2B Reconciliations 68

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

NOVEMBER 30, 2020

But Coombs added that many entrepreneurs don’t have a choice, because costly professional services from accountants, lawyers, marketing firms or the like is often more than small businesses want to pay for (or can even afford to). Coombes said the company anticipates that its customer base alone will double in the next year.

Accounting 77

Accounting Planning Accounting Firms Marketing 77

PYMNTS

SEPTEMBER 24, 2019

San Mateo accounts payable automation startup Tipalti won $76 million in a funding round led by Zeev Ventures. 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

Accounts Payable 49

Accounts Payable Startups Accounting Invoicing 49

Barry Ritholtz

APRIL 8, 2023

He tells his classes “ What makes for a good valuation is you’re either a disciplined storyteller or an imaginative number cruncher.” ” Damodaran wants the verbal half of the class to use the numbers intelligently, while the more mathematically inclined need to put those numbers into a narrative that is understandable.

Valuation 116

Valuation Corporate Finance Investments Finance 116

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

CFO News Room

DECEMBER 16, 2022

Bureau of Labor Statistics, employment numbers for Financial Managers are expected to rise by 17% over the next decade , faster than the average for all occupations. They may work in various industries, such as investment firms, accounting firms, banks, or the government. Senior Accountants. According to the U.S.

Finance 130

Finance Budgeting Compliance Financial Analyst 130

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

Future CFO

OCTOBER 31, 2023

A number of finance leaders in the Southeast Asian region were revealed to have been pursuing a bold transformation agenda in a bid to bring change to the function for the future, according to a study by accounting firm EY.

Finance 52

Finance Accounting Firms Numbers Technology 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. Why accounting firms have become hot acquisition targets for RIAs.

Tax Planning 82

Tax Planning Practice Management Accounting Firms Securities 82

PYMNTS

AUGUST 27, 2019

The Certified Personal Accountant (CPA) today now has a plethora of FinTech solutions they can use to manage their clients’ money, with the number of digital tools — including cloud accounting portals, cash flow forecasting solutions and intelligent technologies like artificial intelligence (AI) — continuing to rise.

Cash Flow Forecasting 60

Cash Flow Forecasting Accounting Standards Accounting Firms Reconciliations 60

CFO Simplified

MARCH 7, 2024

accounting firms, SEC registered businesses, insurance companies, and publicly traded corporations). Many “beneficial owners” choose to obtain something called a “FinCEN ID,” which is a unique identifying number issued to an individual by FinCEN.

Tax Planning 59

Tax Planning Compliance Restructuring Treasury 59

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

JANUARY 13, 2021

Medius CEO Per Åkerberg said the company has seen a number of clients grappling with various offerings and companies to deal with local digital invoice formats and rules. Medius has long provided companies with technologies related to the accounts payable (AP) workflow. 13) announcement.

Invoicing 67

Invoicing Accounts Payable Compliance Accounting Firms 67

CFO Simplified

MARCH 7, 2024

accounting firms, SEC registered businesses, insurance companies, and publicly traded corporations). Many “beneficial owners” choose to obtain something called a “FinCEN ID,” which is a unique identifying number issued to an individual by FinCEN.

Tax Planning 52

Tax Planning Compliance Restructuring Treasury 52

Future CFO

JULY 10, 2023

The need of talent cultivation has driven the Institute of Singapore Chartered Accountants to launch the ISCA Global Talent Programme, the first of its kind for the island state’s professional services sector. ISCA said it will support the students’ expenses on this week-long programme with a $1 million allocated fund.

Corporate Finance 40

Corporate Finance Leadership Communication Accounting 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

CFO Talks

OCTOBER 10, 2022

CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. and join our community of accounting and finance executives. Go to www.cfoclub.co.za I only came to South Africa in 2009.

CFO 52

CFO Transportation Education Accounting 52

Future CFO

AUGUST 18, 2022

The number of global companies obtaining independent assurance on their ESG information increased from 51% to 58% in 2020, compared to the previous year, said the International Federation of Accountants ( IFAC ) recently. The use of, or reference to, Sustainability Accounting Standards Board (SASB) standards more than doubled in 2020.

IFRS 52

IFRS Auditing Accounting Standards Accounting Firms 52

PYMNTS

JULY 2, 2020

billion accounting scandal at the center of Wirecard AG’s insolvency was a “massive criminal act,” Reuters reported. “It billion went missing from two accounts in the Philippines. But EY, Hufeld and regulators are facing scrutiny over how the once high-flying company managed to escape the industry’s standard accounting rules.

Accounting Firms 56

Accounting Firms Finance Accounting Financial Reporting 56

CFO Simplified

AUGUST 7, 2023

If I told you there’s a service that your customers can use to send you money with confirmed, usable cash in your account in 20 seconds, would you use it? Would you use a service that would put money in their account in 20 seconds? I’ve talked to business owners, accounting firms and a few financial consultants.

CFO 52

CFO Banking Accounting Accounting Firms 52

PYMNTS

MAY 29, 2020

At one-third, it’s the highest number since the department began tracking in the 1960s. The saving rate is the residual of an extraordinary event,” Diane Swonk, chief economist at Grant Thornton, the Chicago accounting firm, told the network. economist at Oxford Economics told CNBC. In May 1975, the savings rate reached 17.3

Economics 58

Economics Accounting Firms Financial Data Investments 58

The Charity CFO

APRIL 28, 2023

Is there an advantage to working with accounting firms specializing in nonprofits? However, running a nonprofit comes with unique challenges that require specialized expertise, particularly in financial management and accounting. Grant Accounting Many nonprofit organizations rely on grants to fund their programs and services.

Nonprofit 52

Nonprofit Accounting Firms Accounting Auditing 52

PYMNTS

DECEMBER 7, 2020

Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants. ImagineTime, Mango Billing Partner On Digital Accounting. Revolut Launches Acquiring Solution For Business Customers. Revolut , which is valued at $5.5

B2B 63

B2B Finance Practice Management Invoicing 63

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

MAY 22, 2020

Arkansas, Colorado, Illinois and Ohio have warned tens of thousands of residents who have applied online for unemployment benefits due to COVID-19 of possible data breaches that could have exposed names, addresses and Social Security numbers.

Budgeting 53

Budgeting Securities Accounting Firms Numbers 53

BlueLight

MAY 1, 2020

The CEO outsources accounting to a third-party accounting firm and may conduct simple FP&A. Financial planning & analysis is a corporation function that uses financial information to make forward-looking recommendations, evolving from a number cruncher to a strategic partner.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

SEPTEMBER 27, 2020

Lightyear intends to work toward acquiring software and payments companies, which the release calls “a highly fragmented market” that has a large number of smaller providers. According to the press release, the addressable market for payments solutions is around $1.4 billion for the legal vertical alone.

Practice Management 64

Practice Management B2B Invoicing Accounting Firms 64

PYMNTS

JANUARY 31, 2019

British restaurants hit a milestone in 2018 — the number of insolvent ones hit an all time high, and has even doubled since 2010, according to report by Reuters. According to a study by the accountant firm Price Bailey, restaurants are struggling because of the proliferation of delivery apps, and also the saturation of the market.

Marketing 57

Marketing Restructuring Accounting Firms Numbers 57

CFO Thought Leader

NOVEMBER 26, 2023

It was during these months and years of career investment, Benevides tells us, that he found his attention focused by a number of critical undertakings, including making the transition from supporting a regional accounting firm to being part of a Big Four accounting house.

CFO 52

CFO Finance Leadership Accounting Firms 52

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 Talks

SEPTEMBER 28, 2022

I fell in love with accounting and it’s still my passion’. 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

PYMNTS

DECEMBER 9, 2020

What about the strain on IT and accounting? The company went on to note that “in recent periods, we have experienced rapid growth, and this growth has placed considerable strain on our IT and accounting systems, processes and personnel. That means there could be misstatements of financial position that may need to be corrected.

Valuation 76

Valuation Auditing Accounting Firms Financial Reporting 76